BP’s strategy after the Deepwater Horizon tragedy: Go deeper. BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that …
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 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 …
A Columbia, Miss., man is under federal indictment for allegedly filing $10,000 worth of false claims for Deepwater Horizon oil spill relief funding. The Clarion-Ledger reports Jermaine Ball is charged with a separate felony for each of the $5,000 checks …
On the day the Deepwater Horizon sank, BP officials warned in an internal memo that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a …
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 …