February 28, 2013
A senior BP PLC executive conceded Thursday in trial over the Deepwater Horizon oil spill that site leaders and rig workers should have acted on warning signs that the Macondo well was about to fail, and that the company didn't investigate how its own management contributed to the disaster.
February 27, 2013
BP PLC misled offshore oil regulators about conditions at the Macondo well and made the "egregious" decision to keep drilling after it was clearly dangerous to do so, a well design expert testified Wednesday in trial over the Deepwater Horizon disaster.
February 26, 2013
A top BP PLC executive admitted Tuesday that the Deepwater Horizon explosion and blowout was a known risk, but he insisted in testimony on day two of a trial over the disaster that the company and its contractors shared responsibility for safety on the rig.
February 25, 2013
As the civil trial over liability in the deadly Deepwater Horizon oil spill opened Monday, lawyers for the Justice Department, state governments, private plaintiffs and drilling contractors argued most of the blame for the disaster should fall on rig operator and well owner BP PLC.
February 21, 2013
BP PLC's rejection of settlement offers from the Justice Department in litigation over the Deepwater Horizon oil spill shows the company is convinced it can reduce its biggest liabilities from the disaster by heading to trial next week.
February 19, 2013
A federal judge on Tuesday approved a $1 billion civil settlement between Transocean Ltd. and the federal government to resolve the major environmental claims against the company in multidistrict litigation over the Deepwater Horizon oil spill.
February 19, 2013
The U.S. government agreed to slash the potential environmental fines facing BP PLC over the Deepwater Horizon oil spill by as much as $3.48 billion Tuesday, even as the company refused more expansive settlement proposals for next week's class action trial over the disaster.
February 13, 2013
BP PLC on Wednesday braced itself against a possible $21 billion in Clean Water Act penalties for its role in the 2010 Deepwater Horizon disaster, challenging the government's remarks about them in papers relating to the $1.4 billion settlement by the ill-fated rig's owner, Transocean Deepwater Inc.
January 30, 2013
The U.S. government on Wednesday asked a Louisiana federal court to force BP PLC's lawyers to turn over documents related to fraudulent statements made to Congress about the rate at which oil was escaping into the Gulf during the 2010 Deepwater Horizon spill.
January 18, 2013
Halliburton Energy Services Inc. sought Thursday to nix claims assigned to it by BP PLC as part of a $7.8 billion class action settlement for Deepwater Horizon oil spill victims, saying the class was certified only for settlement purposes and shouldn't have roped in Halliburton.