A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, both with stable outlooks. Jupiter is a captive of BP plc, an integrated …
A Durango, Colo. man is suing BP claiming he was fired for reporting safety violations by a BP contractor. Larry Holland, an employee of Grand Junction-based Pure Automation Inc., is seeking $5 million. BP America told the Durango Herald the …
A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against U.S. oil company Chevron and driller Transocean, doubling the stakes against the companies as critics call him as overzealous. The new lawsuit, the prosecutor’s …
BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability. A reduction in the size …
BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. Wednesday’s decision by U.S. District Judge …
State safety inspectors are investigating the cause of a dramatic blaze at Washington’s largest oil refinery Friday near Blaine, as BP launched its own review into why it happened. The fire broke out in the sole crude processing unit at …
On the day the Deepwater Horizon sank, BP officials warned in an internal memo that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a …
A former BP employee has filed a whistleblower lawsuit against the company, claiming he was fired for airing concerns about the cleanup of Mississippi’s shoreline after the Gulf oil spill. In a federal suit filed last Friday in New Orleans, …
A federal judge in New Orleans shot down BP’s request to penalize Halliburton for allegedly destroying damaging evidence about the quality of its cement slurry that went into drilling the oil well that blew out last year and caused the …
BP will no longer be responsible for cleaning up oil that washes up on the Gulf Coast unless officials can prove it comes from the company’s well that blew out in 2010, causing the worst offshore spill in U.S. history, …
