Exxon Mobil Corp. and Chevron Corp. were among oil companies accused by Pennsylvania of polluting groundwater with a gasoline additive in lawsuits similar to ones brought by New York City, New Hampshire and Vermont.
BP Plc , the owner of a Gulf of Mexico well that caused a record oil spill, is replacing Anne Womack Kolton as head of U.S. media relations two months after she was appointed, two people familiar with the decision said.
Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.
Lloyd’s of London asked a U.S. judge to declare that it and Transocean Ltd. ’s other excess-insurance carriers have no obligation to cover BP Plc clean up and damage claims resulting from the Gulf of Mexico oil spill.
Lawyers for as many as 10,000 potential plaintiffs pursuing claims over BP Plc’s 2010 Gulf of Mexico oil spill said their clients today will opt out or reject the company’s $7.8 billion settlement reached in March.
A former BP Plc worker taking part in its employee savings plan sued the U.K. oil company and a U.S. affiliate, claiming they wrongly kept declining depositary receipts in the plan portfolio after the Gulf of Mexico spill.
BP Plc can halt litigation with minority business partner Anadarko Petroleum Corp. so the companies can arbitrate liability over costs of last year’s oil- well blowout in the Gulf of Mexico, a judge said.
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.
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.