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US court approves $20 billion BP oil spill settlement

US court approves $20 billion BP oil spill settlement

The approval of the deal Monday by the federal district judge in Louisiana took the overall legal process over one of the worst oil pollution cases in history closer to final resolution.

California methane gas leak 'largest' in US history: Scientists

California methane gas leak 'largest' in US history: Scientists

The methane leak, detected at the gas company`s Aliso Canyon facility, has been described as an environmental disaster.

UK government tells BP it would oppose takeover: Reports

The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday.

BP appeals US judge's ruling on size of Gulf oil spill

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

BP ''grossly negligent'' in 2010 US spill, fines could be $18 billion

A US judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly USD18 billion in fines to more than USD42 billion in charges the company took for the worst offshore environmental disaster in US history.

Halliburton pays $1.1 bn for Gulf of Mexico BP spill

Oil services company Halliburton said Tuesday it would pay a $1.1 billion settlement over its role in the 2010 Gulf of Mexico oil rig blowout that led to the United States` most disastrous oil spill.

BP seeks to recoup ''windfall'' Gulf spill payments

BP said the uncapped settlement could cost USD9.2 billion, higher than its original USD7.8 billion estimate, and that this amount could grow.

US ends contract ban on BP

The United States announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history.

US appeals court affirms BP settlement in 2010 Gulf oil spill

BP had supported the settlement agreement leading up to the December 2012 ruling by U.S. District Court Judge Carl Barbier approving it. But the company has since argued the administration of the settlement is faulty because it allows claimants without actual damages to join in.

Court rejects BP bid to require proof of Gulf oil spill losses

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

BP engineer guilty of obstructing oil spill investigation

A drilling engineer for British oil giant BP was found guilty Wednesday of destroying text messages in his smartphone, obstructing the investigation into the 2010 Gulf of Mexico oil spill.

BP wins reprieve over Gulf spill payouts: US appeals court

BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill to tighten standards in assessing claims, potentially sparing the oil company billions of dollars of extra costs.

BP tells court it did not dither in response to US Gulf spill

BP Plc unnecessarily delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill through dithering and indecision, according to allegations by plaintiffs' lawyers on Tuesday that the British company denied.

BP oil disaster case settled at $4 bn

Eleven workers died when BP's Macondo oil well blew out, triggering an explosion on the drilling rig April 20, 2010.

US oil spill: BP agrees to pay $4.5 bn in penalties

The April, 2010 explosion on the Deepwater Horizon rig in the Gulf of Mexico killed 11 workers.

Energy experts for 'paradigm shift' to prevent disasters

With effects of the BP oil spill in the Gulf of Mexico still to abate, energy experts have called for a 'paradigm shift' in organisational focus of the energy sector to prevent similar incidents from occurring in the future.

BP spill settlement clears way for comeback

BP's multibillion-dollar settlement with people and businesses harmed by its 2010 oil spill removes some uncertainty about the potential financial damages it faces. It also may help the company restore its all-important relationship with the federal government.