BP is likely to agree to pay the U.S. Department of Justice $20-$25 billion to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company …
Tar balls washed onto Gulf of Mexico beaches by Tropical Storm Lee earlier this month show that oil left over from last year’s BP spill isn’t breaking down as quickly as some scientists thought it would, university researchers said Tuesday. …
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, …
A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the Gulf’s rich and complex …
When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was leaking into the ocean. They were wrong. The disaster that captivated the world’s attention for …
Executives at the offshore drilling contractor at the center of last year’s Gulf of Mexico oil spill are donating bonuses they got for the company’s safety record last year. The decision came several days after Transocean Ltd. disclosed the bonuses …
The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a proposal released earlier this month. …
Mississippi Gov. Haley Barbour said that the Gulf Coast oil spill occurred because the companies involved deviated from industry standards, not because of the inherent risk of drilling offshore. “I think the biggest lesson learned from the Gulf oil spill …
