In Re: BP P.L.C. Securities Litigation 10-MD-02185-Consolidated Class
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United States District Court Southern District of Texas Houston Division
Case 4:10-md-02185 Document 113 Filed in TXSD on 02/14/11 Page 1 of 182 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re BP plc Securities Litigation No. 4:10-md-02185 Honorable Keith P. Ellison LEAD PLAINTIFFS NEW YORK AND OHIO’S CONSOLIDATED CLASS ACTION COMPLAINT FOR ALL PURCHASERS OF BP SECURITIES FROM JANUARY 16, 2007 THROUGH MAY 28, 2010 Case 4:10-md-02185 Document 113 Filed in TXSD on 02/14/11 Page 2 of 182 TABLE OF CONTENTS Page I. INTRODUCTION ...............................................................................................................2 II. JURISDICTION AND VENUE ........................................................................................11 III. THE PARTIES ..................................................................................................................11 A. Plaintiffs .................................................................................................................11 B. Defendants .............................................................................................................12 C. Non-Party ...............................................................................................................17 IV. BACKGROUND ...............................................................................................................17 A. BP’s Relevant Operations ......................................................................................17 B. BP’s Process Safety Controls Were Deficient Prior to the Class Period ...............18 -
Copyrighted Material
Index Abraham, Spencer, 82 Anadarko Petroleum Corp., 74, 185 Accidents, industrial, 18 Anderson, Jason, 158 Acheson, Dean, 53 Anderson, Paul, 153 Alaska, 24, 46, 56 –57, 81, 89 Anglo-Persian (Iranian) Oil Co., 45, 49, BP’s maintenance problems, 135 50 –54 fi nes paid by BP for spills, 133, 143 Angola, 12, 38, 41, 70 oil spills, 114, 119–135 Apache Corp., 186 Al-Husseini, Sadad I., 124 Atlantic Richfi eld Co. (ARCO), 30 –31, Allen, Mark, 37–38 56, 57, 114, 125, 126 Allen, Thad, 176 Atlantis, 66, 72, 193 All the Shah’s Men (Kinzer), 51 Azerbaijan, 31, 37, 41, 47 Al-Megrahi, Abdel Basset, 38 Al-Naimi, Ali, 35 –36 Baker, James, 105, 112, 142 Alternative energyCOPYRIGHTED technology, 33 Balzer, MATERIAL Dick, 40 Alyeska Pipeline Service Co., Barbier, Carl, 185 120, 121 Barton, Joe, 151, 182 American Petroleum Institute (API), 82, Bauer, Robert, 182 87, 91 Bea, Bob, 125 –128, 131, 160, 173 Amoco, 28 –30, 36 –37, 106, 125, 126 Bertone, Stephen, 6 –9, 16 217 bbindex.inddindex.indd 221717 112/1/102/1/10 77:05:39:05:39 AAMM INDEX Big Kahuna, 78 establishes victims’ fund after Gulf spill, Blackbeard well, 129, 160 181, 182–183 Bledsoe, Paul, 34 events leading up to Gulf explosion, Blowout preventer (BOP), 92, 146, 155 –173 148, 156 –157, 161, 167, 168, exploration and production unit, 175, 192 10, 145 Bly, Mark, 165 –166, 169 fi nally caps Gulf well, 152 Bondy, Rupert, 145 fi nancial liability from Gulf oil spill, 152 Bowlin, Mike, 30 fi nes paid for safety violations, 133, 143 BP: industrial accidents in U.S., 18 begins developing Alaska, 56 –57 investigation -
BP AMERICA LIMITED (Registered No.08842913)
DocuSign Envelope ID: B44D0D52-3A0E-4614-B970-EFB1960DA373 BP AMERICA LIMITED (Registered No.08842913) ANNUAL REPORT AND FINANCIAL STATEMENTS 2019 Board of Directors: J C Lyons P J Mather B J S Mathews The directors present the strategic report, their report and the audited financial statements for the year ended 31 December 2019. STRATEGIC REPORT Results The profit for the year after taxation was $6,017 million which, when added to the accumulated loss brought forward at 1 January 2019 of $60 thousand, gives a total accumulated profit carried forward at 31 December 2019 of $6,017 million. Principal activity and review of the business The company holds the investment in BP America Inc. The