Billions at Stake as BP Oil Spill Trial Enters Next Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its …
BP Oil Spill Claims Deadline Likely to Be Extended
The April 2014 deadline for compensation claims against BP over its U.S. oil spill is almost certain to be extended, say both side of the legal settlement that governs payouts, possibly into 2015. The last date for claims, part of …
BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B
BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter. The payouts, the scale of which BP is …
BP Using Advertising to Fight Gulf Oil Spill Claims Formula
Britain’s BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appeal court hearing in the …
U.S. Accountants Group Backs BP on Curbing Oil Spill Payouts
A group of U.S. accounting professors is backing BP’s fight to rein in compensation it has to pay for the 2010 Gulf of Mexico oil spill, which is threatening to add billions of dollars to its growing bill for the …
BP Hit By Wave of Gulf Oil Spill Claims As Deadline Approaches
BP Plc has been hit by more than 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government bodies rushed to stake their claim before their right …
BP Challenges ‘Absurd’ Oil Spill Claims
BP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss basis. In a New Orleans court filing, BP gave examples …
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” …
More to Explore for Doha World Trade Deal, EU Says
The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there were still avenues of negotiation to explore after 10 years of trying. In a presentation to a key meeting …