BP in Â£1bn refinery sale to Swiss
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A refinery on the Thames Estuary which produces 10 million tonnes of fuel a year is sold by owners BP.
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LONDON - BP PLC agreed to pay $373 million to resolve charges related to a fatal refinery explosion, market manipulation, and an oil pipeline leak, as Europe's second-largest oil company tries to recover from lapses that dented its share price and image.
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Libya announced on Tuesday it will sign a 900 million dollar exploration deal with British energy giant BP, which London says plans to return the north African country after a 33 year absence.
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The private equity firm Colony Capital agreed to acquire control of Tamoil of Libya for 4 billion euros ($5.4 billion). The Libyan government will retain 35 percent of the company, which operates refineries and gas stations, Colony said. Tamoil, based in Switzerland and owned by the Libyan government under the name Oilinvest B.V., owns three refineries â in Germany, Italy and Switzerland â and 2,500 gas stations in Italy.
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British Telecom is buying U.S.-based Infonet Services in a deal that values the company at almost $1 Billion.
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The pound was firmer, hitting 1.9846 usd at one point -- its highest level this year, on news of a major stock market acquisition and as markets scaled back their interest rate cut expectations. Scottish & Newcastle, the UK's largest brewer, announced it has agreed to be bought by Carlsberg and Heineken, for around 7.6 billion pounds.
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Scottish & Newcastle, Britainâs largest brewer, agreed to a Â£7.8 billion ($15.4 billion) takeover by the European rivals Carlsberg and Heineken.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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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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A controversial steel magnate today awarded himself a Â£1.1 billion bonus after unveiling a takeover that will create the worldâs biggest steel company.
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British oil major BP is pledging millions of dollars to Georgia as part of the construction of the Baku-Tbilisi-Ceyhan (BTC) pipeline, Prime Minister Zurab Jvania and the company said.
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Energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars.
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Chemicals giant ICI sells its Quest flavour and fragrance division to Swiss firm Givaudan for Â£1.2bn.
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The oil refiner Tesoro Corp. will buy a Los Angeles-area refinery and 250 Southern California retail sites from a division of Royal Dutch Shell PLC, for $1.63 billion.
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A North American energy company which operates a major North Sea oil field is selling its British division for 2.1 billion (Â£1.14 billion), it was announced today.
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Rexam, the world's biggest can maker, buys the plastics unit of US group O-I for $1.57bn.
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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).