Toby Odone News
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Rates to ship gasoil in northwest Europe had this year’s biggest weekly increase after BP Plc booked tankers to carry refined fuel from the region to Algeria, draining vessel supply.
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BP Plc, the world’s third-largest charterer of ships to carry oil, confirmed an order for 13 of the vessels, 2012’s largest shipbuilding accord for tankers.
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U.S. citizens and residents with UBS AG accounts are racing the clock to disclose their secret holdings to the Internal Revenue Service after the Swiss Parliament ratified an agreement to surrender the names of 4,450 bank clients, tax lawyers said.
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BP Plc will put equipment in place this weekend that will allow the company to double the amount of crude being caught from its leaking Gulf of Mexico well.
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BP Plc agreed to bring Pride International Inc.’s drilling rig from the Gulf of Mexico to explore off Libya next year after delaying the plans because of limited rig availability in the Mediterranean.
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BP Plc may saddle potential buyers of its assets with lawsuits as Europe’s second-biggest oil company tries to raise money to pay claims that may reach $100 billion from the Gulf of Mexico spill, lawyers said.
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BP Plc bought a cargo of North Sea Forties crude from Royal Dutch Shell Plc and halted a pipeline carrying oil from the Caspian Sea to Turkey.
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The BP Plc-led Shah Deniz Phase Two natural-gas project in Azerbaijan’s section of the Caspian Sea will start production in 2018 and deliver the fuel to the European Union in 2019, the state energy company said.
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BP Plc was ordered to pay TNK-BP, its joint Russian venture with a group of billionaires, 100.4 billion rubles ($3.1 billion) in damages over a failed deal with oil producer OAO Rosneft.
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BP Plc will put equipment in place this weekend that will allow the company to double the amount of crude being caught from its leaking Gulf of Mexico well.
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