A judge said that he is leaning in favor of granting approval to a class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.
A judge is set to preside over a hearing on a class-action settlement that would resolve billions of dollars in claims against BP over the 2010 Gulf oil spill.
BP and a team of attorneys have presented a settlement to resolve economic damage claims from the 2010 oil spill in the Gulf of Mexico.
A federal trial over the nation’s worst offshore oil disaster has been delayed for a week to allow more time for settlement talks, according to two people close to the case.
BP said it was “in their mutual best interests, and the agreement is not an admission of liability by either party.” The companies are dropping all claims against one another, they said.
BP Wind Energy has begun construction on its 90-turbine Trinity Hills wind farm about 90 miles northwest of Fort Worth.
Relatives of some of the 11 men who died aboard the Deepwater Horizon oil rig are flying over the Gulf of Mexico on Wednesday, back to the epicenter of the worst offshore oil spill in the nation’s history.
Disasters like the Gulf oil spill could happen again, according to the conclusions of a presidential panel.
BP has launched its biggest push yet to clean the tourist beaches that were coated with crude during the Gulf oil spill.
Former BP chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill.
BP says the cost of the devastating Gulf of Mexico oil spill has grown to $40 billion, dragging down its third quarter net profit.
The moratorium on deep water drilling in the Gulf of Mexico has been lifted because new safety standards will make a disastrous oil spill much less likely, Interior Secretary Ken Salazar announced today.