Posts Tagged ‘ transocean ’

BP announces class-action settlement

April 19, 2012
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The Deepwater Horizon oil rig burns out of control before sinking into the Gulf of Mexico in April 2010.STORY HIGHLIGHTSBP, plaintiffs reach settlement on class-action claims Company estimates payout costs will be about $7.8 billion Parties file for preliminary court approval 11 workers died in 2010 oil rig explosion that prompted the nearly three-month spill…

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BP, plaintiffs reach Gulf spill agreement

March 3, 2012
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BP, plaintiffs reach Gulf spill agreementBy the CNN Wire StaffMarch 3, 2012 -- Updated 0357 GMT (1157 HKT)Crews suck up oil from the Deepwater Horizon disaster in Grand Isle, Louisiana, on June 9, 2010.STORY HIGHLIGHTSTerms of the agreement will be submitted for approval The trial is to determine civil liability for the April 2010 oil…

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