BP News

US Senate Panel Gets Earful on Oil Spill Aftermath

Nearly 15 months after the massive BP oil spill blighted the Gulf of Mexico and beaches across the southeast, Florida’s top agriculture official said Monday that an untold number of residents whose livelihoods were disrupted have not yet been compensated. …

BP Accused of Trying to Disengage from Oil Spill

Authorities will keep up pressure on BP Plc to ensure it fully compensates victims of last year’s Gulf of Mexico oil spill, Florida Republican Senator Marco Rubio said Monday after the company indicated it wants to limit future claims. Last …

BP Reaches Deal with Weatherford Over Gulf Oil Spill Costs

BP has reached agreement with Weatherford U.S., L.P. to settle potential claims between the companies related to the Deepwater Horizon accident. Under the agreement, Weatherford, which manufactured the float collar used in the well, will pay $75 million. BP said …

Mitsui to Pay Share of BP’s Gulf Spill Cleanup

BP struck a key victory in its battle to share the cost of the Gulf of Mexico oil spill when partner Mitsui & Co. agreed on Friday to pay $1.1 billion towards the clean-up bill and possibly billions more in …

Utility Denies Causing Outages in Texas Town

A utility serving refineries and chemical plants in Texas that shut down when electricity was lost says it’s not the source of the outages. Three Texas City refineries, including a BP unit where a 2005 explosion killed 15 people, and …

Report: Transocean Contributed to Gulf Disaster

Flaws in Transocean Ltd.’s emergency training and equipment and a poor safety culture contributed to the deadly Deepwater Horizon drilling rig explosion that led to the Gulf oil spill, according to a Coast Guard report released Friday. The report centered …

Lawsuits Fly in BP’s Gulf Spill Blame Game

A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster. BP has sued Transocean Ltd, …

Feinberg Defends BP Claims Fund Even As It Faces Legal Challenges

On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation. The oil giant last June established a $20 billion compensation fund for victims such as …

Oil Spill Claims Paid Total $3.8 Billion

Missing BP Laptop Had Personal Data of Claimants

A BP employee lost a laptop containing personal data belonging to thousands of Louisiana residents who filed claims for compensation after the Gulf oil spill, a company spokesman said Tuesday. BP spokesman Curtis Thomas said the oil giant on Monday …