Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source familiar with the matter said on Thursday. The settlement includes $1 …
BP is being temporarily suspended from new contracts with the U.S. government, the Environmental Protection Agency says. Two weeks ago, BP agreed to plead guilty to charges involving the deaths of 11 workers on the Deepwater Horizon oil rig, which …
Only about half the businesses and individuals who asked to be excluded from a proposed settlement over BP’s 2010 oil spill submitted valid requests, the company and a team of plaintiffs’ attorneys said in a court filing Monday. A maximum …
Alabama Attorney General Luther Strange says BP’s decision to plead guilty to criminal charges related to the Gulf oil spill strengthens the state’s standing in pursuing a civil case. Strange said there different standards in criminal and civil cases. But …
BP stands convicted of the biggest corporate crime in U.S. history, based on the scale of its punishment. Moving on will not be easy. Having agreed to pay $4.5 billion and wear the label of felon, the British oil company …
BP says it has paid more than $12 million in claims arising from a multistate recall of incorrectly formulated gasoline that damaged some vehicles’ mechanical components. BP spokesman Scott Dean tells The Times of Munster those claims were paid after …
BP Plc will pay a $4 billion penalty and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country’s history, the company said on Thursday. The company will also pay …
With oil becoming scarcer and more expensive, the economics of the industry may finally tip in favour of one of the most neglected areas of its business – the technology for cleaning up oil spills. Despite efforts by scientists to …
BP Plc said a fire that broke out on Tuesday afternoon in a residual hydrotreater at the company’s 400,780 barrel-per-day Texas City, Texas, refinery was extinguished in about 1-1/2 hours and resulted in no injuries. BP spokesman Scott Dean said …
Oil giant BP is asking a federal judge to disregard objections from a fraction of claimants and give final approval to a proposed multibillion-dollar settlement for economic damages from the Gulf spill. BP is joined in the request by plaintiffs’ …