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Topics A BP logo is seen at a petrol station in London May 15, 2013. British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil
announced today that income from continuing operations for the first quarter of 2013 was $624 million, or $0.67 per diluted share, excluding a $637 million charge, after-tax, or $0.68 per diluted share, to increase a reserve related to the Macondo
BP says it has failed to reach a settlement in advance of next week's civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against allegations of gross negligence in the U.S.'s biggest environmental disaster. Rupert
BP has set aside a further $4.1bn (£2.6bn) to cover costs relating to the Gulf of Mexico oil spill, as it reported a fall in profit. It takes the total cost of the explosion at the company's Deepwater Horizon rig in April 2010 to $42.2bn (£26.8bn).
The death toll has risen to 36 following an explosion at a Mexican oil company's headquarters and the search for survivors has been called off, officials said. One person remains unaccounted for amid the rubble at the Pemex compound in Mexico City.
The director of Mexico's state-owned oil company says that the death toll in an explosion at its headquarters has risen to 32 people. Emilio Lozoya says 121 people were treated for injuries in Thursday's blast Thursday in an auxiliary building at the
Transocean will plead guilty to one count of violating the Clean Water Act, according to a consent decree between the company and the government filed Thursday in federal court in New Orleans. Transocean, based in Vernier, Switzerland, will pay $1
Thursday, Jan. 03, 2013 Mecklenburg Countys unemployment rate rose to 9 percent in November, according to state figures released Thursday. The local unemployment rate is an increase of 0.3 percent over October, which had marked the first time since
District Judge Carl Barbier in New Orleans issued a 125-page ruling Friday night on a class-action suit. He gave the settlement preliminary approval in May and overruled questions and criticism of the agreement in his Friday ruling. "None of the
A federal judge has given final approval to BP PLC's settlement with businesses and individuals who lost money because of the 2010 Gulf of Mexico oil spill. BP estimates it will pay $7.8 billion to resolve more than 100,000 claims by businesses and