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Deepwater Horizon

In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has struck a deal to settle all federal, state and local claims against it for its role in the Deepwater Horizon oil spill for $18.7 billion. It would pay out that sum over 18 years, BP said Thursday.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

Supreme court rejects BP, Anadarko appeals over Gulf oil spill fines

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A federal appeals court last year upheld Barbier’s conclusion about BP’s and Anadarko’s liability under the Clean Water Act. The offshore explosion released millions of barrels of oil into the Gulf, the largest spill in U.S. history.
Deepwater Horizon

BP’s Gulf spill toll could run up to $68.2 billion

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The cost estimate means the remaining legal aftermath of the Deepwater Horizon oil spill, which includes impending environmental fines and settlement payments, could run up another $16 billion to $24 billion as the tangle of litigation around the spill unfolds for the next few years.
Deepwater Horizon

Midnight deadline approaches for oil spill settlement claims

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Claims administrator Patrick Juneau says there has been an uptick in the number of filings as the deadline approached. He said claims centers in Florida, Mississippi, Alabama, Louisiana and Texas will be open until midnight to handle claims.
In a Nov. 28, 2012 file photo, David  Rainey, center, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court in New Orleans. Rainey was acquitted of one charge of lying to federal investigators on June 5, 2015. (AP Photo/Matthew Hinton, File)

Ex-BP executive Rainey found not guilty of making false statement

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A federal jury has found a former BP executive not guilty of making false statements to investigators in connection with the 2010 Gulf of Mexico oil spill.
(AP Photo/Gerald Herbert, File)

Prosecution: Former BP exec lied to oil spill investigators

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Defense attorneys countered Tuesday that prosecutors are trying to convict David Rainey based on an interview conducted a year after the spill.
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)

Plan OK’d to drill into BP’s ill-fated Macondo reservoir

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A privately owned Louisiana firm will be looking to extract oil and gas deep under the Gulf of Mexico’s seafloor, an undertaking that proved catastrophic for BP.
Cameron’s Mark IV High-Availability BOP Control System is the only blowout prevention system that features three points-of-distribution, or PODs, which significantly lessens the chance of delays in drilling in the event of a POD failure. 

Credit Cameron

Cameron says its Mark IV blowout preventer is “future-proofed”

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Work on the Mark IV HA began three years ago with six months of research, followed by two-and-a-half years of engineering.
(AP Photo/Gerald Herbert, File)

Jury trials for medical suits over BP spill approved

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“BP disagrees with the Court’s ruling and is considering its options,” a company spokesman said.
(Matthew Lloyd/Bloomberg)

BP says oil spill bill over $2 billion would be “severe”

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Any fine above $2 billion against BP for the Deepwater Horizon disaster would be “extraordinary and severe,” double the highest-ever U.S. water-pollution fine and potentially crippling its American oil business, BP said in court documents.