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BP Plc’s $8 billion settlement with victims of the 2010 Gulf of Mexico spill may have hurt Europe’s second-largest oil company more than it helped.
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Texas sued BP Plc, Transocean Ltd. and others involved in the 2010 oil spill, calling it the “worst environmental disaster” in U.S. history and becoming the fifth Gulf of Mexico state to file claims.
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The trial of a former BP Plc engineer charged in the first criminal case arising from the 2010 Gulf of Mexico oil spill was postponed to December from June, a judge said.
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A former BP Plc engineer charged in the first criminal case arising from the 2010 Gulf of Mexico oil spill said U.S. prosecutors withheld evidence that might clear him and urged a judge to sanction them.
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The trial that will determine the extent of any liability London-based BP Plc and its partners must face for the April 2010 Gulf of Mexico oil spill is set to begin today in federal court in New Orleans.
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BP Plc faces the third anniversary of the 2010 oil spill in the Gulf of Mexico today with no sure knowledge of how much more it will have to pay government and private plaintiffs over the disaster.
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The judge presiding over the BP Plc spill trial aimed at determining liability for the biggest offshore oil spill in U.S. history rejected an attempt to halt some settlement payments tied to the 2010 environmental catastrophe in a ruling in New Orleans federal court.
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A BP Plc executive testified the captain of the oil rig that exploded and sent millions of barrels of oil pouring into the Gulf of Mexico delayed activating the installation’s safety systems after the blast as a trial over the disaster ended.
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BP Plc is seeking to block the administrator handling its $8.5 billion settlement over the 2010 oil spill from paying certain claims, contending his decisions may cost the company billions more than expected.
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BP Plc is appealing a trial court ruling upholding decisions by the administrator of its $8.5 billion settlement over the 2010 oil spill that the company says will force it pay billions of dollars more than expected.
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