Two BP Plc well-site leaders who were aboard the Deepwater Horizon drilling rig when an explosion killed 11 workers and triggered the biggest U.S. offshore oil spill asked a court to dismiss the federal charges against them.
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.
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.
Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.
Transocean Ltd.’s agreement to pay $1.4 billion in penalties for its role in the worst U.S. maritime oil spill frees the world’s largest offshore driller to attend to rising competition in deep-water rig markets.
BP Plc, Transocean Ltd. and Halliburton Co., with billions of dollars on the line, are set to find out from a federal judge who among them is to blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico.