Deepwater Horizon News

BP to Pay $4.5B to U.S. in Oil Spill Plea Deal

BP Plc will pay a $4 billion penalty and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country’s history, the company said on Thursday. The company will also pay …

Mississippi Man Indicted for Alleged Oil Spill Fraud

A Columbia, Miss., man is under federal indictment for allegedly filing $10,000 worth of false claims for Deepwater Horizon oil spill relief funding. The Clarion-Ledger reports Jermaine Ball is charged with a separate felony for each of the $5,000 checks …

BP Emails Reveal Company Veiling Spill Rate

On the day the Deepwater Horizon sank, BP officials warned in an internal memo that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a …

BP Reaches Deal with Weatherford Over Gulf Oil Spill Costs

BP has reached agreement with Weatherford U.S., L.P. to settle potential claims between the companies related to the Deepwater Horizon accident. Under the agreement, Weatherford, which manufactured the float collar used in the well, will pay $75 million. BP said …