Mississippi Attorney General Jim Hood filed a lawsuit Tuesday to force Kenneth Feinberg, administrator of BP’s $20 billion fund for Gulf Coast oil spill compensation, to release documents it says it needs to ensure claimants are adequately compensated. The complaint …
Authorities will keep up pressure on BP Plc to ensure it fully compensates victims of last year’s Gulf of Mexico oil spill, Florida Republican Senator Marco Rubio said Monday after the company indicated it wants to limit future claims. Last …
The fund oil firm BP set up to deal with compensation claims after last year’s Gulf of Mexico oil spill is working too slowly, U.S. Attorney General Eric Holder said Thursday. The fund is not sufficiently transparent and requires too …
A U.S. appeals court sided with BP Plc in a securities fraud lawsuit arising from a 2006 Alaska oil spill, but the case isn’t over. BP discovered two oil spills in Prudhoe Bay, Alaska, in 2006, and a corporate subsidiary …
Transocean Ltd , the owner of the oil drilling rig that exploded and sank in the Gulf of Mexico last year, blamed BP Plcin a report released Wednesday for decisions that led to the disastrous oil spill. Transocean and BP …
BP has reached agreement with Weatherford U.S., L.P. to settle potential claims between the companies related to the Deepwater Horizon accident. Under the agreement, Weatherford, which manufactured the float collar used in the well, will pay $75 million. BP said …
Transocean Ltd has had high-level talks with BP Plc about last year’s Gulf of Mexico oil well disaster, for which it believes BP is responsible for the damages, an executive said Tuesday. Asked about last week’s deal between well operator …
A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, a captive of BP plc, …
BP has agreed to pay a $25 million civil penalty, as well as spend $60 million on enhanced safety measures, to settle a federal probe of a pipeline oil spill on Alaska’s North Slope in 2006, the U.S. government said. …
On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation. The oil giant last June established a $20 billion compensation fund for victims such as …
