Gulf oil spill News

BP to Ask UK Government to Intervene on Gulf Spill Payments: BBC

British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, the BBC reported Thursday. BP is still fighting …

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 …

New Gulf Oil Spill Claims Process to Begin

Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed administrator Patrick Juneau, will open 18 intake centers …

Misuse of BP Oil Spill Funds Prompts Changes by Florida County

Amid a criminal investigation into the alleged misuse of funds paid by BP after the 2010 Gulf oil spill, a Panhandle county made big changes this week in the way it oversees spending for promotion of the area’s world-famous beaches. …

BP’s $7.8 Billion Gulf Oil Spill Settlement 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 …

Gulf Oil Spill Commission Criticizes Congress for Inaction

A presidential commission that investigated the Gulf oil spill blasted Congress for inaction in its report card on industry and government response to the massive BP oil spill. “Across the board, we are disappointed with Congress’s lack of action. Two …

Judge Extends Deadline for BP Oil Spill Settlement

A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil spill more time to file details of their proposed settlements. U.S. District Judge Carl Barbier …

U.S. to Give BP Evidence on Size of Gulf Oil Spill

BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company’s liability. According to a …

BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill

BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability. A reduction in the size …

Oil Spill Panel to Issue Drilling Safety Report

The seven-member commission selected by President Barack Obama to investigate the Gulf oil spill is getting back together. This time, it will press for action to improve drilling safety. The re-formed group said it plans to issue a report card …