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Tag Archives: BP

BP balks at extending spill settlement to moratorium losses

Spill victims proposed using damage formulas set out in BP’s settlement of economic-loss claims to compensate additional businesses for losses caused by the government’s suspension of deep-water drilling in the Gulf of Mexico after the spill.

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Ex-FBI chief to lead BP spill settlement program probe

Louis Freeh, a former federal judge, will conduct an external investigation to supplement an internal probe already under way of a staff attorney at the Deepwater Horizon Court Supervised Settlement Program.

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Transocean settles first Deepwater Horizon death case

Transocean Ltd. settled a lawsuit filed on behalf of one of 11 crew members killed when the company’s Deepwater Horizon drilling rig exploded April 20 in the Gulf of Mexico. The terms weren’t disclosed.

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Lawmaker calls for ‘unlimited liability’ for BP

At a congressional hearing attended by the CEOs of the top five oil companies, Rep. Edward Markey, chairman of the Energy and Environment Subcommittee, urged lawmakers to lift the liability cap for damages arising from oil disasters like the ongoing spill in the Gulf of Mexico.

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Count crimes committed in oily Gulf of Mexico

At least one federal crime had indisputably been committed when oil started spewing into the Gulf of Mexico and approached land. Another criminal act became clear when the first oil-covered sea bird died. Even if everyone involved in the Deepwater ...

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