BP surged back into profit in the first nine months of 2011, and has now reached a "clear turning point" after last year's devastating Gulf of Mexico oil disaster, it declared on Tuesday.
LONDON (AFP) – BP is taking legal action to shift the blame for the Gulf of Mexico oil disaster which devastated the environment and the group's image a year ago, suing rig operator Transocean for damages of $40 billion (24 billion pounds).
The prominent US lawyer managing BP's 20-billion-dollar oil disaster fund said Wednesday not all claimants will be paid, especially some of those seeking compensation for falling houses prices.
