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BP plc Message Board

retiredbill 64 posts  |  Last Activity: 7 hours ago Member since: Apr 13, 1998
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  • Release date: 15 April 2014
    $14 billion and 70-million man-hours expended, 778 miles cleaned milestone marks major step toward honoring BP’s commitment to the Gulf

    From BP Website............Google the header....................

    HOUSTON – The U.S. Coast Guard today ended patrols and operations on the final three shoreline miles in Louisiana, bringing to a close the extensive four-year active cleanup of the Gulf Coast following the Deepwater Horizon accident. These operations ended in Florida, Alabama and Mississippi in June 2013.

    “Reaching this milestone is the result of the extraordinary efforts of thousands of people from BP, local communities, government agencies, and academic institutions working together,” said John Mingé, Chairman and President of BP America. “Immediately following the Deepwater Horizon accident, BP committed to cleaning the shoreline and supporting the Gulf’s economic and environmental recovery. Completing active cleanup is further indication that we are keeping that commitment.”

    The large-scale cleanup effort, combined with early restoration projects and natural recovery processes, is helping the Gulf return to its baseline condition, which is the condition it would be in if the accident had not occurred. Although active cleanup has ended, the entire area of response is subject to the National Response Center (NRC) process. Coast Guard personnel are pre-positioned to investigate any further reports of oil-based material.

    “BP has spent more than $14 billion and more than 70 million personnel hours on response and cleanup activities,” said Laura Folse, BP’s executive vice president for Response and Environmental Restoration. “Even though active cleanup has ended, we will keep resources in place to respond quickly at the Coast Guard’s direction if potential Macondo oil is identified and requires removal.”

    Bill

  • BP's US Pipeline Business Earns Top Safety Honors
    Release date: 09 April 2014

    From BP`s Website.............................

    BP’s US pipelines business was recognized yesterday for industry-leading safety and environmental performance in 2013 by the American Petroleum Institute (API) at its annual pipeline conference.

    Don Porter, who leads BP’s US pipelines business, accepted API’s Occupational Safety and Environmental Performance awards in the large operator category on behalf of the company.

    “It’s remarkable for a company to earn both awards,” Porter said. “I believe it speaks to BP’s long-term commitment to continually improve its safety and environmental performance.”

    BP earned both awards by logging the best worker safety and liquids handling performance statistics among all pipeline entrants last year.

    In 2013, BP’s US pipeline employees and contractors worked 5.7 million hours without an OSHA recordable incident, achieving a Recordable Incident Frequency (RIF) rate of zero. Since February 2012, BP’s U.S. pipelines business has logged more than 13 million work hours without recording an incident causing a worker to miss work due to an injury.

    BP was also the top environmental performer based on the two metrics used in the judging – number of releases per mile of liquid pipeline operated and volume released per barrel-mile of liquid transported.

    BP’s 3,705-mile US pipeline network recorded only five spills of greater than five gallons in 2013 for a rate of 0.00135 incidents per mile. This equated to a total released volume of 3.2 ounces released for every 100,000 barrels transported.

    “We’re very proud of our employees and contractors for having achieved these remarkable results in 2013,” Porter added. “Our goal is to build on this industry-leading performance in 2014.”

    Go BP!

    Bill

  • Reply to

    APC actions shows what litigation end can do

    by dou_cme2001 Apr 4, 2014 1:38 PM
    retiredbill retiredbill Apr 4, 2014 5:04 PM Flag

    Hey dou_cme. I saw Anadarko`s Price action yesterday after the settlement and had the same thoughts.
    I recall they settled for 5 Billion vs the 20 Billion demanded!

    ** Stock investors seem to have a firm grip on Anadarko Petroleum’s toxic waste settlement. The record $5.15 billion settlement on Thursday, covering years of environmental claims, was at the low end of a court-defined range, which had a midpoint of $9.8 billion. The 15 percent jump in the oil company’s market capitalization after the settlement was announced is mostly explained by those numbers. **

    I made three attempts yesterday to post the APC News, but Yahoo just kept deleting messages.

    Enjoy,

    Bill

  • March 31, 2014

    Google the header.....................sure looks like Vikkihater did a great job supervisiong the clean up!

    ** The Coast Guard says crews didn't find any more oil during the latest search of the Lake Michigan shore following last week's spill at BP's northwestern Indiana refinery.

    Officials say a Coast Guard, BP and U.S. Environmental Protection Agency assessment team checking the area near the Whiting refinery on Sunday spotted no visible oil on the shore or in the water. Cleanup workers spent last week removing oil from about a half-mile section of shoreline. **

    Keep up the good work Chump!

    Bill

  • March 29, 2014
    Bank of America Reinstates Coverage on BP plc on Attractive Risk/Reward

    Google the header...............

    ** Bank of America analyst reinstated coverage on BP plc (NYSE: BP with a Buy rating and $52.00 price target. **

    Certainly beats negative news!

    Bill

    Sentiment: Strong Buy

  • Reply to

    Divdend Payment

    by ftness4life Mar 28, 2014 2:18 PM
    retiredbill retiredbill Mar 28, 2014 2:25 PM Flag

    My divvies at RBC and Scottrade generally get credited after midnight on payment date!

