New BP Project
BP, PLC has announced plans to go forward with a major project in the gulf. They've reworked a 2013 proposal, trimming the cost of Mad Dog Phase 2 from $20 billion to $9 billion. Analysts see the decision to go forward as an indication of optimism in the future of oil prices.
BP Files Appeal With U.S. Supreme Court
BP has officially asked the United States Supreme court to hear an appeal pertaining to a 2012 settlement stemming from the Deepwater Horizon disaster. The company filed a writ of certiorari petition on Friday.

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