Nearly three years after a deadly rig explosion in the Gulf of Mexico triggered the nation's worst offshore oil spill, a federal judge in New Orleans is set to preside over a high-stakes trial for the raft of litigation spawned by the disaster.
A federal judge on Tuesday approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
Al Qaeda-linked terrorists seized as many as 40 hostages, including an unknown number of Americans, in a deadly attack Wednesday on a natural gas field party operated by BP in Algeria.
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.
A lawyer for BP PLC entered a not-guilty plea for the company as it was arraigned on charges stemming from a deadly 2010 rig explosion and massive oil spill in the Gulf of Mexico.
Two men who worked for BP during the 2010 Gulf oil spill disaster have been charged with manslaughter and a third with lying to federal investigators, according to indictments made public Thursday, hours after BP announced it was paying $4.5 billion in a settlement with the U.S. government over the disaster.
Average U.S. mortgage rates rose slightly this week and continued to hover near record lows, a trend that has helped boost home sales and refinancing.
U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.
A sheen on the Gulf of Mexico likely came from oil seeping out of a piece of discarded equipment that failed to contain BP PLC's massive 2010 oil spill, the company and the Coast Guard said Thursday.
