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Deepwater trial: U.S. prosecutors say BP knew it was drilling ‘well from hell’
As 11 teams of lawyers deliver opening statements in trial over 2010 disaster, judge sets out a three-month timetable The man in charge of BP‘s ill-fated Deepwater Horizon rig warned his boss that staff were operating in “chaos, paranoia and insanity” just days before a fatal blowout killed 11 men and…
BP to argue government charged ‘excessive’ fines for Deepwater Horizon spill
British energy giant BP on Tuesday vowed to “vigorously defend” itself in court next week over US government claims for “excessive” fines linked to the 2010 Gulf of Mexico oil spill disaster. “BP will vigorously defend against gross negligence allegations,” the energy giant said ahead of the start of a…
BP hit with new $34 billion Deepwater Horizon claim from southern state governments
Latest demand comes from local and southern state governments, including Louisiana and Mississippi, hit hard by pollution following 2010 blowout BP has been hit by a new $34bn (£21.7bn) claim for alleged economic losses and punitive damages resulting from the Deepwater Horizon oil spill in the Gulf of Mexico. The latest…
Coast Guard warns of fresh oil sheen from Deepwater Horizon
A fresh oil sheen spotted recently in the Gulf of Mexico matches crude spilled during the Deepwater Horizon disaster, the U.S. Coast Guard said Wednesday. Engineers with Deepwater Horizon rig operator BP reported the sheen on September 16, after spotting it on satellite photos. The Coast Guard said that tests…
BP sells Gulf of Mexico assets to rival Plains
British oil giant BP said Monday it will sell $5.55 billion in assets in the Gulf of Mexico to a Texas rival, Plains Exploration, but will keep the Macondo well, site of the Deepwater Horizon platform and accident. “While these assets no longer fit our business strategy, the Gulf of…
Former BP engineer charged with destroying evidence in Gulf oil spill
The US justice department has made the first arrest in connection with the Gulf of Mexico oil disaster, charging a former engineer with destroying evidence relating to the amount of oil gushing from BP’s stricken well. Two years after the 20 April 2010 explosion on the Deepwater Horizon, the justice…
Gulf’s dolphins pay heavy price for Deepwater Horizon oil spill
New studies show impact of BP’s Deepwater Horizon disaster on dolphins and other marine wildlife may be far worse than feared. A new study of dolphins living close to the site of North America’s worst ever oil spill – the BP Deepwater Horizon catastrophe two years ago – has established…
BP swings into huge profit before U.S. criminal trial
BP returned to profit with a bang last year, posting net earnings of $23.9 billion on Tuesday as the British energy giant prepares for a criminal trial linked to the US Gulf of Mexico oil spill disaster. BP announced adjusted profit after tax equivalent to 18.2 billion euros for 2011, as higher oil…
BP gets $250 million from Gulf of Mexico subcontractor
British energy giant BP said on Friday it will receive $250 million (£161 million) from a subcontractor on the Gulf of Mexico oil well which blew out last year, using the money to cover its massive clean-up costs. BP said it reached agreement with Cameron International Corp., the designer and…
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