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15 Nov 2012


BP gets record US criminal fine over Deepwater disaster

BP has received the biggest criminal penalty in US history after agreeing to pay $4.5bn (£2.8bn) to settle criminal charges related to the 2010 Deepwater Horizon disaster…The settlement with the Department of Justice involves BP pleading guilty to criminal charges…"All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region," said Bob Dudley, BP's chief executive…It is thought that a small number of BP staff may be arrested…The 2010 Deepwater Horizon disaster killed 11 workers and released millions of barrels of crude into the Gulf of Mexico over 87 days. [also refers to Transocean, Anadarko, Moex (part of Mitsui) Pfizer]

Part of the following timelines

BP agree to pay $4.5 billion over Deepwater Horizon disaster - it is biggest criminal penalty in US history

US Deepwater Horizon explosion & oil spill lawsuits