BP to challenge Siberian court’s $3bn payout

British oil giant BP was today ordered to pay a Russian partner $3billion (£1bn) in damages by a Siberian court. The lawsuit against BP was brought by a group of minority shareholders in its venture TNK-BP. The oil firm has been told to pay up after the collapse of a deal to explore the Arctic […]

BP ordered to pay Transocean’s costs for Deepwater spill

A US court has agreed that BP’s contractor involved in the Deepwater Horizon disaster, Transocean, is not responsible for all compensatory damage claims raised by third parties for the oil spill and that BP must bear some responsibility instead. A United States District Court statement read: “BP is required to indemnify Transocean for compensatory damages […]