BP News

Supreme Court to Hear BP Unit’s Dispute over Montana Superfund Site

WASHINGTON — The U.S. Supreme Court on Monday agreed to a hear a bid by a unit of British oil major BP Plc to avoid a lawsuit by private landowners in Montana seeking to force the company to pay for …

Louisiana’s Eroding Coast a $100B Nightmare for Big Oil

From 5,000 feet up, it’s difficult to make out where Louisiana’s coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through thick marshland, clearing a path for …

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 …

Federal Court Orders $1.6M in Claim Money Returned to BP

A federal court has ordered repayment of more than $1.6 million in claim money paid to an Alabama couple’s business after BP’s 2010 Gulf Oil Spill. U.S. District Judge Carl Barbier’s order says the payment to Vision Design Management “was …

Case Highlights Fraudulent BP Oil Spill Claims

BP has been complaining for a long time that many claims filed after its April 2010 oil spill in the Gulf of Mexico were phony. Now there’s more evidence to back that up. BP has admitted fault in connection with …

BP Wants Restitution on Some Gulf Oil Spill Business Claims

Attorneys for BP told a federal appeals court last week that the company should be able to seek restitution of some of the money it paid in economic damage claims to businesses and individuals under a settlement arising from the …

BP Decides to Drop Bid to Oust Oil Spill Settlement Administrator

BP has abruptly switched legal strategies—again—in the multibillion-dollar liability fight stemming from the April 2010 Gulf of Mexico oil spill. The company dropped a campaign to oust a settlement administrator it had accused of tolerating waste and fraud. The move …

BP Appeals Federal Judge’s Ruling Gulf Oil Spill Size

BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines. In January, U.S. District Judge Carl Barbier in …

No Coverage Under Transocean’s $750M Insurance Policy for BP Spill

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …

Feds Seek Up to $18B Spill Pollution Fine From BP

The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the blown-out well that caused the …