BP, Plaintiffs Reach Settlement in Gulf Oil Spill Case – WSJ.com

BY TOM FOWLER BP PLC has agreed to a no-cap settlement with thousands of individuals and businesses affected by the Deepwater Horizon disaster, but the oil giant estimates its costs will be about $7.8 billion. According to statements released late Friday by BP and a committee of lawyers representing Gulf coast plaintiffs the settlement will [...]

BP loses attempt to share Deepwater Horizon oil spill costs | The Guardian

An attempt by BP to offload a major part of its Gulf of Mexico oil-spill compensation bill on to the US rig operator Transocean has been thrown out by a US court. The setback comes in the run-up to the main legal case against BP and its partners on 27 February in New Orleans, which [...]

Senate reaches bipartisan agreement on disaster funds – CNN.com

Washington (CNN) — The Senate on Monday night reached a bipartisan agreement intended to end a dispute over disaster relief spending that threatened to cause a partial shutdown of the government at the end of the week. In two votes, the Senate approved short-term spending measures to fund the government for the first seven weeks [...]

Feds blame BP, other companies for 2010 Gulf blast – CNN.com Blogs

BP, Transocean and Halliburton all share responsibility for the deadly explosion that resulted in the April 2010 Gulf of Mexico oil spill, according to the final federal report on the matter released Wednesday. The three companies “violated a number of federal offshore safety regulations,” according to the report, which includes a series of recommendations for [...]

Japan’s women inspire battered nation with World Cup win – CNN.com

Tokyo (CNN) — It’s not often that it’s acceptable to open a bottle of champagne at 7 o’clock on a Monday morning, but this was one of those occasions. David had beaten Goliath and the Japanese football fans crammed into a Tokyo bar had screamed themselves hoarse watching their national team play two-time winners the [...]

BBC News – Obama: US will seek oil in Alaska and Gulf of Mexico

The US will seek to expand domestic oil production in an attempt to reduce dependence on imported oil and bring down fuel prices, President Obama says. New leases for exploration will be granted in non-protected areas of Alaska and in the Gulf of Mexico. In his weekly address the president insisted the US could reduce [...]

Army Corps of Engineers Seeks to Destroy Levee as More Missouri Residents Are Rescued

The Missouri attorney general announced Tuesday that he will sue the U.S. Army Corps of Engineers before it destroys a breeched levee along the southeast section of the state. Attorney General Chris Koster and the Missouri Department of Natural Resources filed the federal lawsuit asking a judge to prevent the destruction of the levee. The [...]

2 million fish found dead in Maryland – CNN.com

(CNN) — Authorities in Maryland are investigating the deaths of about 2 million fish in Chesapeake Bay. “Natural causes appear to be the reason,” the Maryland Department of the Environment said in a news release. “Cold water stress exacerbated by a large population of the affected species (juvenile spot fish) appears to be the cause [...]

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