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Tens of billions at stake in BP oil spill trial

Tens of billions of dollars will be at stake when BP heads to a US court this month to determine how much it owes for the massiveGulf of Mexico oil spill and how much it can shift to subcontractors. Several government probes have castigated BP, rig operatorTransocean and Halliburton – which was responsible for…

BP must pay part of rig owner’s eventual Gulf costs

CHICAGO — British oil giant BP must cover some of the eventual claims against rig owner Transocean arising from the Gulf of Mexico oil spill, a US judge has ruled, with any bill set to run into billions of dollars. The mixed ruling found BP must indemnify the Swiss drilling…