BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...

BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...

About 400 government employees investigated by the state of Illinois improperly tapped a federal pandemic relief fund program meant to keep small businesses afloat — part of a nationwide wave of ...

TechnipFMC has won a large contract for work on BP’s Tiber development in the US Gulf, the UK supermajor’s second project in the region to deploy technology that can handle 20,000 pounds per square ...

Small Business Administration (SBA) Administrator Kelly Loeffler said Thursday that her agency has suspended “6,900 Minnesota borrowers” over suspected fraudulent activity regarding pandemic-era ...

The Indian government is demanding over $30 billion in compensation from Reliance Industries and BP for their failure to produce contracted gas volumes from two offshore fields, Reuters reported today ...

The Small Business Administration is halting federal funding to Minnesota as it probes potential fraud in the state, the head of the agency announced Monday. “SBA is pausing annual funding to ...

The Small Business Administration (SBA) announced Thursday that it suspended 6,900 Minnesota borrowers after uncovering what it says is widespread suspected fraud. SBA Administrator Kelly Loeffler ...

The U.S. Small Business Administration (SBA) is suspending almost 7,000 Minnesota borrowers over “suspected fraudulent activity” and blocking them from all other loan programs. The announcement was ...

Small Business Administration (SBA) head Kelly Loeffler said Monday that her department is halting annual grants to Minnesota, amid an investigation into alleged fraud in COVID-era lending programs.

Thousands of pandemic-era loan borrowers in Minnesota have been suspended for suspected fraud, U.S. Small Business Administration's Kelly Loeffler announced Thursday night. Loeffler says 6,900 ...

Small Business Administration Administrator Kelly Loeffler announced the halt of all agency grants to Minnesota amid explosive revelations of widespread fraud among the Somali community. After a viral ...