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31 January 2012

[PDF] Sustainable development report - Sakhalin Energy Investment Company Ltd. 2011

Author: Sakhalin Energy Investment Company Ltd.

In 2011, no significant incidents relating to process safety occurred at the Company facilities...[W]e achieved the lowest LTI rate...The Company maintains its active involvement in the United Nations Global Compact...Since last year we have headed...

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Article
16 December 2011

BP announces Cameron settlement over Gulf oil spill [USA]

Author: BBC News

Oil giant BP has agreed a settlement with contractor Cameron International over the Gulf of Mexico oil spill. Cameron was the designer and manufacturer of the blow-out preventer on the Deep Water Horizon project, which failed during the spill. Under...

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2 November 2011

Fight Over Gulf Spill Grows [USA]

Author: Russel Gold, Wall Street Journal

Transocean...which owned and operated the deepwater drilling rig that exploded in the Gulf of Mexico, filed a legal motion...asking the federal court in New Orleans to let the company off the hook for costs related to the cleanup of the roughly 4.9...

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17 October 2011

BP agrees $4bn Anadarko settlement

Author: Michael Stothard, Financial Times

Anadarko...the part-owner of the oil well at the centre of the Gulf of Mexico spill, has agreed to pay BP $4bn to settle all claims relating to the accident last year, which led to the death of 11 workers...The out of court settlement marks the end of...

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Article
17 October 2011

BP to end payments to oil spill fund early [USA]

Author: Sylvia Pfeifer, Michael Stothard, Financial Times

BP will be able to cease its payments into a $20bn compensation fund to help meet claims from last year’s Gulf of Mexico oil spill one year earlier than expected after striking an out-of-court settlement with Anadarko...Anadarko, one of BP’s minority...

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22 July 2011

U.S. delays final report on BP oil spill probe

Author: Ayesha Rascoe, Reuters

A U.S. team probing the causes of last year's massive BP oil spill has delayed the release of its final report in order to more fully weigh the evidence, investigators said...The government's findings on the spill that killed 11 workers and ravaged...

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Article
15 July 2011

BP Well Partner Must Take Claims to Arbitration, Judge Rules [USA]

Author: Allen Johnson Jr., Margaret Cronin Fisk, Bloomberg

BP...can halt litigation with minority business partner Anadarko...so the companies can arbitrate liability over costs of last year’s oil- well blowout in the Gulf of Mexico, a judge said. Anadarko sued BP, asking a federal judge in New Orleans to...

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Article
1 June 2011

[PDF] Piloting Principles for Effective Company-Stakeholder Grievance Mechanisms: A Report of Lessons Learned

Author: Caroline Rees, Corporate Social Responsibility Initiative, Harvard Kennedy School, on behalf of UN Special Representative on business & human rights John Ruggie

This report sets out key lessons learned from a pilot project conducted in 2009-2010 to test the practical applicability of a set of principles for effective non-judicial grievance mechanisms...involving businesses and their stakeholders. The...

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Article
20 May 2011

BP agrees to $1 billion settlement with Moex [USA]

Author: Associated Press

Moex…one of BP's minority partners in the blown-out Deepwater Horizon well, has agreed to pay the British oil company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico. BP said…that it would continue to...

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Article
5 May 2011

[Letter to UN Special Representative on business & human right John Ruggie] [PDF]

Author: Andrei Galaev, CEO, Sakhalin Energy

I would like to commend your achievements in clarifying the corporate responsibility to respect human rights in particular, and providing a really practical guide for companies such as ours in their efforts to meet this responsibility...We can attest...

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