BP has abruptly switched legal strategies—again—in the multibillion-dollar liability fight stemming from the April 2010 Gulf of Mexico oil spill. The company dropped a campaign to oust a settlement administrator it had accused of tolerating waste and fraud. The move …
BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines. In January, U.S. District Judge Carl Barbier in …
BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …
The latest phase of a trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill — which could reach $13.7 billion — ended on Feb. 2, but a decision …
An energy company that invested in the ill-fated Macondo well in the Gulf of Mexico is arguing in court that it should not face steep federal penalties for the 2010 BP oil spill. The government has suggested a penalty of …
Legal battles arising from the 2010 Gulf of Mexico oil spill play out in two federal courtrooms in New Orleans this coming week. On Monday, trial resumes in a federal district courtroom where BP and a minority partner in its …
It was oil giant BP’s turn on Monday to call witnesses as it made its case for a civil penalty lower than the $13.7 billion the U.S. government is seeking for the 2010 Gulf of Mexico oil spill. The second …
A financial expert testifying for the government Friday said BP is financially able to pay a Clean Water Act penalty as high as $13.7 billion – the maximum federal authorities are seeking from the oil giant for the 2010 Gulf …
Last week’s ruling that BP Plc’s Macondo well dumped less oil into the Gulf of Mexico than the U.S. government claimed may trigger a settlement before a decision on the amount it must pay after a trial set to begin …
A federal appeals court has refused to reconsider its 2014 ruling that BP cannot avoid federal penalties for the 2010 Gulf of Mexico oil spill by blaming another company’s failed equipment. The 5th U.S. Circuit Court of Appeals voted 7-6 …