Gulf oil spill News

Louisiana Rig Worker Settles with BP Over Explosion

A Louisiana woman who was a cook on the BP PLC-leased drilling rig that was rocked by a deadly explosion in 2010 has settled her personal-injury claims against the oil giant and other companies involved in the disaster. Oleander Benton’s …

BP Wins Dismissal of Part of Investor Lawsuit Over Gulf Oil Spill

A U.S. federal judge dismissed a large part of a nationwide lawsuit accusing BP Plc and top executives of fraud for misleading shareholders before and after the 2010 Gulf of Mexico oil spill about the oil company’s ability to respond …

BP Preparing ‘Vigorously’ As Start of Gulf Oil Spill Lawsuits Nears

BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains. …

BP Fails to Shift $15 Billion Gulf Oil Spill Costs to Transocean

Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean , increasing the possibility BP may have to foot the entire $42 billion clean up …

Analyst: BP to Agree to $20-25 Billion Gulf Oil Spill Settlement with Justice Dept.

BP is likely to agree to pay the U.S. Department of Justice $20-$25 billion to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company …

Scientists Urge New Approach to Offshore Drilling Safety

U.S. offshore oil and gas drillers need to take a more systematic approach to safety in all aspects of their operations to prevent another catastrophe like last year’s massive Gulf of Mexico oil spill, a scientific panel said on Wednesday. …

BP Accuses Halliburton of Destroying Gulf Spill Evidence

BP Plc accused Halliburton Co. of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish Halliburton. The accusation, in …

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 …

Firms Want Government Probes Banned from Gulf Oil Spill Liability Trial

The companies involved in the worst offshore oil spill in U.S. history are trying to prevent government investigations blaming them for the disaster from being used against them by the people and businesses who are suing them. Billions of dollars …

BP Gets $4 Billion from Anadarko for Gulf Oil Spill Costs

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 …