BP Names Former Statoil Boss Lund as Next Chairman
BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010.Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell, will replace Carl-Henric Svanberg, chairman of BP for almost nine years, at the beginning of next year.The 55-year-old Lund steered Statoil through its transformation from a state oil company into a leading global player, and…
BP Decries Deepwater Horizon Film as Inaccurate
BP has criticized the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatization of the deadly oil rig disaster in the Gulf of Mexico in 2010. "The Deepwater Horizon movie is Hollywood's take on a tragic and complex accident. It is not an accurate portrayal of the events that led to the accident, our people, or the character of our company," the British oil and gas company said in a statement on its website. "Deepwater Horizon," which is released in the United States on Friday, focuses on the hours before and after the explosion from a well blowout on the BP rig in the Gulf of Mexico in April 2010…
Mark Wahlberg Hopes 'Deepwater Horizon' Film Honors Victims
Actor Mark Wahlberg said "the biggest responsibility" for himself and the makers of the new movie, "Deepwater Horizon," was to honor the real-life victims of the 2010 oil rig disaster. "The oil can ultimately be cleaned up, (but) those 11 men can't be replaced," Wahlberg told Reuters at the film's London premiere on Monday. "Those were fathers, brothers, husbands, uncles, cousins. We can't replace those guys and so when they approached me about doing this film, I thought, 'What better way to promote their story'," he added.
'Deepwater Horizon' Filmmakers Say Authenticity a Priority
A top priority for a new movie about the deadly 2010 Gulf of Mexico oil spill was ensuring it accurately depicted the disaster that killed 11 workers, its director and main actor said. "Deepwater Horizon", which had its world premiere at the Toronto International Film Festival on Tuesday evening, focuses on the hours before and after the rig explosion on April 20, 2010 that led to the worst offshore oil disaster in U.S. history. Directed by Peter Berg, the film stars Mark Wahlberg as Mike Williams, the real life worker who was one of the last people to escape from the burning rig.
US Judge Approves BP Civil Settlement with US Government over 2010 Spill
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc's civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states. The company at the time said its total pre-tax charges from the spill set aside for criminal and civil penalties and cleanup costs were around $53.8 billion. Under the terms of the original agreement with the U.S. Department of Justice and the Gulf Coast states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states.
BP Faces Mexico Class Action Lawsuit over 2010 Oil Spill
A few months after reaching the largest corporate settlement in U.S. history, BP Plc faces a class action lawsuit in Mexico over its deadly 2010 Gulf of Mexico oil spill, which a civic group on Friday said it had filed against the company. Acciones Colectivas de Sinaloa, a group specializing in consumer and environmental class action claims, lodged the lawsuit against four BP units at a Mexico City court this week, said the head of its board, David Cristobal Alvarez. The claim was based on BP's acknowledgement of the damage caused when the Deepwater Horizon oil rig exploded on April 20…
U.S. Settles 2010 BP Spill Claims for $20 bln
The U.S. Justice Department on Monday said it settled its claims against oil company BP PLC for more than $20 billion. The 2010 rig explosion on April 20, 2010, the worst offshore oil disaster in U.S. history, killed 11 workers and spewed millions of barrels of oil onto the shorelines of several states for nearly three months. The settlement on Monday is "the largest settlement with a single entity in American history." (Reporting By Patrick Rucker and Emily Stephenson)
BP Reaches $18.7b Settlement Over 2010 Spill
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. The agreement comes on top of the $43.8 billion that BP has already set aside for criminal and civil penalties and cleanup costs. BP shares jumped more than 5 percent in New York trading as investors said the British company, often mentioned as a potential acquisition target, could now turn the page on one of the darkest chapters in its century-long history. Under the agreement with the U.S.
