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Business 17 May 2013 | 2:20 PM Premium

Official expects surge in BP spill claims

NEW ORLEANS: The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is already bracing for a late surge in filings.

Commodities 23 Apr 2014 | 10:23 AM Premium

Damages phase of BP gulf spill trial set for Jan

HOUSTON: The high-stakes penalty phase of BP's trial over its role in the 2010 US Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line.

Business 25 Feb 2013 | 12:00 AM Premium

US, Gulf states crafting BP spill settlement

NEW YORK: The US government and Gulf Coast states are considering offering BP Plc a deal under which it pays US$16bil to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, according to the Wall Street Journal.

Economy 03 Sep 2014 | 8:49 AM Premium

Halliburton to settle US Gulf spill claims for US$1.1bil

NEW YORK: Halliburton Co, North America's top oilfield services provider, said it reached a US$1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.

Business 22 Apr 2011 | 12:00 AM Premium

Blame game: BP, Gulf spill partners sue each other

MIAMI: After being hammered for a year over the Gulf of Mexico oil spill, BP is going on the offensive with multibillion-dollar lawsuits seeking to shift at least part of the blame to those who owned the ill-fated rig or designed a failed safety device or supplied cement that didn't hold.

Business 10 Aug 2010 | 12:00 AM Premium

As 39,000 spill claims dangle, BP defers to feds

BP said Monday it had received 145,000 claims from residents and business owners like Lindsay citing lost income because of the massive spill in the Gulf of Mexico, and had paid out $324 million without denying a single claim.

Business 20 Jul 2010 | 12:00 AM Premium

After caping oil spill BP's future still open question

NEW YORK: The future of BP PLC has shifted in recent days from a death-watch discussion to a debate about how valuable the British oil giant will be after it finishes paying for the worst offshore oil spill in U.S. history.

Business 16 Nov 2012 | 12:00 AM Premium

BP agrees to US$4.5bil record criminal penalties for U.S. oil spill

NEW ORLEANS/WASHINGTON: BP Plc will pay US$4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever.

Business 28 Mar 2013 | 12:00 AM Premium

Nigerian agencies seek US$11.5bil oil spill payout from Shell

ABUJA: Two Nigerian government agencies told a parliamentary hearing on Thursday that Royal Dutch Shell should pay a total of $11.5 billion (7.6 billion pounds) in compensation for damage caused by an oil spill at its offshore Bonga field in December 2011.

Business 22 Nov 2011 | 12:00 AM Premium

Chevron fined US$28 million, faces Brazil spill backlash

RIO DE JANEIRO (Reuters) - Brazil's government slapped Chevron with a $28 million (17 million pounds) fine on Monday for causing an offshore oil spill, and the penalty could rise as the U.S. company faces a political backlash over the accident.