oil spill settlement News

BP Cites New Fraud Allegations in Spill Settlement

BP says it has uncovered new allegations of fraud and conflicts of interest inside the settlement program that has awarded billions of dollars to Gulf Coast businesses and residents following the company’s 2010 oil spill in the Gulf of Mexico. …

Transocean to Pay $1.4B for Role in BP Spill

Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source familiar with the matter said on Thursday. The settlement includes $1 …

BP, U.S. Justice Department Close to Oil Spill Settlement

BP PLC and the U.S. Justice Department are close to a broad deal that would release the company from additional civil and criminal liabilities arising out of 2010 Deepwater Horizon disaster, the Wall Street Journal reported, citing people familiar with …

BP’s $7.8B Gulf Spill Pact Wins Initial Court OK

BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. The accord comprises two agreements, including one that covers …

BP Seen Agreeing to $20-25B Oil Spill Settlement

BP is likely to agree to pay the U.S. Department of Justice $20-$25 billion to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company …