company incurs an audit fee each year which wholly represents the administrative expenses for the year. No key financial and other performance indicators have been identified for this company. Section 172 (1) statement In governing the company on behalf of its shareholders and discharging their duties under section 172, the board has had regard to the factors set out in section 172 (see below) and other factors which the board considers appropriate. Matters identified that may affect the company’s performance in the long term are set out in the principal risks disclosed in the strategic report below. Section 172 factors Section 172 requires directors to have regard to the following in performing their duties, and as part of the process are required to consider, where relevant: a. The likely long-term consequences of the decision. b. The interests of the company’s employees. c. -
Obama Vows Help As BP Sees Oil Spill Progress 5 June 2010, by Allen Johnson
Obama vows help as BP sees oil spill progress 5 June 2010, by Allen Johnson As Obama promised assistance, oil spill-stricken Gulf of Mexico residents anxiously awaited news about BP's latest effort to contain the massive leak, now the worst environmental disaster in US history. The firm has lowered a containment vessel over a leaking ruptured well-pipe allowing oil to collect and be siphoned up via a tube to the Enterprise, a container ship on the surface. The US official overseeing the response to the spill, Marine One with US President Barack Obama aboard Admiral Thad Allen, was to provide an update on and a second support helicopter fly to New Orleans after the process at 1445 GMT, amid uncertainty about Obama met with local business owners and residents in just how much oil was being collected. Grand Isle, Louisiana. US President Barack Obama has promised to use "every resource" to help those affected "The flow of oil and gas to the Enterprise was shut by the Gulf of Mexico oil spill, as Americans await news down for three hours overnight," said Coast Guard of BP's latest containment effort. spokesman First Class Petty Officer Zach Zubricki. "It resumed at 3:30 am (0730 GMT)," he told AFP, saying he had no information on how much oil was US President Barack Obama promised on being captured. Saturday to use "every resource" to help those affected by the Gulf of Mexico oil spill, as An estimated 20 million gallons of crude has Americans awaited news of BP's latest poured into the Gulf since an April 20 explosion containment effort. -
Ethecon Black Planet Award 2010
ethecon Black Planet Award 2010 On the bestowal of the International ethecon Black Planet Award 2010 on Tony Hayward, Bob Dudley, Carl-Henric Svanberg, other responsible executives and the major shareholders of the oil- and energy corporation BP/Great Britain Cover Photo The photo depicts a BP company press conference covering the oil disaster in the Gulf of Mexico in the summer of 2010 which took place in front of the seat of the US government, the White House in Wash- ington. At the microphone is chairman of the board Carl-Henric Svanberg, behind him former CEO Tony Hayward (left) and the CEO-designate Bob Dudley (second from left). Publisher Donations Account ethecon EthikBank Germany Foundation Ethics & Economics IBAN DE 58 830 944 95 000 30 45 536 Wilhelmshavener Straße 60 BIC GENODEF1ETK 10551 Berlin/Germany GLS-Bank Germany Phone +49 - 30 - 22 32 51 45 IBAN DE05 430 609 67 6002 562 100 eMail [email protected] BIC GENODEM1GLS Chairman of the Board of Directors Dipl. Kfm. Axel Köhler-Schnura (Founder) P.O.Box 15 04 35 40081 Düsseldorf/Germany Schweidnitzer Str. 41 40231 Düsseldorf/Germany Phone +49 - 211 - 26 11 210 Fax +49 - 211 - 26 11 220 eMail [email protected] Printed on 100% recycled paper / edited November 2010 ethecon Foundation Ethics & Economics ethecon Black Planet Award 2010 on Tony Hayward, Bob Dudley, Carl-Henric Svanberg and other responsibles of the BP corporation Table of contents The Blue Planet Project an the two ethecon Awards Speech by Axel Köhler-Schnura ................................................................................................................... 3 ethecon’s statement justifying the bestowal of the Black Planet Award 2010 on BP Responsibles ................................................................................ -
