Oil giant BP is joining forces with the federal Justice Department to appeal a ruling that has decreased the extent of contracting company Transocean’s liability with regard to the Deepwater Horizon explosion and oil spill of 2010. Transocean Ltd. IsRead More

The chemical safety board (CSB) have released preliminary findings from their investigation into the 2010 Deepwater Horizon oil spill tragedy that suggest that BP and Transocean may be held liable for the incident. The CSB report states that the oilRead More

Negligent actions is the top focus of all of the BP oil spill claims in the beginning it has been proven that negligent actions such as failure to keep equipment running safely, being the first of the events to unfoldRead More

On Tuesday, the U.S. Justice Department filed federal criminal charges against Kurt Mix, a former engineer for BP, for obstruction of justice for allegedly destroying text messages which described the rate of oil gushing from the damaged Macondo well followingRead More

Rumors are swirling that BP, Plc has reached a $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC), a group that represents more than 100,000 individuals negatively affected by the 2010 Deepwater Horizon explosion and subsequent oil spill. This settlementRead More

U.S. District Judge Carl Barbier delayed the start of trial just 24 hours before it was set to get underway so that BP can discuss settlement with the Plaintiffs’ Steering Committee (PSC). The PSC represents thousands of individuals and businessesRead More

BP recently announced plans to raise its dividend by 14 percent up to 8.0 cents per share for the fourth quarter of 2011, making it the first rise since the company resumed paying out dividends about a year ago. TheRead More

In a recent federal court filing, BP demanded that contractor Halliburton pay for all of the costs incurred as a result of the Deepwater Horizon explosion and subsequent oil spill. BP last estimated the tab at approximately $42 billion. BPRead More

Cameron International Corporation sought to push back the BP Deepwater Horizon February 27th trial date by appealing U.S. District Judge Carl Barbier’s decision, based upon maritime law, to conduct a nonjury trial regarding who is liable for the explosion andRead More

On the morning of Friday, December 9, a 130-foot-long cylinder weighing approximately 950,000 pounds rolled off of a barge and into the water roughly 500 yards from shore. The cylinder en route to BP’s Cherry Point refinery in Cherry Point,Read More