Oil giant BP PLC is near to a settlement with U.S. authorities over the Gulf of Mexico oil spill, said U.K. newspaper The Sunday Times, meaning the company could take a further $11 billion hit.
The deal would draw a line under all criminal and civil penalties for the company, said the newspaper.
The company was unavailable for immediate comment.
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Recent Deepwater Horizon Articles
Deepwater Horizon Images
Most Read Deepwater Horizon Articles
From the Career Center
Jobs that may interest you