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...However, I would expect these changes to materialise over a slightly longer time horizon into the mid-2020s....
...Thomson Reuters also highlighted the cost to BP of the 2010 Deepwater Horizon disaster — $65bn by the end of 2017 — as a major contributor to total corporate legal liabilities over the past few years....
...By December last year, BP’s total bill for fines and settlements over Deepwater Horizon had reached around $62bn....
...US government actions to create an orderly process for a claims fund in the aftermath of BP’s Deepwater Horizon oil spill could be one model....
...BP said 99 per cent of more than 400,000 claims had already been resolved through the Court Supervised Settlement Programme, with just a few hundred left....
...(WSJ) BP takes another billion-dollar Deepwater charge The oil major is to take a further $1.7bn charge related to the Deepwater Horizon oil spill, bringing the total cost above $65bn, as the 2010 disaster...
...BP has paid out billions of dollars in compensation claims over the Deepwater Horizon disaster in the Gulf of Mexico....
...That sum was based on the $40bn in claims faced by BP for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico....
...The fine is larger than the total cost to BP of the Deepwater Horizon disaster, which has reached about $62bn. It is also almost seven times Chad’s 2015 gross domestic product of $10.9bn....
...For Mr Dudley, who took over from Tony Hayward in the aftermath of the Deepwater Horizon disaster, this marks the first time he has been able to focus on expansion after the last big legal settlement related...
...The penalty, which includes a criminal fine of $2.8bn, is the second-largest criminal environmental settlement in US history, behind BP’s Deepwater Horizon case....
...Seldom can this calculation have provided stronger protection than for the makers of Deepwater Horizon....
...The company appears to be heading for a criminal fine under federal environmental laws that is second only in size to BP’s $4bn payment over the Deepwater Horizon oil spill in 2010, says Daniel Uhlmann,...
...BP was earlier this year finally able to put the 2010 Deepwater Horizon disaster behind it, after the final major legal settlement related to the spill was approved by a US court in April....
...BP’s $20bn settlement with US authorities for civil penalties and damages over the 2010 Deepwater Horizon disaster has been finalised by a federal court, bringing to an end the government’s legal actions...
...BP has closed off another of the outstanding legal liabilities from the 2010 Deepwater Horizon disaster, agreeing a settlement to resolve claims from investors that could have reached $2.5bn....
...Kirkland, which has a reputation for being combative in its defence of companies, including BP after the Deepwater Horizon oil spill, had been hired by VW to provide advice on the emissions affair....
...(FT, Vox) BP caps another legal spill BP has closed off another of the outstanding legal liabilities from the Deepwater Horizon disaster....
...“If we use the BP [Deepwater Horizon] oil spill as a parameter, we could be looking at as much as R$40bn or R$45bn in damages,” said Mr Leite Sampaio....
...BP will pay a higher than expected $20.8bn to settle civil claims with US federal and state authorities over the 2010 Deepwater Horizon disaster, with $8.1bn of the funds designated for coastal wetlands...
...BP has agreed settlements with Transocean and Halliburton to resolve its legal disputes with the oil-services groups over the 2010 Deepwater Horizon disaster, closing another chapter in the long and complex...
...The Deepwater Horizon Claims Center led by Mr Juneau has already paid out $5.2bn under the settlement. BP’s original forecast of the cost was $7.8bn....
...[The settlement] liberates us.”...
...Indeed, the greater flexibility afforded by settling Deepwater Horizon is long overdue....
...The US government’s pursuit of BP over the Deepwater Horizon disaster of 2010 finally ended last week, years later than it should have done....
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