Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class action settlement.
The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.
CBS News has learned that BP is set to embark on the fifth day of a little-known mission to look for any new oil leaking from the Deepwater Horizon disaster.
Coast Guard officials say they are investigating a fire at an oil drilling platform off the coast of Louisiana in the Gulf of Mexico.
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.
In an effort to distract voters from his tax records, W. Mitt Romney launched a four pronged push back yesterday. Romney’s problem: each move revealed more about the problems with his floundering campaign.
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.
Kevin Costner said his reputation was at stake as he defended himself against accusations that he cheated fellow actor Stephen Baldwin out of millions of dollars after the 2010 oil spill.
Two Hollywood stars could spend the next two weeks in a New Orleans courtroom rather than on camera, on opposing sides in a real-life legal drama.
A judge has outlined a new structure for a trial of Gulf oil spill claims that wouldn’t be resolved by a proposed class-action settlement between BP and a team of attorneys.
Gloom infects the hard-working shrimp and crab docks of gritty fishing towns in Louisiana, as the second full year of fishing since BP’s catastrophic oil spill kicks into high gear.