    Enjoy,
    Bill

  • retiredbill retiredbill Mar 28, 2014 2:15 PM Flag

    Hi Cuiosity,.............admittedly very interesting.....

    ** While it appears the company was involved in "discussions" with the Claims Administrator it appears they may not have been aware that the PSC attorneys were expediting their own claims with the knowledge of Juneau. **

    ** The allegation that some PSC firms sold access to the claim "formula" before the claims office opened. In fact, it now appears some of the PSC firms entered into joint venture agreements with other law firms around the Gulf Coast without disclosing the nature of their involvement to either the claimants or the claims office.

    That members of the PSC had their own private claims expedited before other claimants who had filed ahead of them. **

    What a Circus! Very likely conflicts on both sides!

    Thanks for referencing the blog.

    Bill

  • Reply to

    Your a bunch of snobs

    by ecamp97 Mar 27, 2014 4:09 PM
    retiredbill retiredbill Mar 28, 2014 12:02 PM Flag

    Ecamp, on Mar. 27 you stated that you asked a tax question " yesterday ".....no such statement!

    ___________________________________________
    However, on the 24th you made a comment as follows:

    ecamp97 • Mar 24, 2014 11:55 AM

    " The reason many people in the Gulf did not get any money is because they never paid TAXES. Under the table money with no records is not going to make it when you want help from BP. Whose fault is that? "

    ___________________________________________

    Well, who`s Fault do you think it is? " Under the Table Money with No Records "......Isn`t that a way of life in Louisiana......I suppose you should know, Right!

    Now, if that`s your definition of a Tax Question, why don`t you let us decide who`s really a SNOB!
    Actually, you come across more like an IMBECILE!

    Bill

  • Reply to

    stock

    by tankersailor Mar 28, 2014 7:25 AM
    retiredbill retiredbill Mar 28, 2014 8:58 AM Flag

    Hey Sailor,

    Google the following header............

    ** European stocks gain after confidence data **

    ** European stocks rose Friday, gaining ground after consumers expressed more confidence in the euro-zone economy.

    The Stoxx Europe 600 reached an intraday high after the European Commission’s report that its economic sentiment indicator rose by 1.2 points to 102.4 in March from February, bolstered by increased confidence among consumers in the services and retail sectors. The result surpassed expectations of 101.4, according to FactSet data.

    The five-largest euro-area economies saw an increase in sentiment, said the European Commission. **

    Bill

  • March 27, 2014
    Why does the U.S. Chamber oppose small businesses harmed by BP disaster?

    Google the header..................Interesting article.............

    ** And, one might think, for the Chamber of Commerce, sanctity of contract is a fundamental principle. Or, more colloquially, one might expect that the Chamber is guided by the maxim that a deal’s a deal.

    Not so, apparently.

    In an amicus brief filed earlier this week, the Chamber (along with the National Association of Manufacturers and the U.S. Hispanic Chamber of Commerce) argued that the settlement agreement should be re-opened to ensure that greater certainty will attach to future class-action settlements. This is a claim that might generously be called paradoxical; or, less generously, self-contradictory. This is the core of the Chamber’s argument: revisit the terms of a voluntary agreement entered into by the most sophisticated bargaining party imaginable – undermining the certainty and predictability embodied in the notion that a deal’s a deal – to increase the confidence of future parties to class-action settlements. **

    Bill

  • retiredbill retiredbill Mar 27, 2014 8:44 PM Flag

    Hi Nad, you are most welcome!

    " Oh, I guess I should change my logon to retirednad. Pulled the plug on the 11th. "

    Hey Nad, my personal Congrats on that Big Retirement!

    I`ll never forget that day either. Now invest in income stocks and help
    bolster that retirement income. BP should serve us well!

    Best of Luck
    and Best regards,

    Bill

  • Good News.

    Google the header............

    Bill

    Sentiment: Strong Buy

  • Of course, it would affect BP`s Stock Price, but Putin and his Oligarch Henchmen would literally #$%$ in their pants!

    When you really think about it, you can win a war without firing a shot! So, go ahead Putin, make your move!!

    Google the following header...........

    ** Russia's Rosneft Should be Delisted From LSE Over Crimea, Says Former Yukos Exec **

    ** There have been calls to delist Russian oil company Rosneft from the London Stock Exchange as part of the West's measures to punish the country over its annexation of Crimea.

    The Guardian reported that the calls came from Bruce Misamore, the former chief financial officer at oil company Yukos. Yukos was founded by former Russian oligarch Mikhail Khodorkovsky and later absorbed into Rosneft while Khodorkovsky was in jail.

    Misamore noted that hurting Rosneft, which is largely state-owned, would be a good way of punishing Russian President Vladimir Putin for his actions in Ukraine. **

    ______________________________________________________

    Here is another article.................................

    Just Google the following header............

    ** BP drawn into row over Russia's annexation of Crimea **

    "Remember when you are dealing with a Rat, just give them some of their own Poison!

    Bill

  • March 17, 2014
    BP asks full 5th Circuit to hear causation appeal

    Google the header.............

