Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion.
Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
A federal appeals court panel has re-affirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill.
Federal judge rules that the oil giant must stand by the agreement it made with the companies it compensated for losses blamed on the 2010 Gulf oil spill.
Halliburton agreed to pay $1.1 billion to settle what it calls “a substantial portion” of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico.
A federal judge was set to begin hearing three weeks of testimony Monday about how much oil made it into the ocean during the 2010 Gulf of Mexico oil spill.
A federal appeals court gave new life Friday to oil giant BP PLC’s claims that a judge’s interpretation of a settlement after the 2010 Gulf of Mexico oil spill could force the company to pay billions of dollars for bogus or inflated claims by businesses.
An employee of the company that owned the doomed Deepwater Horizon drilling rig testified Tuesday that he was surprised when BP scrapped his team’s design to stop the gusher in the Gulf of Mexico.
A federal appeals court is wading into a high-stakes dispute over the terms of a multibillion-dollar settlement of claims arising from BP’s massive 2010 oil spill in the Gulf of Mexico.
A BP team leader who supervised managers on the rig that exploded in the Gulf of Mexico in 2010 says he was frustrated by last-minute changes to the drilling project but didn’t have any safety concerns before the deadly blast.