Report: BP Nears $15B Settlement Over Gulf 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.
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.
- Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer (Oct 19)
- BP Thunder Horse Expansion in Gulf of Mexico Starts Early (Oct 18)
- Oil Drillers' Rocky Mountain High Threatened by Colorado Vote (Oct 17)