BP agrees $7.8bn Deepwater Horizon settlement

BP has agreed to pay $7.8 billion (£4.9bn) to 110,000 businesses and individuals affected by the Gulf of Mexico disaster in April 2010. Despite this the US Department of Justice is expected to press ahead with its own $18 billion lawsuit against the British oil giant. BP reached the settlement for financial and and medical […]

BP Deepwater trial delayed a week

British oil giant BP’s trial over the damages for the Deepwater Horizon disaster in April 2010 has been delayed by a week. The US District Court case was due to start in New Orleans today but has been pushed back to Monday 5 March to give BP more time to reach a settlement with the […]

BP’s Deepwater partner pays $90m

One of BP’s partners in the Macondo oil rig disaster is paying $90million (£56.7m) in a settlement with the US authorities. The US Department of Justice said Japanese firm MOEX Offshore 2007 agreed to pay the sum for its part in the spill in April 2010, which was the largest in recorded US history leaking […]

BP pays more as Halliburton wins and loses

BP, the firm at the centre of the Deepwater Horizon environmental disaster, has been ordered to protect contractors Halliburton from third party compensatory claims, which means BP will be forced to pay the majority of the clean-up costs. Halliburton, which provided cementing services for the Macondo well that leaked the biggest oil spill in US […]

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 […]

Gulf of Mexico spill scientists get $22m boost

Scientists looking into the long term environmental effects of last year’s Deepwater Horizon disaster in the Gulf of Mexico will receive $22m. The funding is the first part of BP’s commitment to provide $500 million over ten years to support independent scientific research into the effects of the spill and to develop innovative new ways […]

Charities hail emerging Deepwater cleanup plans

Half a dozen US charities and nature groups are hailing new draft plans for restoring communities and ecosystems hit by the Gulf of Mexico oil spill. British oil giant BP is pumping $1billion into the Deepwater Horizon Natural Resource Damage Assessment group. Its trustees yesterday set out how they will begin restoring natural resources. A […]

Documentary stirs fears over BP’s Macondo oil spill

A documentary about the effects of the Deepwater Horizon oil spill is premiereing in Los Angeles this week. Called The Big Fix, the film touches on scientists’ concern that a “second wave” of oil is rising from oil giant BP’s Macondo well, which suffered an explosion in April 2010, causing the largest oil spill in […]

Transocean sue BP over deepwater disaster

A subsidiary company of drilling company Transocean has decided to take legal action against BP for damages sustained at the Deepwater Horizon disaster in the Gulf of Mexico in 2010. Transocean Offshore Deepwater Drilling Inc. owned the rig that suffered in the blast that killed 11 people. Transocean said BP must indemnify it for damages […]

BP secures fresh permit to drill Gulf of Mexico

BP has secured the first permit to drill in the Gulf of Mexico since the Macondo oil spill in 2010 lead to a moratorium on drilling in the area. The US authorities have now given the British company permission to continue work in the Kaskida field. BP was forced to halt plans for the field […]