Building DTLA an Architectural Tour with WAYNE THOM Sunday, September 23, 2018 Downtown Los Angeles
THEMEGUIDE Building DTLA An Architectural Tour with WAYNE THOM Sunday, September 23, 2018 Downtown Los Angeles ABOUT WAYNE THOM o Wayne Thom is an internationally renowned architectural photographer famous for his shots of downtown L.A. skyscrapers. o He has worked with preeminent architects including I. M. Pei, A. Quincy Jones, and William Pereira on thousands of projects over his five-decade career. o He was born in Shanghai, grew up in Hong Kong, lived in Vancouver, and was educated in Southern California at Art Center and Brooks Institute. o Thom is a fellow of the American Society of Photographers and was given a Modern Masters Award by L.A. Conservancy. BUNKER HILL Bunker Hill was undeveloped until 1867, when a French Canadian immigrant named Prudent Beaudry bought the land, created a system of pipes and pumps to get water to the summit, and built roads to connect the hill to the developed areas below. He then developed modest structures, followed by Queen Anne mansions, and by the 1890s, Bunker Hill was one of the most luxurious neighborhoods in L.A. (named after a Revolutionary War battle fought in Boston, and won by the British, 100 years before Beaudry named one of his new hilltop streets for it). The Angels Flight funicular was built in 1901, and the early years of the twentieth century saw the construction of apartments and commercial buildings on Bunker Hill. Over the next few decades, as the growth of the streetcar system, the building of the 110 freeway, and the creation of new luxury neighborhoods in Pasadena and to the west inspired the original residents to leave the area, their large homes were divided up into multi-family dwellings. -
United States Department of the Interior Minerals Management Service
CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 1 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 10th OCS Oil and Gas Lease Sale 00087 DEC/QUAL : 09-OCT-1962 Term Date : 09-OCT-1962 Regns : G 11th OCS Oil and Gas Lease Sale Zone 3 00100 DEC/QUAL : 28-APR-1964 Term Date : 28-APR-1964 Regns : G 12th OCS Oil and Gas Sale Zone 2 00118 DEC/QUAL : 01-JAN-1947 Term Date : 14-OCT-1968 Regns : G 1400 CORP. 00622 DEC/QUAL : 10-DEC-1980 Term Date : 22-APR-1982 Regns : P 145 OG HOLDINGS, LLC 03267 4514 Cole Ave. DEC/QUAL : 07-NOV-2012 Suite 600 Term Date : Dallas, TX 75205 Regns : PAYG * * * * * * UNCLASSIFIED * * * * * * CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 2 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 157 OG Holdings, LLC 03271 4514 Cole Avenue DEC/QUAL : 21-DEC-2012 Suite 600 Term Date : Dallas, TX 75205 Regns : PAYG 1982 Drilling Program 00830 Box 6629 DEC/QUAL : 14-NOV-1983 San Antonio, TX 78209 Term Date : 19-JUL-1988 Regns : P 1986 STEA Limited Partnership I 01145 1221 Lamar, Suite 1600 DEC/QUAL : 19-JUN-1987 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G 1987-I STEA Limited Partnership 01253 1221 Lamar, Suite 1600 DEC/QUAL : 24-MAR-1988 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G 1987-VI STEA Limited Partnership 01252 1221 Lamar, Suite 1600 DEC/QUAL : 24-MAR-1988 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G * * * * * * UNCLASSIFIED * * * * * * CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 3 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 1988-I TEAI Limited Partnership 01470 c/o Torch Energy Assoc. -
