Report: BP Nears $15B Settlement Over Gulf Oil Spill

Deepwater Horizon Gulf of Mexico Oil Spill

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.

Click here to read the full story.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

Deepwater Horizon Images
ROV Accessing Horizon BOP Panel Deepwater Horizon in Flames (Apr 20) Satellite view of Horizon Fire (Apr 21) Deepwater Horizon on Fire (Apr 21)
Dark clouds of smoke and fire Deepwater Horizon Sinking (Apr 22) U.S. Air Force aerial spray Deepwater Horizon Sinking (Apr 22)
71 more images view image library


From the Career Center
Jobs that may interest you
Finance Manager
Expertise: Accounting|Executive|Laboratory Ops / Tech|Legal|ROV Ops / Tech
Location: Houston, TX
 
Lead/A Operator
Expertise: Laboratory Ops / Tech|Regulatory Compliance|Rotating Equipment|ROV Ops / Tech|Sales
Location: Lafayette, LA
 
ESR Advisor
Expertise: Environmental, Safety & Training|HSE Manager / Advisor|Regulatory Compliance
Location: Epping, ND
 
search for more jobs

Brent Crude Oil : $42.46/BBL 0.56%
Light Crude Oil : $41.6/BBL 1.11%
Natural Gas : $2.87/MMBtu 0.00%
Updated in last 24 hours