$69 million pricetag for oil leak, BP gets US bill
GenevaLunch News The US has sent a bill for $69 million to BP for the Gulf of Mexico oil spill that appears closer to being plugged, but which is still leaking. US President Barack Obama said on the...
View ArticleBP oil spill estimate now double original
GenevaLunch News Obama could meet with BP executive, UK prime minister defends BP The US government has revised its estimate of the BP oil spilling into the Gulf of Mexico last week, to twice its...
View ArticleObama, in first TV news show, says BP must pay
GenevaLunch News US must also end its addiction to fossil fuels, president insists US President Barack Obama told Americans during his first televised news conference, a 17-minute speech, that BP will...
View ArticleBP oil rig disaster fault debates turn back to Transocean
GenevaLunch News Zug, Switzerland (GenevaLunch) – Transocean, the Zug-based company that owned the rig operated by BP that exploded and sank in the Gulf of Mexico, is under fire again, following...
View ArticleBP oil spill capped for second day now
GenevaLunch News Oil giant BP has managed to cap the oil spilling into the Gulf of Mexico without a dangerous buildup of pressure or any new leaks and the news has met with cautious optimism. The...
View ArticleBP posts record losses, sets aside $32.2b for oil spill
GenevaLunch News BP Tuesday announced it will sell $30 billion in assets to cover a record UK quarterly loss of $17 billion, part of $32.2b in pre-tax provisions it is setting aside for losses from the...
View ArticleUSA sues BP and 8 others in Gulf oil spill
GenevaLunch News The US Justice Department is suing oil giant BP and eight other companies for violations of federal regulations and for failing to prevent the explosion of the Deepwater Horizon oil...
View ArticleBP settles another $7.8 bn over Gulf spill on eve of court case
GenevaLunch News GENEVA, SWITZERLAND – Oil company BP late Friday 2 March reached an out of court settlement with the Plaintiffs’ Steering Committee for the 2010 Gulf oil disaster, the worst in US...
View ArticleBP pays heaviest-ever US corporate fine for Deepwater spill
GenevaLunch News GENEVA, SWITZERLAND – BP has been fined $4.5 billion for the 2010 Deepwater oil spill, the largest corporate fine handed out by the US Department of Justice, and it has accepted...
View ArticleMali conflict spills over to Algeria, with hostages seized (update)
GenevaLunch News Algerian troops surround factory Some 50 of the hostages are reported to have escaped – details sketchy Update 13:30 GENEVA, SWITZERLAND – Some 50 of the hostages are reported by...
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