BP has agreed to pay the largest criminal penalty in U.S. history, totaling billions of dollars, for the 2010 oil spill in the Gulf of Mexico, a person familiar with the deal said Thursday.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
The federal government’s first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids Wednesday.
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.
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.