BP Battles for Billions in New Gulf Trial Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its …
Commentary: Oil Spill Mitigation Failure and the Impact on the Insurance Industry
Governments and the oil spill industry cannot effectively and ethically mitigate oil spills on the ocean, and this fact has a strong negative impact on the insurance industry. Significant oil spills are still common in the U.S. even though they …
BP Misconduct Claims on Payments Unfounded, Claims Chief Says
BP Plc’s allegations of misconduct in the program set up to pay claims in the settlement over the 2010 Gulf of Mexico oil spill were called unfounded by the administrator of the program. Patrick Juneau, the administrator, yesterday asked U.S. …
Halliburton Plea May Help BP in Spill Liability Battle
BP Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of its arguments that tried to paint the British oil company as unconcerned about well …
BP Steps Up Spill Payments Protest With Ad Campaign
BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appeal court hearing in the United …
Lawyer Accused of Misconduct Resigns From BP Case
A lawyer working for the administrator overseeing a multibillion-dollar settlement from the 2010 BP oil spill in the Gulf resigned Friday after being accused of misconduct. Lionel H. Sutton III resigned Friday morning, Nick Gagliano, a spokesman for court-appointed administrator …
Accounting Professors Back BP in Oil Spill Payouts Battle
A group of U.S. accountancy professors is backing BP’s fight to rein in compensation it has to pay for the 2010 Gulf of Mexico oil spill, which is threatening to add billions of dollars to its growing bill for the …
Florida Counties Upset Over ‘Triumph Gulf Coast’ Bill
A consortium of eight Gulf Coast counties is raising an alarm about a Florida Senate bill that creates a nonprofit board to manage money from settlements from the 2010 Gulf of Mexico oil spill. The Gulf Consortium met Monday to …
Halliburton Posts 1Q Loss on Litigation Charges
Halliburton Co. said Monday that it lost money in the first quarter after adding $637 million to the reserve it has to cover litigation over the 2010 Gulf of Mexico oil spill. It’s also in talks to settle most claims …
BP Claims Chief Says $332M Being Paid in Florida
The administrator of a class action settlement between petroleum giant BP and oil spill claimants said Tuesday that more than 34,000 Florida businesses and individuals so far have been approved to receive $332 million. Patrick Juneau was in Tallahassee to …