Posted by Reuters: Business News on January 26, 2012
CAMPOS, Brazil (Reuters) – A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.
Posted by Reuters: Business News on January 5, 2012
(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.
Posted by Reuters: Business News on January 4, 2012
(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.
Posted by Reuters: Business News on December 7, 2011
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.
Posted by Reuters: Business News on November 24, 2011
BRASILIA (Reuters) – Brazil’s government suspended Chevron Corp’s drilling rights until Chevron clarifies the causes of an offshore oil spill, the latest twist in a political firestorm threatening the U.S. company’s role in Brazil’s oil bonanza.
Posted by Reuters: Business News on September 2, 2011
(Reuters) – Halliburton Co is suing BP Plc for “negligent misrepresentation, business disparagement and defamation” related to BP’s claims about who was to blame for last year’s Macondo oil spill in the Gulf of Mexico.
Posted by Reuters: Business News on June 22, 2011
NEW YORK (Reuters) – Oil driller Transocean Ltd blamed BP Plc in a report released on Wednesday for last year’s Gulf of Mexico spill in the latest skirmish between the two companies over paying the costs for the maritime oil disaster.
Posted by Reuters: Business News on April 27, 2011
LONDON (Reuters) – BP Plc reported a 2 percent drop in first quarter replacement cost net profit as lower production and higher charges due to the oil spill outweighed the benefits of a rising oil price.
Posted by Reuters: Business News on April 21, 2011
LONDON (Reuters) – BP Plc has filed for damages totaling more than $80 billion from Halliburton and Transocean a year after the Gulf of Mexico rig explosion that killed 11 workers and spewed millions of barrels of oil into the sea.
Posted by Reuters: Business News on
LONDON (Reuters) – BP Plc has filed for damages totaling more than $80 billion from Halliburton and Transocean a year after the Gulf of Mexico rig explosion that killed 11 workers and spewed millions of barrels of oil into the sea.