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling STOPPING THE SPILL: THE FIVE-MONTH EFFORT TO KILL THE MACONDO WELL ---Draft--- Staff Working Paper No. 6 Staff Working Papers are written by the staff of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling for the use of members of the Commission. They are preliminary, subject to change, and do not necessarily reflect the views either of the Commission as a whole or of any of its members. In addition, they may be based in part on confidential interviews with government and non-government personnel. The effort to contain and control the blowout of the Macondo well was unprecedented. From April 20, 2010, the day the well blew out, until September 19, 2010, when the government finally declared it “dead,” BP expended enormous resources to develop and deploy new technologies that eventually captured a substantial amount of oil at the source and, after 87 days, stopped the flow of oil into the Gulf of Mexico. The government organized a team of scientists and engineers, who took a crash course in petroleum engineering and, over time, were able to provide substantive oversight of BP, in combination with the Coast Guard and the Minerals Management Service (MMS).1 BP had to construct novel devices, and the government had to mobilize personnel on the fly, because neither was ready for a disaster of this nature in deepwater. The containment story thus contains two parallel threads. First, on April 20, the oil and gas industry was unprepared to respond to a deepwater blowout, and the federal government was similarly unprepared to provide meaningful supervision. -
Government Officials Mohamed Al Hammadi H.E
Government Officials Mohamed Al Hammadi H.E. Eng. Tarek El Molla Luis Alberto Moreno CEO, Emirates Nuclear Energy Corporation Minister of Petroleum, Egypt President, Inter-American Development Bank Mr. Saad Sherida Al-Kaabi Hon. Paul M. Dabbar (IDB) Minister of State for Energy Affairs, Qatar Under Secretary for Science, US DOE Hon. Lisa Murkowski Ibrahim Al-Muhanna Francis Fannon Chairman, US Senate Consultant & Advisor to Saudi Oil Ministry, Assistant Secretary for the Bureau of Energy Diego Mesa Ministry of Energy, Industry and Mineral Resources (ENR), US DOS Vice Minister of Energy, Colombia Resources Saudi Arabia Thomas R. Hardy H.E. Rocío Nahle García Ayed S. Al-Qahtani Director (Acting), U.S. Trade and Development Secretary of Energy, Ministry of Energy Mexico Director of Research Division, OPEC Agency (USTDA) Nurlan Askarovich Nogaev Hon. John Peter Amewu Hirohide Hirai Minister of Energy, Ministry of Energy, Republic Minister of Energy, Ghana Director-General, Ministry of Economy, Trade of Kazakhstan Minister Bento Albuquerque and Industry (METI) Seamus O’Regan Minister of Mines & Energy, Brazil William Hohenstein Minister of Natural Resources, Canada H.E. Mohammad Sanusi Barkindo Director of the Office of Energy and Jeff Radebe Secretary General, OPEC Environmental Policy, U.S. Department of Special Envoy for Energy, South Africa Renata Beckert Isfer Agriculture (USDA) Kadri Simson Deputy Secretary of Oil, Natural Gas and Andrew Kamau Commissioner, European Biofuels, MME, Brazil Principal Secretary, State Department of Commission for Energy Dr. Fatih Birol Petroleum, Ministry of Petroleum and Mining, María Fernanda Suárez Londoño Executive Director, IEA Kenya Minister of Mines and Energy, Ministry of Mines Hon. -
Petroleum News 041308
page IOGCC hosts Alaska gas line panel: 9 Canadians, Alaskans on AGIA Vol. 13, No. 15 • www.PetroleumNews.com A weekly oil & gas newspaper based in Anchorage, Alaska Week of April 13, 2008 • $1.50 ● NATURAL GAS MGM posts Mackenzie success New gas partnership ConocoPhillips, BP form company to build Alaska natural gas pipeline COURTESY MGM ENERGY COURTESY By KRISTEN NELSON Petroleum News Governor, legislators he prospect for an Alaska gas pipeline ratcheted pleased with Denali up several notches April 8 with an announcement Both the governor and lawmakers seemed T by ConocoPhillips and BP that the two were pleased by the BP-ConocoPhillips announce- beginning work on a North Slope gas pipeline, a ment of their joint-venture Alaska North Slope to project they are calling market gas pipeline project, although both the Denali — The Alaska administration and legislators were left wonder- Gas Pipeline. ing where the announcement leaves the Alaska MGM Energy said it