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Oil giant BP has reported a slip in first quarter profits. It made $4.9bn (£3bn) in replacement cost profit - profit stripping out the effect of oil and other price movements - for the first three months of this year compared with $5.6bn a year ago. BP is shrinking in size after being forced to sell fields after the oil spill in the Gulf of Mexico in 2010.
Oil giant BP has reported a slip in first quarter profits.
It made $4.9bn (£3bn) in replacement cost profit - profit stripping out the effect of oil and other price movements - for the first three months of this year compared with $5.6bn a year ago.
BP is shrinking in size after being forced to sell fields after the oil spill in the Gulf of Mexico in 2010.
A billionaire in Australia has announced plans to build an "unsinkable" version of the Titanic, 100 years after the original ship sank after hitting an iceberg. The Titanic II, announced on Monday, is expected to retrace the steps of its predecessor with a maiden voyage from England to North America in late 2016. "It is going to be designed so it won't sink", Clive Palmer, a mining and tourism tycoon told reporters. "It will be designed as a modern ship with all the technology to ensure that doesn't happen."
A billionaire in Australia has announced plans to build an "unsinkable" version of the Titanic, 100 years after the original ship sank after hitting an iceberg.
The Titanic II, announced on Monday, is expected to retrace the steps of its predecessor with a maiden voyage from England to North America in late 2016.
"It is going to be designed so it won't sink", Clive Palmer, a mining and tourism tycoon told reporters.
"It will be designed as a modern ship with all the technology to ensure that doesn't happen."
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