Anadarko expects spill fines to be "reasonable"
(Reuters) - Anadarko Petroleum Corp said any fine or penalty it may have to pay for the 2010 Gulf of Mexico oil spill would be a "reasonable one". The company told analysts on Tuesday that any possible penalty would not be "outlandish as reported in the media". "BP was there that day... With respect to Anadarko, it's not a big issue for us," said senior vice president Bobby Reeves. Last month, a judge ruled that BP and Anadarko are liable for civil damages under federal pollution laws over the 2010 oil spill, exposing them to billions of dollars in potential fines. ...
BP boosted by oil spill settlement (Reuters)
Reuters - Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and individuals impacted by the Gulf of Mexico oil spill worth an estimated $7.8 billion.
BP’s $7.8 billion deal may speed payments for U.S. spill (Reuters)
Reuters - The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees.
BP spill settlement clears way for comeback (AP)
AP - BP's multibillion-dollar settlement with people and businesses harmed by its 2010 oil spill removes some uncertainty about the potential financial damages it faces. It also may help the company restore its all-important relationship with the federal government.
BP expects to pay $7.8B in Gulf spill suit deal (AP)
AP - BP's settlement of lawsuits filed by more than 100,000 victims of the worst offshore oil spill in U.S. history goes a long way toward resolving pending claims. But the question remains, will Americans who live along the Gulf of Mexico go for it?
BP settles Gulf spill lawsuits for at least $7.8B (AP)
AP - BP agreed late Friday to settle lawsuits brought by more than 100,000 fishermen who lost work, cleanup workers who got sick and others who claimed harm from the oil giant's 2010 Gulf of Mexico disaster, the worst offshore oil spill in the nation's history.
BP, plaintiffs focus on Gulf oil spill settlement (AP)
AP - Nearly two years after his brother Gordon was killed in the Deepwater Horizon oil rig explosion, Chris Jones had planned to drive in from Baton Rouge with other relatives to attend the start of the federal trial over the nation's worst offshore oil disaster.
BP oil spill trial delayed for settlement talks (Reuters)
Reuters - The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.
Gulf oil spill trial delayed for settlement talks (AP)
AP - A judge has delayed the federal trial over the nation's worst offshore oil disaster by a week, saying Sunday that BP PLC was making some progress in settlement talks with a committee overseeing scores of lawsuits, according to people close to the case.
BP faces billions in fines as spill trial nears (AP)
AP - On the cusp of trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside law offices, war rooms and hotel suites in New Orleans and Washington, they are trying to put a number on what BP and its partners in the doomed Macondo well project should pay to make up for the worst offshore spill in U.S. history.
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