BP PLC said early Saturday that it has agreed to a $7.8 billion deal with a committee representing plaintiffs to settle claims by fishermen and other private claimants who were adversely affected by the massive oil spill in the Gulf of Mexico caused by the Deepwater Horizon disaster in 2010.
BP PLC and plaintiffs in the largest lawsuit filed in the wake of the Deepwater Horizon oil-spill disaster in the Gulf of Mexico in 2010 have agreed on the terms of a proposed class settlement, according to an order signed late Friday by the judge handling the case.
Attorney General Eric Holder says he's ready to take BP and and other defendants to court in the 2010 Gulf of Mexico oil spill.
BP, Britain's No. 1 oil company is said to be negotiating a $14 billion settlement for the Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months in 2010.
The trial on the compensation for the Gulf of Mexico oil spill in 2010 has been delayed until March 5 with negotiations continuing on what should be the amount that BP should be paying.
British oil giant BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion settlement that is nearing completion, Bloomberg said, citing three people familiar with the talks.
The start of the liability trial for the BP 2010 Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months, has been delayed for a week allowing more time for embattled BP and fellow defendants to broker a settlement with U.S. prosecutors.
BP's 2010 Deepwater Horizon explosion that killed 11 and fouled the Gulf of Mexico for months is finally headed for court. On Monday, a federal judge in New Orleans is scheduled to gavel the case to order.
After Jeremy Lin and the Knicks lost to the second-to-last-place Hornets on Friday night, ESPN editor Anthony Federico accidentally employed a racial slur when describing Lin's mistakes on the court. Comedy group Idiot Culture picked up on the news and served ESPN.
Japanese conglomerate Mitsui MOEX Offshore will pay $90 million for the BP Gulf Oil Spill of 2010 in what is the first settlement ahead of the liabilities trial expected to start in 10 days.
Kate Upton is officially the Sports Illustrated Swimsuit Edition cover girl of 2012. The cover shot has leaked on the Internet and fans are gleeful about the release. Here are 10 things to know about the supermodel, from her Dougie to her measurements.
Kate Upton is officially the Sports Illustrated Swimsuit Edition covergirl of 2012. The blonde bombshell covers the iconic bikini edition of the athletic mag this year and the photo, which was supposed to be unveiled Monday night on The Late Show with David Letterman, has leaked.
Offshore drilling for oil has begun in Cuban waters in the shadow of the Florida Keys, and with the memory of BP's Macondo Gulf of Mexico spill still fresh, authorities are bracing for the worst.
BP Plc won a court order Wednesday keeping several potentially damaging e-mails out of a scheduled trial to determine responsibility for the 2010 Gulf of Mexico disaster.
The dividend rise marks the firm's first since the massive Gulf of Mexico oil spill.
The cause of the pipeline rupture is still under investigation. The pipeline connected a well head on the ocean floor to a floating platform, which was conducting a well test when the rupture took place. The well's safety mechanisms responded appropriately and the well was closed off automatically.
Officials with Brazilian oil giant Petrobras, and Brazil's environmental protection agency (IBAMA), announced Wednesday that 26 cubic meters of oily water was collected from an offshore oil production column that ruptured the day before.
It could take a salvage crew up to 10 months to remove the wreck of the Costa Concordia, the cruise ship that sank off of Italy's Giglio Island earlier this month.
Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill.
Stock index futures pointed to a steady open on Wall Street on Friday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures up 0.05 percent and Nasdaq 100 futures up 0.2 percent at 4 a.m. ET.
The top aftermarket NYSE gainers Thursday were: Transocean, Emulex, Buckeye Technologies, Penn Virginia, Ivanhoe Mines, Basic Energy Services, Newell Rubbermaid, HyperDynamics, Magnum Hunter Resources and D.R. Horton.
Such a spillage would pollute one of the most beautiful and unspoiled maritime areas in the Mediterranean.
