Category: Gulf oil spill

BP asks Texas Supreme Court for ruling that would cut spill costs

The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.  More »

Original oil claims boss sides with BP in Supreme Court fight

The man who was in charge of BP’s original oil spill fund has urged the U.S. Supreme Court to require claimants to prove their losses were tied to the 2010 disaster.  More »

Moody’s outlook on BP debt turns negative after ruling

Moody’s Investors Service changed its outlook on billions of dollars of BP’s corporate debt from stable to negative a few days after a federal court’s ruling in the Deepwater Horizon case.  More »

Britain goes to bat for BP in Supreme Court brief

The British government is asking the U.S. Supreme Court to show mercy on BP as the London oil company faces steep costs for the 2010 Gulf of Mexico oil spill.  More »

Botched safety test, extra drilling key to “reckless” BP ruling

A federal judge’s ruling that BP was reckless in the lead up to the Gulf of Mexico oil spill hinged on the company’s decisions to drill deeper than was deemed safe and skip or misread well integrity tests, among other factors “motivated by profit.”  More »

Punitive damages question lingers in BP oil spill case

The question of whether BP can be charged for punitive damages for its role in the 2010 Gulf of Mexico oil spill could compel the Supreme Court to take up the matter, legal experts say.  More »

BP exec critiques oil spill reporting

On the eve of a federal judge ruling that the 2010 Deepwater Horizon disaster resulted from gross negligence on the part of BP, a company executive was rapping hundreds of environmental reporters for not describing the “full picture” about the oil spill.  More »

Judge rules BP was grossly negligent in oil spill

A federal judge on Thursday ruled that BP’s oil spill in the Gulf of Mexico four years ago was the result of gross negligence or willful misconduct by the London oil company.  More »

BP wants spill claims official ousted

BP says Patrick Juneau failed to disclose a major conflict of interest.  More »

Indicted former BP executive will be allowed to visit UK

David Rainey is now an executive with BHP Billiton Petroleum  More »

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »

Judge OKs BP’s subpoena of fed documents for now

A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.  More »
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