Friday, Dec 19, 2014Friday, Dec 19, 2014

News

 

BP says in 'advanced discussions' to settle Gulf spill case

Published on Nov 15, 2012 3:44 PM
 
Hundreds, if not thousands, of small fish known as menhaden washed up dead on the beach in Gulfport, Mississippi after the BP oil spill. British energy giant BP said on Thursday that it was in advanced discussions to settle open criminal and regulatory cases with US authorities surrounding the 2010 Deepwater Horizon disaster that killed 11 workers and sent millions of barrels of oil spewing into the Gulf of Mexico. -- ST PHOTO: CHUA CHIN HON

LONDON (AFP) - British energy giant BP said on Thursday that it was in advanced discussions to settle open criminal and regulatory cases with US authorities over the 2010 Gulf of Mexico oil spill disaster.

"BP confirms that it is in advanced discussions with the United States Department of Justice and the Securities & Exchange Commission regarding proposed resolutions of all US federal government criminal and SEC claims against BP in connection with the Deepwater Horizon incident," said a statement.

"No final agreements have yet been reached and any resolutions, if agreed, would be subject to federal court approvals in the United States."

The British firm added that the proposed resolutions are not expected to cover federal civil claims, including damages under the Clean Water Act, federal and state natural resources damages claims or outstanding private civil claims.

 
If you are not a subscriber, you can get instant, unlimited access here