Macondo Oil

  • US bans BP from new contracts after spill deal 29-11-2012 07:29 AM

    Washington: 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. The suspension, announced by the US Environmental Protection Agency, comes on the heels...
  • BP agrees to pay $4.5 billion in penalties for US oil spill 16-11-2012 02:21 AM

    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....