Anadarko Petroleum Corp. will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …
Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …
Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. The joint Coast Guard …
BP reported yet another pipeline leak at its Alaskan oilfields, frustrating the oil giant’s attempts to rebuild its reputation after the Gulf of Mexico oil spill. BP said on Monday that a pipeline at its 30,000 barrel per day Lisburne …
BP struck a key victory in its battle to share the cost of the Gulf of Mexico oil spill when partner Mitsui & Co. agreed on Friday to pay $1.1 billion towards the clean-up bill and possibly billions more in …
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, …
BP Plc filed a lawsuit for more than $42 billion against Halliburton, which cemented the blown-out well which caused the Gulf of Mexico oil spill, after claiming a similar sum from rig owner Transocean. Analysts said BP had little chance …
Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not ruled out Analysis shows how $50 billion could be added to cost …
BP Chief Executive Bob Dudley has stepped up his battle to rebuild the troubled oil giant’s reputation, declaring safety is so core to the group that it would be the sole measure for staff bonuses in the last quarter of …
U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to drill offshore, an industry executive said. BP’s oil spill …
