BP said it reached a $7.8 billion deal to settle claims from fishermen and other private claimants affected by the Gulf of Mexico oil spill ahead of the start of a major US trial.
British energy giant BP is prepared for a multi-billion-dollar US legal case into the massive Gulf of Mexico oil spill to last until 2014, its chief executive told the Sunday Telegraph.
(AP) -- On the cusp of trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside ...
British oil giant BP must cover some of the eventual claims against subcontractor Halliburton arising from the devastating 2010 Gulf of Mexico oil spill, a US judge ruled Tuesday.
US prosecutors are readying criminal charges against British oil giant BP employees over the 2010 Deepwater Horizon accident that led to the catastrophic Gulf oil spill, The Wall Street Journal reported online.
Brazil's environmental authorities said they have discovered a 10,000 liter leak at an oil platform in the pristine Bay of Ilha Grande, the second such mishap to threaten this country's shorelines in recent weeks.
Prosecutors in Brazil on Wednesday called for a shutdown of Chevron's activities nationwide and said the US oil giant should be fined $11 billion for damage caused by an oil spill last month.
The US government slapped BP, Transocean and Halliburton with citations for violating oil industry regulations in what is expected to lead to massive fines for the deadly 2010 oil spill.
A key US government report spreads the blame for the massive oil spill in the Gulf of Mexico Wednesday, citing a bad cement job and poor management decisions by BP and its subcontractors.
The crew of an oil rig that exploded in the Gulf of Mexico last year causing one of the worst oil spills in US history ignored warning signs a disaster was imminent, an investigator said Friday.