Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted, and hitting the company’s shares. BP said in …
BP Plc engineers will search for a solution Sunday after suffering a setback in an attempt to contain oil gushing into the Gulf of Mexico with a huge metal dome, dashing hopes for a quick, temporary solution to a growing …
The White House is pushing to lift the limit on how much BP pays for the Gulf Coast oil spill. Press Secretary Robert Gibbs said the administration wants to work with Congress to change a law that caps at $75 …
The federal Small Business Administration recently granted Louisiana Gov. Bobby Jindal’s request to issue an economic injury disaster declaration for Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and St. Tammany parishes, and Jindal has asked that for 13 additional parishes be …
A federal law may limit how much BP has to pay for damages such as lost wages and economic suffering in the Gulf Coast oil spill, despite President Barack Obama’s assurances that taxpayers will not be on the hook. A …
Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking of the Deepwater Horizon will …
BP Plc said Monday that waiver clauses in contracts it offered to Alabama fishermen to help fight the Gulf of Mexico oil spill had drawn allegations that it was trying to buy them off to give up the right to …
What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico. Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that …
The Federal Bureau of Investigation announced today that an existing fraud tip line is now accepting information from the public about suspected fraud associated with the Gulf of Mexico oil spill. Tips should be reported to the National Center for …
The owner of a Mississippi seafood company has filed a federal class-action lawsuit over the rig explosion that caused a massive oil spill in the Gulf of Mexico. The suit by Jerry Forte, owner of Jerry Forte Seafood in Pass …