    ** - BP asked Monday for the full 5th Circuit Court of Appeals to hear its argument that businesses seeking compensation for oil spill losses should have to prove those losses came from the effects of the spill, and not from some other factor. **

    If this doesn`t work, to the Surpreme Court!

    Bill

  • Mar 14, 2014
    Russian Richest Face Margin Calls With Billions at Stake

    Google the header............

    If this doesn`t tell you that Putin is playing with fire, then nothing does! This could very well ignite country wide and spread like a Blitzkrieg..

    ** Since Feb. 28, the day unidentified soldiers took control of Simferopol Airport in southern Ukraine, Russia’s 19 richest people have lost $18.3 billion, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 richest wealthiest people. **

    Bill

  • March 16, 2014
    Right Sector leader: Kiev should be ready to sabotage Russian pipelines in Ukraine

    Google the header............

    If Putin isn`t careful, he won`t pipe or sell any oil or gas to Europe...........You can win a war without firing a shot! It`s called Economics........I take note that Energy Futures aren`t flying yet........We`ll see!

    ** The leader of ultranationalist group Right Sector, Dmitry Yarosh, has threatened to destroy Russian pipelines on Ukrainian territory if a diplomatic solution is not reached with Moscow.

    In a fiery address loaded warmongering rhetoric, Yarosh told his followers they should be ready to resist the Russian “occupiers.” The leader of the Right Sector made his address to the coup-appointed government in Kiev, as Crimeans made their way to ballots Sunday to vote to join with Russia or to remain within Ukraine.

    “We cannot allow the enemy to carry out a blitzkrieg attack on Ukrainian territory. We mustn’t forget that Russia makes money sending its oil through our pipelines to the West. We will destroy these pipelines and deprive our enemy of its source of income,” Yarosh said. **

    _________________________________________________

    Here is another header.......................

    March 16, 2014
    If Ukrainian radicals blow up pipeline from Russia, Europe will be in trouble

    Google the header...................

    ** The threat form the Ukrainian right wing group, Right Sector, to sabotage pipelines taking Russian gas to Europe must be taken seriously, British MP, author and broadcaster George Galloway, has told RT.

    Galloway, himself a Scot, although not a supporter of Scottish independence, argues that the people of Crimea have the same right as the people of Scotland to decide their own future. **

    Never a dull moment!

    Bill

  • March 13, 2014
    BP Reaches Administrative Agreement with EPA Resolving Suspension and Debarment

    From BP`s Website...........

    Agreement Clears the Way for BP to Enter Into New Contracts With Federal Government

    BP today announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory disqualification of BP following the Deepwater Horizon accident and oil spill. As a result of this agreement, BP is once again eligible to enter into new contracts with the US government, including new deepwater leases in the Gulf of Mexico.

    The administrative agreement applies to all of the suspended and debarred BP entities, including BP Exploration & Production Inc., BP p.l.c. and certain affiliated companies.

    “After a lengthy negotiation, BP is pleased to have reached this resolution, which we believe to be fair and reasonable,” said John Mingé, Chairman and President of BP America, Inc. “Today’s agreement will allow America’s largest energy investor to compete again for federal contracts and leases.”

    Under the terms and conditions of the administrative agreement, which will apply for five years, BP has agreed to a set of safety and operations, ethics and compliance, and corporate governance requirements, including those contained in the remedial order stemming from BP’s 2012 Plea Agreement with the US Department of Justice and Final Judgment Order with the US Securities and Exchange Commission.

    As part of the administrative agreement, BP will dismiss the lawsuit it filed against the EPA in federal court in Texas for improper statutory disqualification and suspension.

    Is the US Government telegraphing Settlement.
    More favorable news expected!

    Bill

    Sentiment: Strong Buy

  • March 13, 2014
    BP plc (BP)
    -NYSE Follow
    47.59 Down 0.62(1.29%) 4:00PM EDT
    After Hours : 48.19 Up 0.60 (1.26%) 6:02PM EDT - Nasdaq Real Time Price

    Up nice after favorable news.
    About time!

    Bill

    Sentiment: Strong Buy

  • March 13, 2014

    BP says it's eligible for deepwater leases in Gulf of Mexico again

    Google the header..............

    ** NEW ORLEANS – BP announced Thursday that it is once again eligible to enter into new contracts with the U.S. government, including deepwater leases in the Gulf of Mexico.

    The company said it had entered into an administrative agreement with the United States EPA resolving all matters relating to its suspension, debarment and disqualification following the oil spill of the Deepwater Horizon.

    “After a lengthy negotiation, BP is pleased to have reached this resolution, which we believe to be fair and reasonable,” said John Mingé, chairman and president of BP America, Inc. “Today’s agreement will allow America’s largest energy investor to compete again for federal contracts and leases.” **

    One more problem solved...........
    More positive news on the way!

    Bill

  • March 13
    U.S. lifts ban blocking BP from new government contracts

    Google the header.............

    ** The Environmental Protection Agency is ending BP's suspension from receiving new federal contracts that was imposed after the oil giant agreed to guilty pleas over the 2010 Gulf of Mexico rig explosion and spill. **

    One problem solved........few more to go!

    Bill

BP
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