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litigation. The civil and criminal proceedings stemming from the explosion of Deepwater Horizon and the resulting massive oil spill in the Gulf of Mexico began shortly after the April 20, 2010 incident and have continued since then. They have included an extensive claims settlement process for a guilty plea to criminal charges by BP, and an ...
Takeaways from AP's story on the BP oil spill medical settlement's shortcomings. When the BP Deepwater Horizon drilling rig exploded in 2010 and spewed many millions of gallons of oil into the ...
BP strongly disagreed with the ruling and filed an immediate appeal. [28] [361] On 2 July 2015, BP, the U.S. Justice Department and five gulf states announced that the company agreed to pay a record settlement of $18.7 billion. [362] To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54 billion. [363]
Executive Chairman of L1 Energy, Past President of the Royal Academy of Engineering, Author, Member of the House of Lords. Edmund John Phillip Browne, Baron Browne of Madingley, FRS , FREng , FGS [ 1 ] (born 20 February 1948), is a British businessman. He is best known for his role as the chief executive of the energy company BP between 1995 ...
The controversy over whether BP (BP) should pay out a dividend to its shareholders is taking on a political life of its own. BP and its post-spill future are expected to be on the agenda this ...
The Deepwater Horizon investigation included several investigations and commissions, among others reports by National Incident Commander Thad Allen, United States Coast Guard, National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, Bureau of Ocean Energy Management, Regulation and Enforcement, National Academy of Engineering, National Research Council, Government ...
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
oil spill response. The Deepwater Horizon oil spill occurred between 10 April and 19 September 2010 in the Gulf of Mexico. A variety of techniques were used to address fundamental strategies for addressing the spilled oil, which were: to contain oil on the surface, dispersal, and removal. While most of the oil drilled off Louisiana is a lighter ...