Latest news with #BP
Business Times
2 hours ago
- Business
- Business Times
Seatrium posts S$21.3 billion Q1 net orderbook
[SINGAPORE] Seatrium recorded net orderbook wins amounting to S$21.3 billion as at March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025, and they have a contract value of S$387 million, the offshore and marine specialist said on Thursday (May 29) in its Q1 business update. Projects relating to renewables and green or cleaner solutions had a contract value of S$7.1 billion, it said. During the quarter, the company completed 45 vessel repairs and upgrades projects. These included two carbon capture and storage retrofits, repairs and upgrades for six cruise ships, two liquefied natural gas carriers and three offshore vessels. The group had a stable order pipeline for oil and gas projects, driven by an increased focus on energy security and strong energy demand. It signed a memorandum of understanding with BP Exploration & Production – a subsidiary of BP – for a deepwater floating production unit (FPU) in the Gulf of Mexico, extending its collaboration with BP on an earlier FPU project. Seatrium also secured a contract to supply equipment and a licence to build a jack-up rig in the Middle East and North Africa region. Offshore commissioning works are underway for the revolution wind offshore substations, with a unit slated to complete by June this year. In January, it won a contract for engineering, procurement and construction works on a 5,000 tonne heavy lift vessel for Penta-Ocean Construction, marking its maiden entry into the Japanese offshore wind market. The counter ended Wednesday 0.5 per cent or S$0.01 higher at S$2.06.
Yahoo
4 hours ago
- General
- Yahoo
Wanted Rockford woman arrested after leading officers on a chase
LOVES PARK, Ill. (WTVO) — Loves Park Police arrested Jessica Goelz, 34, for allegedly leading officers on a car chase. On May 27, around 8 p.m., officers were patrolling the area of Harlem and Alpine Roads when they saw a black Kia Forte that abruptly turned into a BP gas station upon being followed. Authorities were able to determine that the driver, Goelz, had an expired license and was wanted for not appearing in court. Officials attempted to stop the suspect's car, but she pulled away onto North Alpine. She made a series of turns, all while speeding 40 miles per hour over the limit, according to court records. Officers stopped pursuing the vehicle at that time. About three hours later, police found Goelz in the 5900 block of Weymouth Drive and took her into custody. Goelz was charged with aggravated fleeing from police while going 21 miles per hour or more over the limit. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Insider
8 hours ago
- Entertainment
- Business Insider
A complete timeline of Kevin Costner's controversies, from his messy divorce to a 'Horizon' lawsuit
Costner's career suffered in 1995 thanks to the critical and box-office disaster that was "Waterworld." Costner starred in, produced, and later took over directing duties for the postapocalyptic action film "Waterworld," which made headlines before its release thanks to its ballooning budget, which made it one of the expensive movies of its day. Production setbacks, on-set injuries (including one sustained by Costner himself), and a natural disaster that destroyed an important set all inflated the final cost to a then-record $175 million. When the film landed in theaters, the critical consensus was that it was also one of the worst movies ever made. Costner, who personally invested $22 million into the film, lost more than just money in the aftermath of the box office flop. His career took a downward turn that continued with the release of his second directorial effort, "The Postman," two years later in 1997. That film collected a handful of Razzies, including Worst Actor and Worst Director. Costner made an enemy of the Lakota Sioux following the release of "Dances With Wolves." "Dances With Wolves," Costner's 1990 Oscar-winning directorial debut, was praised for its attempt to portray Native American people and their culture more authentically than previous Western films. Costner also found himself embraced by the Lakota Sioux nation, whom he enlisted to fill out his cast of Native American characters. But five years after the film was released, the New York Times reported that the Lakota Sioux had felt "betrayed" by Costner after he put forward a proposal to build a casino, golf course, and resort on National Forest land in Deadwood, South Dakota, an area which they consider sacred. Costner and his brother and business partner, Dan Costner, offered to swap a 600-acre parcel of land 10 miles away for the land they were seeking, something the tribe resisted. While the Costners did acquire land in South Dakota to build their resort, it never materialized and the pair put the 1,000 acres of land on sale for $14 million in 2013. However, it's not completely in the past. Costner is still involved in a decadeslong legal battle with an artist whom he commissioned to create a bronze sculpture for the failed resort. Stephen Baldwin brought a lawsuit against Costner in 2012 and accused him of cheating him out of millions of dollars. After the Deepwater Horizon oil spill in the Gulf of Mexico in 2010, Costner was forced to defend himself in court against accusations that he cheated Stephen Baldwin out of millions of dollars. The federal lawsuit brought against Costner by Baldwin and his business partner, Spyridon C. Contogouris, claimed that Costner hid details of a lucrative deal with BP before they sold their stake in Costner's company that created centrifugal oil-water separators. Baldwin and Contogouris sought $17 million in damages, stating they could have made at least that much in the deal. After a two-week trial, the jury sided with Costner and they got nothing. Costner left "Yellowstone" before it ended following rumors of a behind-the-scenes feud with cocreator Taylor Sheridan. The behind-the-scenes drama of "Yellowstone" drew just as much attention as its on-screen action toward the end of its five-season run. After reports began to circulate in early 2023 that Costner had clashed with Taylor Sheridan, the "Yellowstone" showrunner, over shooting schedules, the Paramount Network announced in May 2023 that the series' fifth season would be its last. Before the final episodes — which promptly killed off Costner's character — began airing in late 2024, things got ugly in the press. It was alleged that Costner offered to spend only a week on set for the final episodes, while Costner claimed that Sheridan dragged his feet with the scripts, leaving him no option but to opt out. The Oscar winner even said at one point that he would "probably go to court" with the show's producers over his final paycheck, but as of 2025, that lawsuit hasn't materialized. The actor's messy legal separation from his second wife