Bp Gulf Oil Spill

• BP Off Hook for Several Billion Dollars in Oil Spill Fines

  A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.

• BP 'Grossly Negligent' in 2010 US Spill, Fines Could be $18 Billion

  A U.S. 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 $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.

• 2010 Gulf of Mexico Oil Spill: 'BP Was Grossly Negligent'

  A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.

• US court rejects BP appeal over Gulf spill losses

  A divided US appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.

• Three years after Gulf spill, BP fights billions in fines

  Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.

• Judge approves $4 billion BP oil spill criminal settlement

  A federal judge on Tuesday approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.

• US oil spill: judge clears BP's $7.8 billion settlement

  British oil giant BP won US court approval Friday of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.

• BP: Halliburton destroyed key oil spill evidence

  BP in a high-stakes court filing on Monday accused Halliburton of destroying damaging evidence about the quality of its cement slurry that went into drilling the oil well that blew out last year and caused the nation's worst offshore oil spill.

• Oil companies investigate cause of sheen in Gulf of Mexico

  Oil giant BP is investigating a new sheen in the Gulf of Mexico with a remote-controlled mini-sub but says there is no immediate indication it was the result of a new oil spill.

• BP seeks to resume drilling in Gulf of Mexico

  BP has asked United States regulators for permission to resume drilling in the Gulf of Mexico, two company officials said on Sunday, creating a delicate situation for the Obama administration as it seeks to balance safety concerns with a desire to increase domestic oil production. The petition comes less than 12 months after a rig BP had leased the...

• BP oil spill claims chief says recovery in 3 years

  The Gulf of Mexico should largely recover from BP's oil spill within three years, and all settlement offers to victims who lost revenue from the disaster will be based on that assessment, the administrator of the USD 20 billion compensation fund said today. Attorney Kenneth Feinberg said the Gulf Coast Claims Facility used "various data and expert...

• US sues BP, 8 other companies in Gulf oil spill

  The Justice Department on Wednesday sued BP and eight other companies in the Gulf oil spill disaster in an effort to recover billions of dollars from the largest offshore spill in U.S. history.The Obama administration's lawsuit asks that the companies be held liable without limitation under the Oil Pollution Act for all removal costs and damages ca...

• Report by BP finds several companies at fault in spill

  The oil giant BP spent months this summer trying to contain the gusher of oil on the floor of the Gulf of Mexico. Now BP is trying to contain the legal and financial fallout from the explosion of the Deepwater Horizon.On Wednesday, BP released the results of an internal investigation  that heaped some of the blame on itself, but mostly pointed...

• BP settlements likely to shield top defendants

  People and businesses seeking a lump-sum settlement from BP's  $20 billion oil spill compensation fund will most likely have to waive their right to sue not only BP, but also all the other major defendants involved with the spill, according to internal documents from the lawyers handling the fund.The documents -- which include e-mails, draft a...

• BP's Hayward to leave as CEO; Russia job in works

  Tony Hayward, who became the face of BP's flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in October and be offered a job with the company's joint venture in Russia, a person familiar with the matter said on Monday.