Posts Tagged ‘BP’

Court reverses decision on BP getting oil spill insurance money

NEW ORLEANS — A federal appeals court has withdrawn its earlier ruling that BP is entitled to a portion of $750 million in coverage under a contractor’s insurance policies to help the London-based oil giant pay for costs associated with its massive 2010 oil spill in the Gulf of Mexico. A three-judge panel of the […] [...]

Judge refuses to suspend oil spill settlement payments

NEW ORLEANS — A federal judge has rejected BP’s latest request to suspend settlement payments to Gulf Coast residents and businesses while former FBI Director Louis Freeh leads an independent investigation of the program, which compensates victims of the company’s 2010 oil spill. U.S. District Judge Carl Barbier’s order today says an internal probe by […] [...]

Judge sets deadline for oil spill claims administrator to respond to BP allegations

NEW ORLEANS — A federal judge has set an Aug. 26 deadline for court-supervised claims administrator Patrick Juneau to respond to BP’s allegations that it has uncovered new allegations of fraud and conflicts of interest inside a settlement program that has awarded billions of dollars to Gulf Coast businesses and residents. In an order yesterday, […] [...]

Judge rules BP must pay oil spill settlement administrator

NEW ORLEANS — A federal magistrate has ordered BP to pay more than $130 million in fees to the court-supervised administrator of its multibillion-dollar settlement with Gulf Coast businesses and residents after the company’s 2010 oil spill. U.S. Magistrate Sally Shushan ruled that BP is obligated to fund the settlement program’s third-quarter budget even though […] [...]

BP claims it’s found more fraud in oil spill settlement program

NEW ORLEANS — BP says it has uncovered new allegations of fraud and conflicts of interest inside the settlement program that has awarded billions of dollars to Gulf Coast businesses and residents following the company’s 2010 oil spill in the Gulf of Mexico. In a federal court filing today, BP renewed its request for a […] [...]

Halliburton to plead guilty to obstruction in oil spill investigation

NEW ORLEANS — Halliburton Energy Services has agreed to plead guilty to destroying evidence in connection with the 2010 Gulf oil spill, the Department of Justice said yesterday. Federal officials said in a news release that a criminal information charging Halliburton with one count of destruction of evidence was filed in federal court in Louisiana. […] [...]

Attorneys ask judge to allow oil spill payments to continue

NEW ORLEANS — A team of plaintiffs’ lawyers urged a federal judge on Thursday to reject BP’s bid to suspend all settlement payments to Gulf Coast businesses and residents who claim they lost money after the company’s 2010 oil spill. In a court filing, attorneys who brokered a multibillion-dollar settlement with BP PLC say the […] [...]

Judge to hear BP’s complaint about oil spill claims

NEW ORLEANS — A federal judge has scheduled a hearing Friday on BP’s bid to temporarily block settlement payments to Gulf Coast businesses and residents who claim they lost money after the company’s 2010 oil spill. Yesterday, BP asked U.S. District Judge Carl Barbier to suspend the payments while former FBI Director Louis Freeh investigates […] [...]

Researchers: Oil sheen coming from Deepwater Horizon wreckage

GULF OF MEXICO — A team of researchers has concluded that pockets of oil trapped in the wreckage of the sunken Deepwater Horizon are the likely source of oil sheens that have been spotted in the Gulf of Mexico near the site of the deadly 2010 explosion on the BP-leased drilling rig. A newly published […] [...]

BP launches hotline to report fraudulent oil spill claims

GULF COAST — BP has set up a hotline for people to report alleged fraud involving claims arising from the company’s massive 2010 oil spill in the Gulf of Mexico. Today’s launch of the hotline comes a week after a federal appeals court heard BP’s argument that it has been forced to pay hundreds of […] [...]

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