The US government banned BP Plc from new federal contracts on Wednesday over its "lack of business integrity" in the 2010 Deepwater Horizon oil spill, a move that could imperil the British energy giant's US footing. ...
07:29 AM, Nov 29, 2012
Washington: BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst US offshore oil spill ever. The settlement includes a $1.256 billion criminal fine, the largest such levy in US history, the oil company said on Thursday. US Attorney General Eric Holder called the deal a "critical step forward" but was adamant that it did not end...
02:21 AM, Nov 16, 2012
Washington: Poor management and critical mistakes by BP and its contractors led to the largest offshore oil spill in US history, according to the final report of the largest US government probe into last year's massive Gulf oil spill. Investigators from the US Coast Guard and Bureau of Ocean Energy Management scattered blame for the accident on the companies involved while also saying stronger regulations could have helped prevent the...
02:27 AM, Sep 15, 2011
