Gulf oil spill damages News

Plaintiffs, BP Urge Judge to Approve $7.8 Billion Oil Spill Settlement

BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday urged a U.S. judge to approve a proposed $7.8 billion class-action settlement. U.S. District Judge …

Shrimp Processors Object to BP Oil Spill Settlement

Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc’s proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the shrimp industry. The …

BP Proposes Gulf Oil Spill Claims Settlement, Trial Delay

BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The London-based …

BP Gulf Oil Spill Settlement Includes Medical Claims Process

A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the disaster. Government and university …

BP’s Potential Pricetag for Gulf Oil Spill

BP Plc struck a deal on Friday to pay an estimated $7.8 billion to settle claims from individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. But BP and its partners in the ill-fated Macondo well still …

Complex Trial Over Blame for Gulf Oil Spill Set to Open

It could be the ultimate case for passing the buck. A massive trial over the 2010 Gulf of Mexico oil spill heads for a New Orleans federal courtroom on Monday, to determine how much BP Plc and others should cough …

Mitsui Unit to Pay $90 Million Over Gulf Oil Spill

Mitsui & Co. Ltd.’s MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving the BP Plc Macondo well. …

BP Must Cover Some Transocean Gulf Oil Spill Damages

A federal judge on Thursday said BP Plc must indemnify Transocean Ltd. for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier, who oversees multistate litigation over the spill, agreed with Transocean …

2 Oil Spill Claims Offices in Panhandle Close

Two oil spill compensation offices in the Florida Panhandle are closing. The Pensacola and Panama City Beach offices of the Gulf Coast Claims Facility closed Tuesday. Offices in Fort Walton Beach and Apalachicola will remain open, as will offices farther …

Judge Allows Alabama, Louisiana to Seek Punitive Damages in Oil Spill

A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year’s Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl Barbier …