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BP preparing "vigorously" for oil spill lawsuits

Reuters: Business News — Tue, 07 Feb 2012 09:57:12 +0000

LONDON (Reuters) – BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains.

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BP must cover some Transocean oil spill damages

Reuters: Business News — Fri, 27 Jan 2012 07:26:34 +0000

(Reuters) – A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill.

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BP fund resumes payments to spill victims

Reuters: Business News — Thu, 05 Jan 2012 07:00:32 +0000

(Reuters) – BP’s $20 billion oil spill fund said it had resumed payments to eligible victims on Wednesday after receiving clarification from a U.S. district court regarding an escrow account set up to cover certain legal expenses incurred by the plaintiffs’ lawyers.

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BP fund halts payments to spill victims pending clarification

Reuters: Business News — Wed, 04 Jan 2012 14:20:40 +0000

(Reuters) – BP’s $20 billion oil spill fund has halted payments to eligible victims until a U.S. federal court clarifies an order issued in December, according to a notice posted on the fund’s website.

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BP challenges Halliburton court request on spill

Reuters: Business News — Tue, 03 Jan 2012 16:17:11 +0000

LONDON/NEW YORK (Reuters) – BP has opened 2012 with a new legal move in its battle to force contractor Halliburton to help pay the costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.

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BP settles with spill blow-out preventer maker Cameron

Reuters: Business News — Fri, 16 Dec 2011 18:40:35 +0000

(Reuters) – Cameron International Corp agreed a $250 million settlement with BP to help pay for costs associated with the Gulf of Mexico oil spill, raising hopes that deals between the British oil major and two other contractors could follow.

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U.S. cites BP 5 more times for Gulf spill

Reuters: Business News — Wed, 07 Dec 2011 19:11:20 +0000

WASHINGTON (Reuters) – The U.S. offshore drilling safety agency on Wednesday issued five more citations against BP for its oil spill in the Gulf of Mexico last year.

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BP says Halliburton destroyed Gulf spill evidence

Reuters: Business News — Tue, 06 Dec 2011 11:30:04 +0000

(Reuters) – BP Plc accused Halliburton Co of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish Halliburton.

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High oil prices may threaten growth: BP

Reuters: Business News — Tue, 06 Dec 2011 08:10:17 +0000

DOHA (Reuters) – The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP’s chief executive said on Tuesday.

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Russian court rejects $13 billion lawsuit against BP

Reuters: Business News — Fri, 11 Nov 2011 08:30:50 +0000

MOSCOW (Reuters) – A Russian court on Friday rejected a $13 billion lawsuit, filed by TNK-BP minority shareholders against BP, a BP lawyer told Reuters.

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