Judge Approves BP Gulf Spill Settlement
A judge approved an agreement for BP to plead guilty and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
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A judge approved an agreement for BP to plead guilty and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class action settlement.
A settlement between the Justice Department and Transocean will pump dollars into projects designed to help the Gulf Coast recover from the nation's largest offshore oil spill.
The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.
CBS News has learned that BP is set to embark on the fifth day of a little-known mission to look for any new oil leaking from the Deepwater Horizon disaster.
BP has agreed to pay the largest criminal penalty in U.S. history, totaling billions of dollars, for the 2010 oil spill in the Gulf of Mexico, a person familiar with the deal said Thursday.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
Oil giant BP has agreed to pay $13 million to settle charges of failing to fix safety violations at its Texas City oil refinery after a 2005 explosion killed 15 workers.
The federal government's first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids Wednesday.
Kevin Costner said his reputation was at stake as he defended himself against accusations that he cheated fellow actor Stephen Baldwin out of millions of dollars after the 2010 oil spill.
Over 120 dolphins have turned up stranded in Texas since last fall, and researchers do not know why. Experts are looking at the BP oil spill and an algae bloom as possible causes.
Two Hollywood stars could spend the next two weeks in a New Orleans courtroom rather than on camera, on opposing sides in a real-life legal drama.
A judge has outlined a new structure for a trial of Gulf oil spill claims that wouldn't be resolved by a proposed class-action settlement between BP and a team of attorneys.
Gloom infects the hard-working shrimp and crab docks of gritty fishing towns in Louisiana, as the second full year of fishing since BP's catastrophic oil spill kicks into high gear.
A judge said that he is leaning in favor of granting approval to a class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.
A judge is set to preside over a hearing on a class-action settlement that would resolve billions of dollars in claims against BP over the 2010 Gulf oil spill.
BP and a team of attorneys have presented a settlement to resolve economic damage claims from the 2010 oil spill in the Gulf of Mexico.
A federal trial over the nation's worst offshore oil disaster has been delayed for a week to allow more time for settlement talks, according to two people close to the case.
BP said it was "in their mutual best interests, and the agreement is not an admission of liability by either party." The companies are dropping all claims against one another, they said.
BP Wind Energy has begun construction on its 90-turbine Trinity Hills wind farm about 90 miles northwest of Fort Worth.
Relatives of some of the 11 men who died aboard the Deepwater Horizon oil rig are flying over the Gulf of Mexico on Wednesday, back to the epicenter of the worst offshore oil spill in the nation's history.
Disasters like the Gulf oil spill could happen again, according to the conclusions of a presidential panel.
BP has launched its biggest push yet to clean the tourist beaches that were coated with crude during the Gulf oil spill.
Former BP chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill.
BP says the cost of the devastating Gulf of Mexico oil spill has grown to $40 billion, dragging down its third quarter net profit.
