On April 20th, 2010, the Deepwater Horizon drilling rig exploded in the Gulf of Mexico. The resulting oil spill was the largest in US history. A settlement was reportedly reached with the Mexican government earlier this year...
BP, PLC has announced plans to go forward with a major project in the gulf. They've reworked a 2013 proposal, trimming the cost of Mad Dog Phase 2 from $20 billion to $9 billion. Analysts see the decision to go forward as an indication of optimism in the future of oil prices.
NEW ORLEANS (AP) — BP is pressing a federal court to disallow a $7.9 million Gulf oil spill claim awarded to a Louisiana law firm.
Friday's filing in New Orleans is the latest development in disputes involving the Andry Law Firm, BP and former FBI director Louis Freeh...
NEW ORLEANS (AP) — A former Halliburton manager has pleaded guilty to destroying evidence after the rig explosion that spawned BP's 2010 oil spill in the Gulf of Mexico.
Sixty-two-year-old Anthony Badalamenti of Katy, Texas faces a maximum sentence of 1 year in prison and a $100,000 fine after his guilty plea Tuesday in U...
The amount of oil that spewed into the Gulf is a key factor in determining how much more money BP and its contractors owe for their roles in the deadly disaster.
BP decides to evacuate personnel deemed non essential to oil and gas production from the world's largest platform and three others in the central Gulf of Mexico. This is done in response to a potential tropical storm passing over or near the area in the next couple of days.
BP has filed a lawsuit against Louisiana authorities over an August order that the oil giant remove anchors that were placed in the Gulf of Mexico following the 2010 Deepwater Horizon disaster.
NEW ORLEANS (AP) — Plaintiffs' attorneys who brokered a multibillion-dollar settlement with BP following the company's 2010 Gulf oil spill have asked a federal appeals court to uphold a judge's approval of the deal.
In a court filing Tuesday, the private lawyers say only a "paltry few objectors" have raised the "narrowest of concerns" about the settlement that U...
NEW ORLEANS (AP) — BP is trying to persuade a federal appeals court that it should throw out a judge's approval of the company's multibillion-dollar settlement related to the Gulf oil spill if a separate appeal is unsuccessful.
Last year, BP joined plaintiffs' attorneys in urging U...
A federal appeals court is hearing BP's bid to challenge what could be billions of dollars in settlement payouts to businesses claiming they lost money after the company's 2010 oil spill in the Gulf of Mexico.