Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …
The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion on the Deepwater Horizon rig that killed 11 workers and spewed more than 4 million barrels of oil into the …
Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of Mexico and Montara oil spills, regulators said at a two-day conference on safety in the sector. The issue has come …
The city of Orange Beach has reached a settlement with BP PLC over lost revenues stemming from last year’s Gulf oil spill, with the oil giant agreeing to pay $1.27 million for lodging and retail revenues the coastal town didn’t …
The United States heaped the lion’s share of blame for the country’s biggest ever offshore oil spill on BP Wednesday as the government issued its final assessment of last year’s Gulf disaster. In a report that may be pivotal in …
BP PLC is sending cleanup crews back to Fourchon Beach because erosion from Tropical Storm Lee unearthed miles of tar balls, tar mats and abandoned cleanup equipment left from last year’s oil spill. Six task forces – 90 workers and …
A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case — encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a …
A Houma man has been sentenced to one year in prison for fraudulently receiving money from the $20 billion claims fund that BP PLC established after the Gulf of Mexico oil spill. U.S. District Judge Jay Zainey also on Tuesday …
An independent audit will be performed on the $20 billion fund set up to compensate victims of last year’s BP oil spill in the Gulf of Mexico, Attorney General Eric Holder announced Wednesday. In a letter to the fund’s administrator, …
BP reported yet another pipeline leak at its Alaskan oilfields, frustrating the oil giant’s attempts to rebuild its reputation after the Gulf of Mexico oil spill. BP said on Monday that a pipeline at its 30,000 barrel per day Lisburne …