Litigation

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Company Agrees To Pay BP LLC $4 Billion To Settle Oil Spill Claims
Posted on 17 Oct 2011 by Christopher Bauer

NEW ORLEANS - (Mealey's) BP LLC announced Oct. 17 that it has reached a $4 billion settlement agreement with a company that held a 25 percent interest in the Gulf of Mexico oil drilling site of the 2010 Deepwater Horizon explosion and oil spill (... Read More

Oil Field Service Company Settles Claims Related To Gulf Oil Spill Litigation
Posted on 21 Jun 2011 by Christopher Bauer

NEW ORLEANS - (Mealey's) Weatherford International Ltd. announced June 20 that it has reached a $75 million agreement with BP LLC to settle any claims between the companies relating to the Deepwater Horizon incident and oil spill ( In re: Oil Spill... Read More

The Gulf Oil Spill: Where We Are One Year Later
Posted on 20 Apr 2011 by Gregg Lawson

NEW ORLEANS - One year ago on April 20, an explosion and fire on the Deepwater Horizon oil rig killed 11 people and sent millions of gallons of oil into the Gulf of Mexico in a spill it took three months to stop. A year after the worst offshore oil... Read More

Oil Spill Commission Final Report Blames Deepwater Disaster On 'Systemic Failures'
Posted on 4 Feb 2011 by Gregg Lawson

WASHINGTON, D.C. - The presidential commission appointed to study the Deepwater Horizon disaster concludes in its final report that the Macondo well blowout can be traced to a series of mistakes by numerous parties "that reveal such systemic failures... Read More

Oil Spill MDL Judge Dismisses Environmental Claims For Injunctive Relief
Posted on 17 Jun 2011 by Shane Dilworth

NEW ORLEANS - (Mealey's) The federal judge presiding over cases stemming from the oil spill in the Gulf of Mexico caused by the explosion of the Deepwater Horizon oil rig on June 16 dismissed claims seeking injunctive relief against BP Plc. and Transocean... Read More

BP Report Blames Numerous Parties, Factors For Gulf Oil Spill
Posted on 9 Sep 2010 by LexisNexis Litigation Resource Community Staff

BP on Sept. 8 released a report blaming a number of factors and parties, including itself, Halliburton and Transocean, for the April 20 explosion on its Deepwater Horizon deepwater oil drilling rig. In a press release on the BP Web site ( www.bp... Read More

Halliburton, Transocean Strike Back At BP Oil Spill Report
Posted on 10 Sep 2010 by LexisNexis Litigation Resource Community Staff

Halliburton and Transocean have struck back at their partner in the Deepwater Horizon drilling rig that exploded and caused the massive Gulf oil spill, criticizing the findings of a BP investigation report released Sept. 8 that found them equally to blame... Read More

4.9M Barrels Spewed From Gulf Well
Posted on 4 Aug 2010 by LexisNexis Litigation Resource Community Staff

VENICE, La. - (UPI) BP's damaged Gulf of Mexico well gushed about 5 million barrels of oil after an April 20 explosion that killed 11 oil rig workers, scientists said Monday. The Macondo well sent 4.9 million barrels of oil -- 205.8 million gallons... Read More

Panel: BP Faulted Oil Rig Cement Work Years Before Gulf Blowout
Posted on 18 Feb 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Oil company BP had identified problems with work by its cement company long before the massive Gulf oil well blowout, which investigations have blamed on cement failing at the bottom of the hole, a presidential panel investigating... Read More

New Evidence Cites More BP Oil Spill Mistakes
Posted on 16 Sep 2011 by LexisNexis Litigation Resource Community Staff

A BP scientist identified a previously unreported deposit of flammable gas that could have played a role in the Gulf of Mexico oil spill, but the oil giant failed to divulge the finding to government investigators for as long as a year, according to interviews... Read More

BP Gets $1 Billion Settlement From Gulf Well Partner
Posted on 23 May 2011 by LexisNexis Litigation Resource Community Staff

LONDON - (AP) BP has struck a deal to receive around $1 billion from one of its minority partners in the blown-out Gulf of Mexico well, raising hopes it will successfully pursue other companies involved and reduce its bill for the disaster. BP PLC said... Read More

Judge Tosses RICO Claims Against BP For Oil Spill
Posted on 20 Jul 2011 by LexisNexis Litigation Resource Community Staff

ATLANTA - (AP) A federal judge on Friday threw out racketeering claims by the lead plaintiffs suing BP over last year's oil spill, and he gave the company another win by setting aside claims filed by one of BP's partners in the well project that... Read More