BP $50m blast fine 'not enough'
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A proposed $50m fine for an explosion at a BP plant in Texas is too low, lawyers for the victim's families say.
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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New York Attorney General Andrew Cuomo said in Albany Exxon Mobil isn't moving fast enough to clean up a 50-year-old oil spill in a Brooklyn neighborhood.
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BP today announced record third-quarter profits of Â£2.14 billion on the back of soaring oil prices. The worldâs second biggest oil firm said pro forma net earnings included a charge for exceptional items of Â£218 million.
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Mexico's state-owned oil monopoly will be fined as much as &#36;200,000 and could face criminal charges for spilling 5,000 barrels of crude into a river leading to the Gulf of Mexico, coating local beaches, a federal official said Thursday.
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The U.S. Occupational Safety and Health Administration on Friday proposed to fine BP Plc  $92,000 for safety violations at a Texas City refinery where 15 workers died in a 2005 explosion and fire.
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Oil major BP on Thursday agreed to pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion, an Alaska oil spill and allegations it manipulated the propane market.
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Police are fined Â£75,000 with Â£50,000 costs over the deaths of two boys who drowned in a police swimming pool.
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BP  unit BP Exploration  (Alaska) Inc has agreed to pay $379 million to settle a dispute  over outstanding corporate income taxes charged between the  years 2000 and 2002, Gov. Sarah Palin said on Monday.
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The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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A US safety watchdog plans to fine BP for alleged breaches at a Texas plant following a fatal blast there in 2005.
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Two pension funds plan to ask an  Alaska state court on Friday to freeze more than $140 million  in retirement pay and other compensation for outgoing BP Plc   CEO John Browne, saying it is excessive and  undeserved, an attorney for the investors said.
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BP reported a 45 percent fall in  third-quarter replacement-cost profit to $3.867 billion due to  lower oil and gas production, problems at its refining division  and fewer asset sales which had flattered the year-earlier  result.
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The US Department of Justice fines oil giant BP some $373m (Â£182m), for fraud and environmental violations.
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BP could be forced to raise capital spending by $1.5bn (Â£820,000) next year because of sharply rising steel prices and increased competition for drilling rig services as oil companies lift investment to record levels.
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WASHINGTON -- BP executives received stern warnings Thursday from members of Congress outraged at the company's admittedly deficient maintenance of leak-prone Alaskan oil pipelines.
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The Financial Services Authority has hit oil giant Royal Dutch/Shell Group with a 17 million pound fine over its misstatement of its proven reserves.