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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...

Company Agrees To Pay BP LLC $4 Billion To Settle Oil Spill Claims

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 ( In re: Oil Spill By The Oil Rig "Deepwater Horizon"...

BP Deepwater Horizon Securities Suit, Though Narrowed, Survives Dismissal Motion

In the wake of the disastrous April 2010 Deepwater Horizon oil spill, BP was hit with a wave of litigation from plaintiffs asserting claims of personal injury, wrongful death and property damage. The claimants also included BP shareholders raising allegations that they had been misled regarding BP...

Deepwater Horizon Oil Spill Ruling: BP and Andarko Are Responsible Parties and Liable For Civil Penalties Under Clean Water Act

NEW ORLEANS - (Mealey's) The federal judge in Louisiana presiding over litigation stemming from the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico held Feb. 22 that BP PLC and Andarko Petroleum Co. are liable for civil penalties under the Clean Water Act (CWA...

BP Announces Preliminary $7.8 Billion Settlement With Plaintiffs Over Gulf Oil Spill

Estimated $7.8B settlement expected to be paid from $20 billion Trust BP has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon...

$7.8B Settlement Reached By BP and Plaintiffs in Deepwater Horizon Gulf Oil Spill Claims

Lexis.com subscribers may click here to access Related Court Documents, Including Briefs, Pleadings and Motions for the Gulf Oil Spill Litigation . NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion...

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...

Gulf Oil Spill Plaintiffs' Steering Committee Announces Finalized Settlement With BP

Joint Motions Seek Preliminary Court Approval NEW ORLEANS -- The Plaintiffs' Steering Committee (PSC) leading the litigation surrounding the 2010 BP Gulf Oil Spill announced April 18 that it has finalized its settlement with BP. The PSC has filed for Class certification, and the Parties have...

Former BP Engineer Arrested For Obstructing Justice In Oil Spill Investigation

NEW ORLEANS - (Mealey's) The U.S. Department of Justice on April 24 announced that a former engineer for BP PLC was arrested for two counts of obstructing justice in the criminal investigation of the April 20, 2010, explosion of the Deepwater Horizon oil rig in the Gulf of Mexico for deleting text...

Judge Gives Preliminary Approval Of Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) The Louisiana federal judge overseeing the multidistrict litigation for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico gave preliminary approval for two separate class settlement agreements May 2, one resolving certain...

The BP Securities Litigation: Court Sustains One Group Of Investors' Claims Of Securities Fraud Arising From the Deepwater Horizon Disaster

On February 13, 2012, the Hon. Keith Ellison, federal district court judge for the Southern District of Texas, ruled on motions to dismiss filed by several British Petroleum ("BP") entities and individual defendants who have been sued for securities fraud. The gravamen of investors' claims...

BP To Pay $4.5 Billion, Plead Guilty To Criminal Charges For Oil Spill

N EW ORLEANS - (Mealey's) BP PLC announced on Nov. 15 that it would plead guilty to a dozen felony charges brought by the federal government and pay $4.5 billion in penalties over its involvement in the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico. ...

BP PLC To Pay $4.5 Billion, Plead Guilty To Criminal Charges For Gulf of Mexico Oil Spill

NEW ORLEANS - (Mealey's) BP PLC announced Nov. 15 that it would plead guilty to a dozen felony charges brought by the federal government and pay $4.5 billion in penalties over its involvement in the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico. The...

Federal Court Approves BP's Guilty Pleas, Agreement To Pay $4.5 Billion In Penalties

NEW ORLEANS - (Mealey's) A federal judge in Louisiana on Jan. 29 approved BP Exploration & Production Inc.'s offer to plead guilty to 11 counts of manslaughter and pay $4.5 billion in criminal penalties for its role in the explosion of the Deepwater Horizon oil rig on April 20, 2010, and...

DOJ: Judge Accepts Transocean’s Guilty Plea; Company to Pay $400M

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice announced that a federal judge in Louisiana has accepted Transocean Ltd.'s guilty plea today for violating the Clean Water Act (CWA) over its conduct leading to the 2010 explosion of the Deepwater Horizon oil rig and that the company...

DOJ: Judge Accepts Transocean’s Guilty Plea; Company to Pay $400M

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice announced that a federal judge in Louisiana has accepted Transocean Ltd.'s guilty plea for violating the Clean Water Act (CWA) over its conduct leading to the 2010 explosion of the Deepwater Horizon oil rig and that the company will...

Louisiana Federal Judge Signs Consent Decree For Deepwater Horizon $1 Billion Settlement

NEW ORLEANS - (Mealey's) The federal judge in Louisiana who is overseeing litigation arising from the April 2010 explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico on Feb. 19 approved Transocean Deepwater Inc. and its affiliates' agreement to pay $1 billion...

State Net Capitol Journal: Alaska Considering Investing Billions In Pipeline Project

A study commissioned by the state of Alaska that was released last week suggested that a direct investment by the state in a long-sought liquefied natural gas pipeline project might improve the project's prospects. The $424,000 study, conducted by a team that included New Hampshire-based oil consultant...

Halliburton Agrees To Pay $1.1 Billion To Resolve Most Gulf Oil Spill Claims

NEW ORLEANS — (Mealey’s) Halliburton Energy Services Inc. (HESI), the company that was responsible for cement work for the Macondo well in the Gulf of Mexico, on Sept. 2 filed an agreement in Louisiana federal court under which it will pay approximately $1.1 billion to resolve claims for...

Oil Spill MDL Judge: Discharge Was Result Of BP’s Willful Misconduct

NEW ORLEANS — (Mealey's) The federal judge in Louisiana overseeing litigation stemming from the explosion of the Deepwater Horizon oil rig in April 2010 and ensuing oil spill in the Gulf of Mexico issued his findings of fact and conclusions of law today with regard to Phase One of the trial...

Case of the Week: The ‘Deepwater Horizon’ Oil Spill

Nearly 4 ½ years after the oil well beneath the "Deepwater Horizon” rig blew out and spilled millions of barrels of oil into the Gulf of Mexico, legal news surrounding the disaster again made headlines last week. On Tuesday, Sept. 2, Halliburton Energy Services, Inc. announced an agreement...

Oil Rig Sea accident

Texas Supreme Court Revisits Additional Insured Coverage for Deepwater Horizon Disaster

In In Re Deepwater Horizon , No. 13–0670 (February 13, 2015), [ enhanced version available to lexis.com subscribers ], the Texas Supreme Court had occasion to consider the extent to which the scope of additional insured coverage is limited by the terms of a contract between the insured and the...

BP Agrees To Pay $18.7 Billion To Resolve Claims Over Gulf Oil Spill

NEW ORLEANS — (Mealey’s) BP Exploration & Production Inc. will pay $18.7 billion over the course of 18 years to resolve Clean Water Act (CWA) and natural resource damages claims from the federal government and states of Alabama, Florida, Louisiana, Mississippi and Texas stemming from...

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...