MercoPress. South Atlantic News Agency
BP agrees to a $18.7bn settlement on claims from the 2010 Gulf of Mexico spill
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. Read full article
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Disclaimer & comment rulesChrist 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 - Link - Report abuse 0british oil companies...mon dieu...
Jul 03rd, 2015 - 03:22 pm - Link - Report abuse 0british + 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
Paul
Jul 03rd, 2015 - 06:32 pm - Link - Report abuse 0do your homework, BP was at one time British Petroleum but no longer. It is a multinational company with many shareholders throughout the world.
Carpet-bagging, puffery and downright lying by 'lawyers' on behalf of chancing their arms claimants is still alive and well in the southern states it seems.
Jul 03rd, 2015 - 07:49 pm - Link - Report abuse 0@2: monkey + machine gun = RG (probably Paulie)
Jul 03rd, 2015 - 08:11 pm - Link - Report abuse 0Agrees my rear end.
Jul 03rd, 2015 - 09:20 pm - Link - Report abuse 0British Petroleum forced to pay $18.7bn settlement by his “friend” Obama.
BP and the USA deserve each other. hahaha.
Jul 03rd, 2015 - 11:07 pm - Link - Report abuse 0@2: Paulie....
Jul 04th, 2015 - 12:17 am - Link - Report abuse 0monkey + machine gun = RG
You really have no idea what you're talking about do you? The company is only “British” in name. You'll probably find that even your backward excuse for a country has a share in it.
8
Jul 04th, 2015 - 12:34 am - Link - Report abuse 0who are you?
grandpa clyde?
it seems that it is YOU the one who has no idea.
BP
Founded
1908 Anglo-Persian Oil Company
1935 Anglo-Iranian Oil Co.
1954 British Petroleum
1998 BP Amoco plc
2001 BP plc
Headquarters London, England
This payout should be at least 10 times higher than 18.7b.
Jul 04th, 2015 - 02:16 am - Link - Report abuse 0Why?
Jul 04th, 2015 - 03:46 am - Link - Report abuse 0Revenge?
When a country takes revenge on companies with unrealistic fines then they relegate themselves to scaring business and investment away.
The US isn't that stupid. Unlike some countries and some posters.
@9
Jul 04th, 2015 - 06:41 am - Link - Report abuse 0Paul
We all know that you are not very conversant with our “ mother tongue ” English so you completly missunderstood @8 “ British ” in name. It is a mutinational conglomerate but in now way could it be considered “ British ” in the full sense of the word. If you don't know for a fact what you post is true . DON'T POST
@ 10 Hepatitus
Jul 04th, 2015 - 12:31 pm - Link - Report abuse 0BP are considering paying the fine off over 25 years.
golfnabo
Jul 04th, 2015 - 02:38 pm - Link - Report abuse 0it was a british company.
it is a british company.
and its headquarters are in london.
you are not very bright indeed.
si tiene cuatro patas, ladra y parece un perro, es un perro.
You knew this was coming with the Americans. Its a different story when one of their companies messes up abroad and they go to extreme lengths to avoid liability and god forbid, paying adequate compensation to victims. Look at what they did in Bhopal, its quite shameful what they did there and its still ongoing after 30 years!
Jul 04th, 2015 - 07:57 pm - Link - Report abuse 0There are many companies with headquarters in London but it doesn't make them British. No understandie Spanglish,
Jul 04th, 2015 - 09:36 pm - Link - Report abuse 0“”british + technology = monkey + machine gun“””
Jul 04th, 2015 - 10:55 pm - Link - Report abuse 0Monkey with machine gun beats Argie with anything.
http://en.mercopress.com/2015/07/03/bp-agrees-to-a-18.7bn-settlement-on-claims-from-the-2010-gulf-of-mexico-spill#comment404985: I don't believe it. The Brits are still trying to deny that British Petroleum is a British Company. They first tried to do this in 2010 during the oil spill. It did not work then and it won't work now.
Jul 05th, 2015 - 04:17 am - Link - Report abuse 0For the record BP plc is incorporated in England under the Companies (Consolidation) Act 1908 registered number 102498. If you buy NYSE:BP you are buying the shares of this company, and no other. This company has a wholly own subsidiary called BP Corporation North America, Inc. which is incorporated in Ind. This later corporation was known as BP Amoco before about 2002 and Amoco before that.
I think that the reality that British Petroleum is a British company became clear to Americans when the British sent the incompetent, bumbling and very British company president over to manage the spill. And nothing made plain how little the British know and understand the about Americans than that they thought that the demonstrated incompetence of truly British dimensions would be acceptable. Eventually even the British were able to understand how deficient they are and put that operation under proper and competent US management.
British Petroleum has earned a well deserved reputation for incompetence and lack of professionalism within the industry. I think that the British company should be wound up and the US corporation should become the holding company.
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