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Texas joins flood of states suing BPTexas has joined the crowd of Gulf of Mexico states to file suit against BP, Halliburton and others for their role in one of the worst oil spills in the US history. The complaint in US District Court in Beaumont, Texas, alleges th More… |
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BP's profit tumbles 54pc on oil spill impactBritish energy giant BP said its net profits slumped by more than half in 2012 to hit $11.58 billion compared to $25.7 billion the year before as the company felt the impact of asset sales, writedowns and charges related to the Gulf of Mexico di More… |
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Transocean to pay $1.4bn for role in BP oil spillTransocean agreed to pay $1.4 billion to settle U.S. government charges over BP's massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transoce More… |
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BP to pay $4.5bn penalty over oil spillBP will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the US history, it said yesterday. The settlement includes a $1.256 billion More… |
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Iran plans 'oil spill to block Hormuz Strait'Iran's Revolutionary Guards chief has drafted a plan to cause an environmental disaster in the Strait of Hormuz to block seaborne oil exports with the goal of removing economic sanctions imposed on Tehran, the weekly Der Sp More… |
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BP reaches $7.8bn deal over oil spillBP has reached an estimated $7.8 billion deal with plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the US government, Gulf states and drilling partners. U More… |
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BP sues Transocean for $40bn over oil spillOn the first anniversary of the Gulf of Mexico oil spill, BP sued Transocean, seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International Corp f More… |
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Kuwait plans 'oil lakes' clean-upKuwait plans to launch a project to clean up what it calls 'oil lakes', referring to ground contamination resulting from crude spills during the Iraqi invasion in 1990. 'There is an estimated 60 million cubic metres of contamin More… |
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Gulf waters 'vulnerable to oil spill catastrophe'Extremly shallow waters in the Gulf make it one of the worst places in the world to have an oil spill, an expert has warned. What might be considered a minor spill elsewhere could have catastrophic consequences if it happened in this regio More… |
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Gulf waters 'vulnerable to oil spill catastrophe'Extremly shallow waters in the Gulf make it one of the worst places in the world to have an oil spill, an expert has warned. What might be considered a minor spill elsewhere could have catastrophic consequences if it happened in this regio More… |
