A committee of attorneys involved in litigation arising from the 2010 Gulf of Mexico oil spill has made its recommendation for dividing some $700 million in fees among 122 law firms involved in years of complex legal work. Two Louisiana …
After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the towel. “We have withdrawn our …
Companies that drill for oil and gas in U.S. waters should be required to work more closely with rig workers and regulators, as they do in Norway and the United Kingdom, to reduce the risk of accidents, the U.S. Chemical …
BP Plc won’t have to face lawsuits by energy and oilfield service companies over losses they blamed on the U.S. offshore drilling ban imposed after the 2010 Gulf of Mexico oil spill. The court ruling eliminates one of the largest …
General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to …
Clusters of landlocked municipalities more than 100 miles from the Gulf Coast have secured millions of dollars in BP money through settlements designed to compensate local governments for lost tourism dollars and other economic damage from the company’s 2010 oil …
Five years after the worst U.S. offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. But critics say energy companies haven’t developed …
Five years after the nation’s worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new frontier, miles below the …
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 …
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 …