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Business 26 Feb 2013 | 12:00 AM Premium

BP, contractors start trial for worst US offshore spill

NEW ORLEANS: A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million barrels of oil into the Gulf of Mexico.

Business 06 Feb 2013 | 12:00 AM Premium

BP objects to US$34bil oil spill claims sought by states

NEW YORK: BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems "substantially" overstated.

Business 30 Jun 2014 | 12:00 AM Premium

BP seeks to recoup 'windfall' Gulf spill payments

New York: BP Plc has asked a US judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.

Corporate News 06 May 2017 | 1:20 PM Premium

Indonesia sues Thailand's PTT, PTTEP for $2 bln over oil spill

JAKARTA/BANGKOK: The Indonesian government is suing Thailand's state-owned PTT and PTT Exploration and Production for around $2 billion for alleged damage to the environment from an oil spill in the Timor Sea eight years ago.

Business 11 May 2010 | 12:00 AM Premium

Epic oil spill in Gulf swells to 15.14mil liters and growing

ON THE GULF OF MEXICO: Black Hawk helicopters peppered Louisiana's barrier islands with 1-ton sacks of sand Monday to bolster the state's crucial wetlands against an epic oil spill, 4 million gallons (15.14 million liters) and growing, in the Gulf of Mexico.

Business 22 Apr 2011 | 12:00 AM Premium

BP sues Transocean and seeks US$40b in damages over Gulf of Mexico oil spill

NEW YORK: On the first anniversary of the Gulf of Mexico oil spill, BP plc sued Transocean, seeking at least US$40bil in damages and other costs from the owner of the Deepwater Horizon rig.

Business 01 Mar 2011 | 12:00 AM Premium

US approves first deep-water well in Gulf since BP oil spill

NEW YORK (AP) - The U.S. has approved the first deepwater drilling permit in the Gulf of Mexico since BP's massive oil spill.

Business 26 Jul 2013 | 8:17 AM Premium

Halliburton Pleads Guilty To Destroying Gulf Spill Evidence

NEW YORK: Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday

Business 06 Feb 2013 | 12:00 AM Premium

BP posts lower Q4 profits as oil spill trial looms

LONDON: Shrinking British oil company BP Plc announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month.

Business 20 May 2014 | 8:58 AM Premium

US appeals court rejects BP bid to undo ruling in oil spill case

NEW YORK: A U.S. appeals court will not revisit a decision to reject BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if those businesses could not trace their economic losses to the disaster.