Last Updated: Saturday, January 11, 2014, 11:32
A US federal appeals court upheld on Saturday a multibillion-dollar settlement between BP and coastal residents and businesses hit by the company`s massive Gulf of Mexico oil spill in 2010.
Last Updated: Saturday, July 20, 2013, 10:26
A US judge refused to temporarily shut down a multibillion-dollar settlement programme for compensating victims of BP`s 2010 Gulf oil spill, saying he has seen no evidence of widespread fraud among thousands of claims.
Last Updated: Friday, January 04, 2013, 11:48
Swiss-based Transocean, which owned a rig that blew up in the Gulf of Mexico in April 2010, has agreed to pay the USD 1.4 billion over the environmental disaster, RIA Novosti reported Friday.
Last Updated: Sunday, December 02, 2012, 18:11
The study found that mixing the dispersant with oil increased toxicity of the mixture up to 52-fold over the oil alone.
Last Updated: Monday, March 05, 2012, 00:16
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.
Last Updated: Saturday, March 03, 2012, 10:37
British Petroleum has reached a USD 7.8 billion deal with thousands of fishermen and other plaintiffs who had filed a suit over the 2010 Gulf of Mexico oil spill off the US coast.
Last Updated: Monday, October 17, 2011, 21:15
BP said on Monday that as part of the deal, Anadarko will no longer pursue its allegations of gross negligence against BP.
Last Updated: Thursday, September 15, 2011, 00:23
The US government heaped the lion's share of blame for the country's biggest ever oil spill on BP on Wednesday as investigators issued their final report on the massive Gulf disaster last year.
Last Updated: Wednesday, September 14, 2011, 22:08
The US report said that BP made a series of decisions that complicated cementing operations and triggered the disaster.
Last Updated: Wednesday, April 20, 2011, 21:56
President Barack Obama vowed to do "whatever is necessary" to restore the US Gulf Coast.
Last Updated: Wednesday, March 30, 2011, 20:48
Possible charges include manslaughter, which carries up to 10 years jail.
Last Updated: Thursday, December 16, 2010, 09:07
US says "violations of safety and operational regulations" caused explosion.
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