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Federal Report Highlights Need To Clean Gulf Coast

HOUSTON - (AP) Five coastal states are determined to clean up the damaged Gulf of Mexico ecosystem after last year's oil spill highlighted how decades of contamination and deterioration had placed a backbone of the U.S. economy at risk of ruin, according to a federal report released Wednesday. The...

BP Announces $7.8 Billion Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico reached an agreement on March 2 wherein the company would pay $7.8 billion to resolve...

Cadwalader: Initial Decision Finds that BP Manipulated 2008 Natural Gas Market in Texas

Introduction On August 13, 2015, a Federal Energy Regulatory Commission (“ FERC ” or “ Commission ”) Administrative Law Judge (“ ALJ ”) issued an initial decision in which she found that BP America Inc. et al. (“ BP ”) manipulated the natural gas market...