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Montevideo, November 2nd 2024 - 16:31 UTC

 

 

BP agrees to a $18.7bn settlement on claims from the 2010 Gulf of Mexico spill

Friday, July 3rd 2015 - 07:38 UTC
Full article 18 comments
The April 20, 2010 rig explosion and spill killed 11 workers and spewed oil for nearly three months on to the shorelines of several states. The April 20, 2010 rig explosion and spill killed 11 workers and spewed oil for nearly three months on to the shorelines of several states.
The US Justice Department said it could be the largest settlement with a single entity in US history and the total value would top $20 billion. The US Justice Department said it could be the largest settlement with a single entity in US history and the total value would top $20 billion.

UK oil and gas giant BP said it has reached an $18.7 billion settlement of damages claims from the US government and five states after the 2010 Gulf of Mexico spill. The US Justice Department said it could be the largest settlement with a single entity in US history and the total value would top $20 billion.

 The April 20, 2010 rig explosion and spill killed 11 workers and spewed oil for nearly three months on to the shorelines of several states.

BP said the agreement covered claims from the states Of Alabama, Florida, Louisiana, Mississippi and Texas and 400 local government entities.

BP's London-listed shares extended gains to as much as 5.3%.

BP faces a maximum fine of $13.7 billion under the US Clean Water Act for its Gulf of Mexico oil spill, after a judge ruled that it was smaller than the U.S. government claimed.

Florida's Attorney General said her state's economic damages lawsuit would continue against Halliburton Co. and Transocean Ltd.

Categories: Energy & Oil, International, United States.
Tags: British Petroleum, Gulf of Mexico, US Justice Department.

Top Comments

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  • golfcronie

    Christ the yanks certainly know how to screw over a company. It is common knowledge that Halliburton destroyed all their data on the Gulf of Mexico cement job and the Blowout preventer. I worked for Halliburton Company years ago and found them very Gung ho.

    Jul 03rd, 2015 - 11:36 am 0
  • paulcedron II

    british oil companies...mon dieu...
    british + technology = monkey + machine gun.

    the funny thing is this:
    farmers in west virginia farmed the ginseng plant out of season = 11 (ELEVEN) arrests

    BP oil´s deepwater horizon destroys the entire ecosystem in the gulf of mexico = 0 (ZERO) arrests

    Jul 03rd, 2015 - 03:22 pm 0
  • golfcronie

    Paul
    do your homework, BP was at one time British Petroleum but no longer. It is a multinational company with many shareholders throughout the world.

    Jul 03rd, 2015 - 06:32 pm 0
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