Gulf of Mexico Oil Spill

UPDATE 1-TNK-BP delays dividend decision

MOSCOW, May 21 - TNK-BP, Russia's third-largest crude oil producer, on Monday postponed a decision on a dividend payout, in a sign of a broadening rift between shareholders BP and a quartet of Russia-connected tycoons.

BP wins delay of Gulf spill trial until 2013

- A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this summer.

03 May 2012

BP wins delay of Gulf spill trial until 2013

* BP still litigating with U.S., states, drilling partners

03 May 2012

BP's $7.8 billion Gulf spill pact wins initial court OK

- BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill.

02 May 2012

BP's $7.8 bln Gulf spill pact wins initial court OK

* BP still litigating with U.S., states, drilling partners

02 May 2012

U.S., Alabama urge no delay in BP oil spill trial

- The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion settlement of private party claims.

01 May 2012

UPDATE 1-US, Alabama urge no delay in BP oil spill trial

* US, Alabama say delay beyond November hearing not needed

01 May 2012

Alabama urges no delay in BP oil spill trial

- A trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion settlement of private party claims, the state of Alabama said on Tuesday.

01 May 2012

Alabama urges no delay in BP oil spill trial

* BP seeks OK of accord with private claimants before trial

01 May 2012

BP profit falls as Gulf spill costs still weigh

LONDON - BP Plc reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

01 May 2012

Factboxes & Scenarios

Gardner Workers use pumps to suck up pockets of oil in Bay Barataria near Grand Isle, Louisiana June 13, 2010. REUTERS/Sean Gardner

Q&A: How would penalties apply?

Companies linked to the Gulf of Mexico oil spill face increasing liabilities and potential penalties. Here are some questions and answers on how it could play out.  Full Article