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Court hears arguments on BP oil spill settlement

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A federal appeals court heard dueling arguments Monday on whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.
(AP file photo/Alastair Grant)

Court to hear arguments on BP oil spill settlement

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A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.
(ssalonso/Flickr)

Appeals court to review approval of BP settlement

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Plaintiffs’ attorneys who brokered the deal want the 5th U.S. Circuit Court of Appeals to uphold the class-action settlement.
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Refining business hits BP profit

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Third quarter profit for BP fell by a third compared with the same period a year ago, as earnings for its refining arm dropped sharply.
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Phase of trial wraps up over estimates of BP oil spill

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U.S District Judge Carl Barbier did not say when he will rule.
Categories: Gulf oil spill
Former FBI Director Louis Freeh.  (Associated Press)

Target of BP probe questions Freeh’s impartiality

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Former FBI Director Louis Freeh said he found “ample evidence” some attorneys tried to corrupt the settlement process.
Categories: Gulf oil spill
(James Nielsen/Houston Chronicle)

Ex-Halliburton manager pleads guilty

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A former Halliburton manager pleaded guilty Tuesday to destroying evidence in the aftermath of the deadly rig explosion that spawned BP’s massive 2010 oil spill in the Gulf of Mexico.
(AP Photo/US Coast Guard, File)

Court sets deadline for proposed new oil spill payment rules

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BP and attorneys for victims in the Gulf of Mexico oil spill have until 5 p.m. on Tuesday to work out language for a “narrowly tailored” preliminary injunction that would suspend settlement payments to certain claimants, a federal judge said Friday.
(AFP PHOTO/US COAST GUARD/AFP/Getty Images)

Oil spill legal worries still haunt BP investors

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Even though BP has sold off $40 billion in assets — mostly for liquidity to pay for oil spill costs — the resumption of a civil trial in New Orleans has stirred up renewed investor anxiety about the possibility of $18 billion in pollution fines.
(Bureau of Safety and Environmental Enforcement)

Independent auditors approved for offshore safety reviews

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The Center for Offshore Safety, an industry group developed after the Deepwater Horizon oil spill in 2010 to foster best practices for the industry, has given its approval to three initial auditing organizations for reviewing offshore companies’ safety plans.