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BP

BP Asks Court to Return ‘Overpayments’ from Oil Spill Settlement

BP Asks Court to Return ‘Overpayments’ from Oil Spill Settlement BP is asking a federal judge to order restitution and interest for what it claims are hundreds of millions of dollars of overpayments to businesses from the 2010 Gulf oil spill, according to The Association Press. BP filed its request…>read more

No Comment June 30, 2014

BP Faces Billions of Dollars in Additional Payments

BP Faces Billions of Dollars in Additional Payments According to a report by Bloomberg News, BP faces billions of dollars in additional payments after they failed again to convince an appeals court that the company is being forced to pay claims that are not directly related to the…>read more

No Comment May 21, 2014

BP Says Businesses Not Harmed by the 2010 Oil Spill Collected Millions

BP Says Businesses Not Harmed by the 2010 Oil Spill Collected Millions BP plc, sometimes referred to by its former name British Petroleum, is a British multinational oil and gas company headquartered in London, England. It is one of the six oil and gas “supermajors”. BP says that according to CBS News…>read more

No Comment May 5, 2014

BP Oil Spill Award must be Returned by Lawyers

BP Oil Spill Award must be Returned by Lawyers On Tuesday, a federal judge ruled that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent. The fraudulent claim was madeĀ  by Casey Thonn for seafood losses. A…>read more

No Comment May 1, 2014

British Petroleum Appealing: Oil Spill Liabilities are Just too Costly

British Petroleum Appealing: Oil Spill Liabilities are Just too Costly British Petroleum will be forced to live with a $9.2 billion dollar settlement for the people affected by the Gulf of Mexico oil spill. The energy and oil giant had previously claimed that there was significant misinterpretation of their deal,…>read more

No Comment March 4, 2014

BP Loses Bid to Require Proof of Losses in Spill

BP Loses Bid to Require Proof of Losses in Spill British Petroleum (BP) lost a bid to require businesses to provide proof that their economic losses were caused by the 2010 Gulf of Mexico oil spill. Although BP initially valued the economic-loss settlement at $7.8 billion, The Gulf of Mexico…>read more

No Comment December 25, 2013

BP Ramps Up its Legal Horse Power as it Files a Lawsuit Against EPA

BP Ramps Up its Legal Horse Power as it Files a Lawsuit Against EPA BP is increasingly adding more lawyers to defend and protect its company. Since the oil spill that cost it billions, the EPA has suspended the company from receiving new federal contracts. Its existing contracts that are valuated at $1.3 billion…>read more

No Comment August 14, 2013

BP Claims to Be Victim in New Orleans Oil Spill

BP Claims to Be Victim in New Orleans Oil Spill British Petroleum was the real victim of the New Orleans oil spill, or at least that is what the company is claiming in thousands of legal letters and full page newspaper advertisements. The company, which is directly responsible for the…>read more

1 Comment June 26, 2013

BP in Court Today for Gulf of Mexico Oil Spill

BP in Court Today for Gulf of Mexico Oil Spill The trial in the BP oil spill case began on Monday morning in New Orleans in front of a federal judge and without a jury, according to Reuters. “This is a game of corporate chicken,” said John Zavitsanos, a Houston…>read more

No Comment February 25, 2013

Settlement in BP Oil Spill Approved by Judge

Settlement in BP Oil Spill Approved by Judge On Friday, the United States judge issued final approval to BP Plc’s settlement with businesses and individuals who suffered money losses and property losses in the 2010 Gulf of Mexico oil spill, according to Reuters. The order issued by the…>read more

No Comment December 24, 2012

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