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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.
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.
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
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.
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.
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.
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.
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.