BP plc will not face lawsuits by energy firms over losses they have attributed to the six-month drilling moratorium imposed in the Gulf of Mexico (GOM) following the 2010 Macondo well blowout, a district court judge has ruled.
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Facing Potential Heavy Penalties, BP Will Appeal Judge’s Finding of Gross Negligence
BP plc said Thursday it would appeal a U.S. district court ruling that found it grossly negligent for the April 2010 Macondo well blowout in the deepwater Gulf of Mexico, a ruling likely to cost billions in Clean Water Act (CWA) penalties. Contractors Halliburton Co. and Transocean Ltd. also were found negligent, but the court said their share of liability was “considerably less.”
September 4, 2014
Court Again Rules in Favor of BP in Macondo Settlement
BP plc may be spared from paying hundreds of millions in compensation payments related to the 2010 Macondo well blowout in the Gulf of Mexico following an appeals court ruling late Monday.
December 3, 2013
Fifth Circuit Rules in Favor of BP on Damage Claims
A federal appeals court in New Orleans on Wednesday ordered that some payments required to be paid by BP plc be halted to Gulf Coast businesses claiming they were impacted by the Macondo well blowout.
October 4, 2013
Phase Two of BP Trial Underway
The second phase of the multi-district litigation (MDL) against BP plc concerning the Macondo well blowout got underway Monday in New Orleans, with lawyers battling it over the amount of oil spilled into the Gulf of Mexico for 87 days beginning April 20, 2010.
October 1, 2013
‘Problematic’ Issues Found in BP Macondo Claims Process
The federal judge overseeing the BP plc claims settlement process regarding the Macondo well blowout has expanded former FBI Director Louis Freeh’s duties after the special master found some problems with the claims office.
September 10, 2013
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