BP News

BP, U.S. Justice Department Close to Oil Spill Settlement

BP PLC and the U.S. Justice Department are close to a broad deal that would release the company from additional civil and criminal liabilities arising out of 2010 Deepwater Horizon disaster, the Wall Street Journal reported, citing people familiar with …

Louisiana Senator Blasts BP, Coast Guard Over Spill Cleanup

Louisiana’s Republican U.S. senator blasted oil giant BP PLC on Tuesday for what he called its attempt to run from its full cleanup responsibilities for the nation’s worst offshore spill, the 2010 disaster that left the Gulf Coast heavily oiled. …

BP Agrees to Relax Requirements for Claims

BP has agreed to relax several documentation requirements regarding the submission of claims filed after the 2010 oil spill in the Gulf of Mexico. Plaintiffs’ attorney Steve Herman and Jim Roy said in a statement Tuesday that the changes will …

BP Pays $1.5M in Claims to Date in Gas Recall

BP has paid more than $1.5 million in claims arising from a multistate recall of incorrectly formulated gasoline that damaged some vehicles’ mechanical components. The Times of Munster reports information BP sent to Indiana’s attorney general says the company had …

BP Pays $13M to Settle Texas Refinery Safety Probe

BP Plc on Thursday agreed to pay $13 million to settle safety violations at its Texas City, Texas, refinery, paving the way for a sale of the refinery by the London-based energy company. The settlement struck with the U.S. Occupational …

GAO Urges More Research on Oil Spill Dispersants

The Government Accountability Office says more research is needed on possible environmental problems that could result from using dispersants to break up an oil spill, as BP PLC did after the disastrous 2010 spill in the Gulf of Mexico. The …

BP’s $7.8B Gulf Spill Pact Wins Initial Court OK

BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. The accord comprises two agreements, including one that covers …

BP’s $7.8B Deal May Speed Payments for U.S. Spill

The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. …

BP Wins Spill Trial Ruling, Old Accidents Kept Out

BP Plc won a court order to keep references to some previous accidents out of this month’s trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil copany’s second victory in as many days to bar …

BP Wins Exclusion of Emails From Oil Spill Trial

BP Plc won a court order keeping several potentially damaging emails out of a scheduled trial to determine responsibility for the 2010 Gulf of Mexico oil spill. Wednesday’s ruling by U.S. Magistrate Judge Sally Shushan in New Orleans came a …