British Petroleum fined a record $20.8 billion for oil spill

In a monumental decision, British Petroleum (BP) was fined $20.8 billion for the 2010 oil spill in the Gulf of Mexico; this upgrades the initial deal from the $18.7 that were previously discussed and represents the largest corporate settlement in US history. This money is additional to the reported $28 billion spent on cleanup and compensation.

25,000 Mexican Fisherman Sue BP Over Environmental Disaster

Five years after the British Petroleum catastrophe in the Gulf of Mexico, Mexican fishermen have still not received any compensation, so they’ve decided to sue the oil giant.

BP’s fine for the Deepwater Horizon oil spill will be lower than expected

A federal judge decided this week that British Petroleum will pay a maximum of $13.7 billion for its 2010 Gulf of Mexico oil spill, saying that the oil spill was not as extensive as United States officials claimed. The sum is several billions lower than all parties involved were expecting – except for BP, of course.

Oil Company will build the longest vessel ever

Well despite what you may think, the oil industry is doing better than ever. With a length of 468 meters, this giant will be exploiting the Prelude gas field, about 500 km away from Australia, relying on a Floating Liquefied Natural Gas (FLNG) plant. However, the vessel will be too far away from land to be connected to a pipeline,

NASA Picture of the oil spill

I’m gonna call ‘no comment’ on this one. Full pic here.

British Petroleum Abandons Green Plans, Goes Back to Carbon

I had every bit of admiration for BP when they announced they were going towards some greener alternative, although this meant cutting back on some profits. Under the leadership of former CEO Lord Browne, British Petroleum had made steps to move its business model beyond only petroleum and into newer and greener energy sources. But the oil price is at