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Home » Topics » Deepwater Horizon oil spill

Oil dispersants make spills 52 times more toxic, researchers say

Oil spill via AFP

While oil spills can cause severe environmental damage to the organisms living in the affected waters, the consequences of using oil dispersants to rectify the spill can make the situation even worse, according to a study published in the journal Environmental Pollution, reported NBCNews.com. The study found that the mixture…

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BP agrees to pay $4.5 billion in settlement over Deepwater Horizon oil spill

BP energy logo via AFP

Oil giant will pay $4.5bn to US authorities and agrees to plead guilty to 11 felony counts of misconduct over fatal rig explosion BP has agreed to pay the largest criminal fine in US history – $4.5bn – to resolve all criminal charges arising from the fatal oil rig explosion…

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BP discussing $14 billion settlement

Thick oil from the BP Deepwater Horizon oil spill (AFP)

BP and lawyers for individuals and companies claiming damages from the massive 2010 Gulf of Mexico oil spill are discussing a possible $14 billion settlement, the Wall Street Journal reported Tuesday. The newspaper said the settlement, which could be announced Tuesday, would be paid out from what remains of a $20 billion compensation fund set up…

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