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7silverback

7silverback
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  • BP can't escape liabilities by blaming feds for drilling halt, plaintiffs say [View news story]
    who would want to open business in the USA all this will effect inward investment and employment .
    Jul 9 08:32 AM | 2 Likes Like |Link to Comment
  • U.S. government seeks BP's continued suspension from new contracts [View news story]

    i notice the American doj has struck another blow
    for free trade and open business by banning bp
    from government contracts. as always the amricans are the
    standard bearers for free trade providing they control it.
    Jan 31 08:01 AM | Likes Like |Link to Comment
  • Ex-BP engineer convicted of destroying spill evidence [View news story]
    If you compare this to what haliburton got for destroying evidence, just a rap on the knuckles.
    I suppose the American's are consistent in the way they have treated BP compared to Haliburton and transocean who are definitely more guilty of malpractice and incompetence leading to the disaster in my opinion.
    The main thing BP did wrong was to employ incompetent contractors with clauses that state they are not held responsible if we f/up the job.
    Hopefully these contracts with contractors are stronger now.
    Dec 19 07:56 AM | 1 Like Like |Link to Comment
  • What Makes BP Compelling Over The Next 5 Years [View article]
    Lets not forget The American company Occidental Petroleum Corporation /The Piper Alpha explosion off Aberdeen in July 1988, was the world's worst off-shore oil disaster, Killing 167 people,
    Jun 24 03:11 AM | 3 Likes Like |Link to Comment
  • Europe closes with sharp gains, with a big, unexpected jump in German investor sentiment looking like the catalyst. Stoxx 50 (FEZ) +1.8%, led by France (EWQ) +1.9% and Germany (EWG) +1.6%. The euro (FXE) +0.3% to $1.3392. [View news story]
    7day strike in Spain ,strikes and riots in Italy and the euro surges
    I don't get it?
    Feb 19 03:08 PM | Likes Like |Link to Comment
  • BP (BP +1%) shares have pulled back after the company announces its Gulf spill settlement includes $4B to the DOJ to end all criminal charges, plus another $525M to settle charges with the SEC. BP expects the resolution to result in an increase of ~$3.85B to the $38.1B charge taken against income as of the end of September. [View news story]
    On the night of December 2nd, 1984, a Union Carbide plant in Bhopal, India, began leaking 27 tons of the deadly gas methyl isocyanate. None of the six safety systems designed to contain such a leak were operational, allowing the gas to spread throughout the city of Bhopal [1]. Half a million people were exposed to the gas and 25,000 have died to date as a result of their exposure. More than 120,000 people still suffer from ailments caused by the accident and the subsequent pollution at the plant site.
    Nov 15 04:04 PM | 2 Likes Like |Link to Comment
  • Environmental penalties remain unresolved in BP's (BP +1.5%) expected settlement with the DOJ and SEC over the 2010 Gulf of Mexico spill, as BP could be liable for a maximum penalty of $5.4B under the Clean Water Act, rising to as much as $21B if gross negligence is found. Total outstanding liabilities still have the potential to exceed the $38B charge BP has booked so far for the disaster. [View news story]
    Occidental Oil American company killed 167 brits and got of scot free
    On the night of December 2nd, 1984, a Union Carbide plant in Bhopal, India, began leaking 27 tons of the deadly gas methyl isocyanate. None of the six safety systems designed to contain such a leak were operational, allowing the gas to spread throughout the city of Bhopal [1]. Half a million people were exposed to the gas and 25,000 have died to date as a result of their exposure. More than 120,000 people still suffer from ailments caused by the accident and the subsequent pollution at the plant site.
    Nov 15 04:04 PM | 1 Like Like |Link to Comment
  • BP and the Justice Department are close to a deal to resolve the company's civil and criminal liabilities arising from 2010's Deepwater Horizon spill, according to sources. Among the points of contention are the sides being about $6B apart on a final settlement figure, with BP concerned an amount too high could imply negligence, thus encouraging plaintiffs with pending lawsuits to seek higher damages. [View news story]
    bp had 65% stake, American company drilled the hole American company plugged the hole bp pay the bill?
    Oct 11 06:01 AM | Likes Like |Link to Comment
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