oil
UK
South Korea state-owned oil company KNOC has launched a £1.87bn hostile takeover bid for Dana Petroleum, a figure likely to tempt the Aberdeen-based group's largest shareholder Schroders.
20 August 2010
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1 min read
Economics
Fund managers have shown their support for oil giant BP despite its record $17bn (£11bn) loss in the second quarter.
27 July 2010
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3 min read
Investment
BP has recorded a $17bn (£11bn) loss over the second quarter, one of the largest corporate losses in British history.
27 July 2010
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1 min read
Commodities
Embattled BP chief executive Tony Hayward is expected to resign tomorrow as the oil giant attempts to rebound from the Gulf of Mexico oil disaster.
26 July 2010
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1 min read
UK
BP has begun to offload assets aimed at raising cash to pay for the Gulf of Mexico disaster, agreeing the $7bn sale of fields in the US, Canada and Egypt to Apache.
21 July 2010
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1 min read
UK
BP's US-listed shares of soared 7.6% yesterday after the giant announced it had temporarily stopped the oil leak into the Gulf of Mexico for the first time since late April.
16 July 2010
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1 min read
UK
A US senator has stepped up the political attacks on BP, this time calling for an investigation into its Libyan interests and connecting the group with the deal to free the Lockerbie bomber.
14 July 2010
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1 min read
Global
BP faced fresh takeover speculation on the weekend after the Obama administration reportedly told ExxonMobil it would not stand in the way of a takeover bid for its troubled British rival.
12 July 2010
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1 min read
US
BP has agreed to inform the US Government of any major business decision which could affect the future shape of the company following the Gulf of Mexico disaster.
07 July 2010
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1 min read
