Sources: Reuters
London-based BP agrees, pending court approval, to pay $US18.7 billion to compensate the United States government and the five Gulf Coast states--Alabama, Florida, Louisiana, Mississippi and Texas--for damages stemming from the 2010 Gulf of Mexico oil spill. The settlement includes a civil penalty of $US5.5 billion under the Clean Water Act. 2015-07-2
BP and plaintiffs reach an agreement over compensation for the Deepwater Horizon oil spill in the Gulf of Mexico. 2012-03-2
BP raises the estimated cost of the Deepwater Horizon oil spill in the Gulf of Mexico to $40 billion. 2010-11-2
BP is to sell assets worth an estimated $1.8 billion as part of series of sales to help pay for damages caused by the explosion on its Deepwater Horizon rig in April, which killed 11 workers and spilled more than 200 million gallons of crude oil into the Gulf of Mexico. 2010-10-18
Animal welfare groups sue BP for burning endangered sea turtles and ask the court to stop the controlled burning of spilled oil in the Gulf of Mexico, claiming BP is violating the Endangered Species Act and other laws. 2010-07-1
BP chief executive Tony Hayward hands over responsibility for cleaning up the Gulf of Mexico oil spill to senior executive Bob Dudley "effective immediately". 2010-06-23
BP Chief Executive Tony Hayward testifies before the U.S. Congress, apologizing for the spill but avoiding answering most questions and stating that he was unaware of the risks at the Deepwater Horizon rig that exploded in April causing the oil spill. [http:--www.theaustralian.com.au-news-breaking-news-bp-ceo-grilled-by-us-congress-story-fn3dxity-1225881174531 ("The Australian")] [http:--www.cbsnews.com-8301-503544_162-20008103-503544.html (CBS)] [http:--www.miamiherald.com-2010-06-17-1686441-an-angry-congress-lambasts-bp.html (Miami Herald)]date=August 2019 2010-06-17
United States Coast Guard Admiral Thad Allen, the US government's response manager to the Gulf of Mexico oil disaster says that BP is making progress stopping the oil flow, but that it is too early to call the effort a success and the spill may continue for several months. 2010-06-6
BP's effort fails to plug the Gulf of Mexico oil spill, which is the worst in U.S. history, and is fouling marshland and beaches, as estimates of how much oil is leaking grow more dire. 2010-05-29
Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots as fresh evidence that the leak from the broken undersea well could be substantially worse than estimates that the United States government and BP have given. 2010-05-16