BP oil spill News

Halliburton in Talks Over Gulf Oil Spill Settlement, Takes Charge

Halliburton Co. is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax …

Florida Man Guilty of $1.2M BP Oil Spill Claims Fraud

A South Florida man is facing a potentially lengthy prison sentence after a jury convicted him of attempting to defraud the BP oil spill claims fund out of $1.2 million. A jury on Tuesday convicted 32-year-old Jean Mari Lindor of …

BP Balks at Oil Spill Price Tag Sought by States

BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems “substantially” …

BP, States May Still Be Far Apart Over Oil Spill Deal

It is a question that has lawyers and many others on the U.S. Gulf coast buzzing: Will BP strike a massive deal to settle the remaining claims over the Gulf of Mexico well blowout? BP could be nearing a settlement …

BP Oil Spill Settlement Payments Exceed $1B Mark

Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick …

Transocean to Pay $1.4 Billion to Settle Charges from BP Oil Spill

Transocean Ltd agreed to pay $1.4 billion to settle U.S. government charges over BP Plc’s massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transocean, which …

Gulf States Pressure Obama Over BP Spill Settlement Funds

Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth …

Louisiana Senator Blasts BP, Coast Guard Over Spill Cleanup

Louisiana’s Republican U.S. senator recently blasted oil giant BP PLC 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. U.S. …

Isaac Tars Louisiana Beaches with Oil from BP Spill

Two years after the worst offshore oil spill in U.S. history, mats of oily tar from BP Plc.’s ill-fated Macondo well have turned up on Louisiana’s shore after Hurricane Isaac stirred up submerged oil deposits, BP officials said on Tuesday. …

BP Executives Sought to Blame ‘Blue Collar Rig Workers’ for Gulf Oil Spill: U.S.

BP executives wanted to concentrate blame for the Deepwater Horizon oil spill disaster on “blue collar rig workers” in order to save themselves, U.S. government lawyers wrote in a court document that until Thursday was partially redacted. According to the …