turned into tabloid fodder in 2023. Costner and Christine Baumgartner's divorce proceedings played out in the public eye throughout 2023, after Baumgartner filed for divorce, citing "irreconcilable differences" after 18 years of marriage. The two battled it out in court over child support payments, their home, the terms of their prenup, and even household items like a Peloton and cutlery — and all of their disagreements were dissected by the public. The interest in their divorce was fueled by jabs made by their respective lawyers in filings: Baumgartner's lawyers cast doubts on whether Costner had been faithful during their marriage. Costner's camp claimed Baumgartner inflated her child support payment request to cover $188,000 worth of plastic surgery. The two appeared to be headed for a contentious trial until they reached an undisclosed settlement agreement in September 2023. Costner mortgaged his house to fund his first "Horizon" movie. It became one of the biggest box-office flops of 2024. Part of the reason Costner couldn't continue his commitments to "Yellowstone" toward the end of its run was because of production on his own Western film franchise, " Horizon," which was originally conceived as four feature-length films that would be released in the space of a year. However, following the first film's disappointing box office performance upon its release in June 2024, the scheduled release date of the second film was pushed back from August 2024. It still hasn't been released. To get "Horizon" made, Costner mortgaged his property in Santa Barbara and invested $38 million of his own money. Costner and his undisclosed financial backers are also covering the first film's marketing, which Variety estimated cost $30 million. The self-financing route was a huge gamble, and one that it appears Costner is still paying off. As it stands, "Horizon: An American Saga - Chapter 1" has made $38 million at the global box office, meaning it hasn't yet made a profit. In May 2025, Costner and his "Horizon 2" producers were sued by a stunt performer who says she was made to perform an impromptu rape scene. In a lawsuit filed in California on Tuesday and viewed by Business Insider, Devyn LaBella accused the actor-director, the production companies behind his "Horizon" film series, and 10 additional unnamed individuals involved in producing "Horizon: An American Saga — Chapter 2" of breach of contract and sexual harassment. In the suit, LaBella, who was the stunt double for actor Ella Hunt, said that she was made to perform in a "violent unscripted" rape scene without the required notice and consent and without a mandatory intimacy coordinator present. She also said it was an open set, allowing "anyone" to walk in and "observe the scene being performed." "I was left exposed, unprotected, and deeply betrayed by a system that promised safety and professionalism," LaBella told The Hollywood Reporter, which broke the news Tuesday.
Economic Times
9 hours ago
- Business
- Economic Times
BP's Castrol business draws interest From Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to people with knowledge of the has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management and Stonepeak Partners, the people said, asking not to be identified because discussions are private. The business could fetch between $8 billion and $10 billion in a deal, the people said. The suitors would join the world's biggest energy company, Saudi Aramco, in considering bids for all or part of the business. The process is still in the early stages, with initial bids expected in several weeks, so price and outcome remain open, the people said. Some suitors could team up as well. Meanwhile, bankers are considering providing around $4 billion-equivalent of debt to back potential bids for the unit, according to people familiar with the matter. The financing is expected to be denominated in different currencies including euros and dollars to maximize liquidity, and will possibly be made up of leveraged loans and high yield bonds, they added. It is one of the few buyout financings expected to hit the market this year and is likely to garner attention from bankers looking and investors alike. As part of a major corporate revamp, BP started a strategic review of the Castrol-branded business. Activist investor Elliott Investment Management has emerged as one of the company's largest shareholders and has been pressing management to make bolder changes. BP's big strategy reset is already looking shaky due to lower oil prices. This could raise pressure on the company for successful asset sales. The Castrol business includes lubricants for autos and industries, and it has been developing liquid cooling technology for artificial intelligence data centers. Its operations in fast-growing markets like India are particularly interesting to Reliance and Aramco, some of the people said.
Time of India
9 hours ago
- Business
- Time of India
BP's Castrol business draws interest From Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds , according to people with knowledge of the matter. BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management and Stonepeak Partners, the people said, asking not to be identified because discussions are private. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo The business could fetch between $8 billion and $10 billion in a deal, the people said. The suitors would join the world's biggest energy company, Saudi Aramco , in considering bids for all or part of the business. The process is still in the early stages, with initial bids expected in several weeks, so price and outcome remain open, the people said. Some suitors could team up as well. Live Events Meanwhile, bankers are considering providing around $4 billion-equivalent of debt to back potential bids for the unit, according to people familiar with the matter. The financing is expected to be denominated in different currencies including euros and dollars to maximize liquidity, and will possibly be made up of leveraged loans and high yield bonds, they added. It is one of the few buyout financings expected to hit the market this year and is likely to garner attention from bankers looking and investors alike. As part of a major corporate revamp, BP started a strategic review of the Castrol-branded business. Activist investor Elliott Investment Management has emerged as one of the company's largest shareholders and has been pressing management to make bolder changes. BP's big strategy reset is already looking shaky due to lower oil prices. This could raise pressure on the company for successful asset sales. The Castrol business includes lubricants for autos and industries, and it has been developing liquid cooling technology for artificial intelligence data centers . Its operations in fast-growing markets like India are particularly interesting to Reliance and Aramco, some of the people said.
