Sunday, May 27, 2012 5:24 PM EDT
An oil spill is the release of a liquid petroleum hydrocarbon into the environment due to human activity, and is a form of pollution. The term often refers to marine oil spills, where oil is released into the ocean or coastal waters. The oil may be a variety of materials, including crude oil, refined petroleum products (such as gasoline or diesel fuel) or by-products, ships' bunkers, oily refuse or oil mixed in waste. Spills take months or even years to clean up. Oil also enters the marine environment from natural oil seeps
By Reuters
A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this summer. (May 03)
MORE TOPICS: COURT, ELECTIONS, MEXICO, NEW YORK, BP PLC, DEPARTMENT OF JUSTICE
By IBTimes
BP Plc. (NYSE: BP) won preliminary approval of its proposed $7.8 billion settlement of claims relating to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. (May 03)
MORE TOPICS: NYSE, COURT, MEXICO, BP PLC, SETTLEMENT
By Reuters UK
The top share index rallied on Thursday, led by banking stocks which recovered some of the previous session's falls as investors positioned ahead of a European Central Bank meeting and Friday's key U.S. jobs report. (May 03)
MORE TOPICS: GOLD, FTSE, COURT, COPPER, EUROPEAN CENTRAL BANK, MEXICO
By Reuters UK
BP Plc won preliminary court approval of an estimated $7.8 billion (4.82 billion pounds) settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. (May 02)
MORE TOPICS: COURT, MEXICO, NEW YORK, BP PLC, SETTLEMENT
By Reuters UK
The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds)settlement of private party claims. (May 01)
MORE TOPICS: COURT, MEXICO, NEW YORK, BP PLC, ATTORNEY GENERAL, SETTLEMENT
By IBTimes
Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million. (May 01)
MORE TOPICS: CHINA, NYSE, CONOCOPHILLIPS, COURT, NEW YORK, LAWSUIT
By Reuters UK
A trial to assign blame and damages among BP Plc <BP.L> and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion (4.81 billion pounds) settlement of private party claims, the state of Alabama said on Tuesday. (May 01)
MORE TOPICS: COURT, MEXICO, NEW YORK, BP PLC, ATTORNEY GENERAL, SETTLEMENT
By Reuters
BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan. (May 01)
MORE TOPICS: CITIGROUP, EXXON MOBIL, CONOCOPHILLIPS, MEXICO, BP PLC, DEPARTMENT OF JUSTICE
By Reuters UK
The top share index held firm on Tuesday led by banks as results from Lloyds offered some reassurance, while data on the economy was again bearish and traders remained unconvinced by the overall flow of corporate results. (May 01)
MORE TOPICS: CHINA, FTSE, MANUFACTURING, GDP, COPPER, MEXICO
By Reuters UK
The FTSE 100 bounced higher early on Tuesday, with Lloyds <LLOY.L> among the top gainers after quarterly results, offsetting a fall in integrated oils led by BP <BP.L>, which reported worse-than-expected results. (May 01)
MORE TOPICS: CHINA, ROYAL BANK OF SCOTLAND, FTSE, MANUFACTURING, GDP, MEXICO
