BP Complaints

BP’s Outlook Revised to Negative by Standard & Poor’s (Update1)
May 7 (Bloomberg) — BP Plc ’s outlook was revised to negative from stable by Standard & Poor’s Ratings Services as the company faces uncertainty about the costs stemming from an oil spill at its Macondo well in the Gulf of Mexico.

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BP Oil Tanker Said to Be Diverted From Gulf of Mexico (Update1)
May 5 (Bloomberg) — BP Plc diverted an oil tanker to Europe from the Gulf of Mexico, where a spill from a rig leased by the company may disrupt shipping, according to a shipbroker with direct knowledge of the decision.

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BP Spill Biggest Energy Insurance Loss in 20 Years (Update1)
May 7 (Bloomberg) — The sunken Deepwater Horizon oil rig in the Gulf of Mexico will lead to the biggest energy insurance losses in more than 20 years, Catlin Group Ltd.

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BP Plans to Lower Containment Dome on to Seabed Today (Update1)
May 6 (Bloomberg) — BP Plc , battling an oil spill in the Gulf of Mexico, plans to lower a containment dome onto the seabed today to collect crude spewing from the damaged well.

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Horrified Pilot Sees Oil Spill Clumps Near Gulf Coast (Update1)
May 5 (Bloomberg) — Oil is still gushing from BP Plc’s leaking rig, 80 miles from the Gulf Coast. It hasn’t yet touched shore in the Alabama city of Mobile, though some residents say they can smell the fumes of the approaching slick. Coast Guard officials say it’s onshore elsewhere.

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BP CEO Hayward Says Spill Costs to Exceed Damage Cap (Update1)
BP Plc Chief Executive Officer Tony Hayward said he expects economic costs of the oil leak in the Gulf of Mexico to far exceed the $75 million federal limit on damages.

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Obama Backs ‘Significantly’ Higher Spill Damage Cap (Update1)
The Obama administration is backing “significantly” higher limits for damages BP Plc might face for the oil spill in the Gulf of Mexico and won’t rule out scaling back plans to expand offshore drilling.

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BP, Transocean Suits Surge as Gulf Oil Spill Spreads (Update1)
April 30 (Bloomberg) — BP Plc and Transocean Ltd. face at least 26 lawsuits, including group cases with potentially thousands of plaintiffs, over environmental damage and personal injuries caused by the oil spill in the Gulf of Mexico.

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