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Topic - Production Inc.

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  • ** FILE ** Fire-boat response crews spray water on the burning remnants of BP's Deepwater Horizon offshore oil rig on April 21, 2010. (AP Photo/U.S. Coast Guard, File)

    Federal judge to consider BP plea agreement in Gulf oil spill

    A federal judge on Tuesday scheduled a hearing for Jan. 29 in New Orleans to consider a plea agreement by BP Exploration and Production Inc. in the Deepwater Horizon oil spill in the Gulf of Mexico in April 2010, in which the company will plead guilty to 14 counts of felony manslaughter and felony obstruction of Congress and will pay criminal fines and penalties totaling $4 billion.

  • U.S. Attorney General Eric H. Holder Jr. is joined at a news conference in New Orleans about the BP oil spill settlement by Acting Associate Attorney General Tony West (far left) and Assistant Attorney General Lanny A. Breuer (second from right). BP agreed to plead guilty to felony manslaughter, environmental crimes and obstruction of Congress and to pay $4 billion in fines and penalties. (Associated Press)

    Guilty plea to cost BP $4B for explosion

    BP Exploration and Production Inc. agreed Thursday to plead guilty to felony manslaughter, environmental crimes and obstruction of Congress and to pay $4 billion in criminal fines and penalties for its conduct in the 2010 Deepwater Horizon disaster, which killed 11 people and caused the largest environmental disaster in U.S. history.

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