BP takes Abu Dhabi oil field stake for $2.2 billion in stock

The payment in shares also helps BP preserve its own cash and maintain a balance sheet that has seen debt and leverage rise during the oil-price collapse. Photo: Reuters Abu Dhabi/London: BP Plc cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of […]

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US judge approves $20 billion settlement for BP oil spill

AP In this April 21, 2010 file photo, the Deepwater Horizon oil rig burns in the Gulf of Mexico following an explosion that killed 11 workers and caused the worst offshore oil spill in U.S. history. TOPICS environmental issues This is the largest environmental settlement in history and the payment will have to be made […]

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