believes the natural gas discovery could be Jim Bowles, presi- Gasline Inducement Act process, the state’s effort developed as a satellite of the existing Langley field, improving dent of ConocoPhillips the economics of development. See story on page 3. to jump start a gas pipeline with $500 million in Alaska, and Doug Suttles, president of BP Exploration matching funds in exchange for meeting 20 state (Alaska) said at a joint press conference that the com- “must haves.” B.C. makes industry’s life easier panies expect to spend $600 million through an open Gov. Sarah Palin was briefed April 8 by BP season in late 2010, early 2011. -
Compensation for Economic Loss Following an Oil Spill Incident: Building a New Framework for Thailand
Compensation for Economic Loss Following an Oil Spill Incident: Building a New Framework for Thailand Tidarat Sinlapariromsuk A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy University of Washington 2017 Reading Committee: Donsheng Zang, Chair William Rodgers Sanne Knudsen Usha Varanasi Program Authorized to Offer Degree: School of Law © Copyright 2017 Tidarat Sinlapapiromsuk University of Washington Abstract Compensation for Economic Loss Following an Oil Spill Incident: Building a New Framework for Thailand Tidarat Sinlapapiromsuk Chair of the Supervisory Committee: Associate Professor of Law Dongsheng Zang School of Law The Rayong Oil Spill of 2013 presents a useful example of the catastrophic consequences of a large oil spill in Thailand, consequences that can provide meaningful lessons for industry and government. Many local residents and businesses throughout the coastal communities in Rayong suffered economic loss largely due to damages to natural resources; however, under the existing legal regime, there is no effective comprehensive legal framework that directly and adequately regulates the compensation regimes that handle claims of economic-loss following an oil-spill incident. Equally, as an alternative to litigation, there is no adequate guidance for the regimes handling rapid compensation payments for such type of claims. In the aftermath of the Rayong Spill, the responsible bodies developed the out-of-court compensation program on the fly, struggling to find a proper way to respond to this unprecedented disaster—yet this response was so haphazard that it left some claimants without clear rights to compensation, or, conceivably, it even left them with unfair levels of compensation. -
Upstream Break-Out: Longer Term Investments
BP 2011 Results and Strategy Presentation Upstream break-out: Longer term investments Upstream break-out 0 200km Longer term investments play to our 0 100kmstrengths Mike Daly: EVP, Exploration Andy Hopwood: EVP, Strategy & Integration 0 200km 0 200km 0 200km 0 250km 0 200km1 Good afternoon. I’m Mike Daly, Executive Vice President, Exploration and together with my colleague Andy Hopwood, Executive Vice President, Strategy and Integration, we will take you through some detail about BP’s longer term future. Bob spoke earlier about our resource base and the upcoming projects. I will deal with our exploration and appraisal portfolios. Andy will then cover our position in unconventionals – and how we are adding value to our major gas positions down the value chain. But first a word about BP’s resource base in general. 1 BP 2011 Results and Strategy Presentation Upstream break-out: Longer term investments Cautionary statement Forward-looking statements - cautionary statement This presentation and the associated slides and discussion contain forward-looking statements, particularly those regarding: expected increases in investment in exploration and upstream drilling and production; anticipated improvements and increases, and sources and timing thereof, in pre-tax returns, operating cash flow and margins, including generating around 50% more annually in operating cashflow by 2014 versus 2011 at US$100/bbl; divestment plans, including the anticipated timing for completion of and final proceeds from the disposition of certain BP assets; the expected