2010 Deepwater Horizon oil spill News

BP Agrees to Pay $175M to Settle Claims It Hid Spill Size

BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last …

BP Avoids Lawsuits Over Oil Drilling Ban That Followed Gulf Spill

BP Plc won’t have to face lawsuits by energy and oilfield service companies over losses they blamed on the U.S. offshore drilling ban imposed after the 2010 Gulf of Mexico oil spill. The court ruling eliminates one of the largest …

Researchers Examine Where BP Oil Spill Remains in the Gulf

A Florida State University researcher and his team have developed a comprehensive analysis of oil in the Gulf of Mexico and determined how much of it occurs naturally and how much came from the 2010 Deepwater Horizon spill. And more …

Mississippi Man Faces Sentencing in Oil Spill Fraud Case

A Mississippi man has pleaded guilty to federal fraud charges of lying about his past employment to get $25,800 in oil-spill recovery money. The Sun Herald reports Shawn Albert Townsel will be sentenced March 26. Prosecutors say Townsel received the …

Remnants of Gulf Oil Spill Still on Alabama Coast

A new study says oil from the Deepwater Horizon disaster is still trapped in Alabama’s beaches four years later. The report was released recently by Auburn University researchers who’ve been studying the BP oil spill since shortly after it occurred. …

BP’s Gulf Oil Spill Costs Nearly $50B

BP PLC estimated in 2010 that it faced about $40 billion in potential liabilities from the Deepwater Horizon disaster that killed 11 workers and spilled oil into the Gulf of Mexico for months. Now its shares are suffering as the …

Former BP Engineer Wins New Trial in Oil Spill Evidence Case

A former BP Plc senior engineer found guilty last year of destroying evidence related to the 2010 Gulf of Mexico oil spill was granted a new trial based on his claim of juror misconduct during deliberations. Kurt Mix was convicted …

BP Wasn’t Prepared for Deepwater Blowout, Professor Testifies

BP Plc wasn’t prepared for a blowout at its deep-water Macondo well in the Gulf of Mexico, a safety expert who studied the 2010 oil spill told a judge who is assessing how well the company reacted to the disaster. …

CEO: Transocean Workers Not to Blame for Oil Spill

The chief executive of Transocean Ltd., owner of the rig destroyed after BP Plc’s Macondo well blew out in 2010, told a federal judge on Tuesday that his workers made mistakes that day, but were not responsible for overall safety …

Criminal Charges Against BP Employees Test Reach of Maritime Statute

Not all manslaughter charges are created equal. If they were, the U.S. Justice Department might have filed just 11 charges when it brought a criminal case against two BP Plc employees last week, one for each of the 11 deaths …