MOEX (part of Mitsui)

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15 November 2012

BP gets record US criminal fine over Deepwater disaster

Author: BBC

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...

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Article
3 May 2012

BP Trial Will Be in January, Louisiana AG Caldwell Says [USA]

Author: Allen Johnson Jr., Margaret Cronin, Bloomberg

The first trial over the BP...oil spill will be scheduled for Jan. 14, Louisiana Attorney General Buddy Caldwell said. The initial trial date, set for March this year, was postponed when BP and lawyers for private parties reached a $7.8 billion partial...

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Article
22 February 2012

BP, Transocean, Settle With Injured Deepwater Horizon Worker [USA]

Author: Joe Schneider, Bloomberg

BP...Transocean...and others involved in the operation of the Deepwater Horizon rig that exploded in the Gulf of Mexico in 2010, agreed to settle a lawsuit filed by a worker injured in the blast. Oleander Benton, the Deepwater Horizon worker, said in a...

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Article
22 February 2012

Judge Keeps Tight Leash in BP Litigation [USA]

Author: Amanda Bronstad, National Law Journal [USA]

Barbier issued a series of orders tightening the scope of the first of what was expected to be three trial phases to a single question: Who is liable for the April 20, 2010, explosion that killed 11 workers and blew a well that spewed 4.4 million...

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Article
17 February 2012

DOJ Reaches $90M Settlement With Oil Company Unit In Deepwater Suit [USA]

Author: Mike Scarcella, BLT: The Blog of Legal Times [USA]

An investor in the Gulf of Mexico oil well that was the centerpiece of the country's largest spill has agreed to a $90 million settlement to resolve settle claims flowing from the April 2010 disaster. MOEX...a unit of Mitsui...will pay $70 million in...

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Article
16 December 2011

BP announces Cameron settlement over Gulf oil spill [USA]

Author: BBC News

Oil giant BP has agreed a settlement with contractor Cameron International over the Gulf of Mexico oil spill. Cameron was the designer and manufacturer of the blow-out preventer on the Deep Water Horizon project, which failed during the spill. Under...

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Article
17 October 2011

BP agrees $4bn Anadarko settlement

Author: Michael Stothard, Financial Times

Anadarko...the part-owner of the oil well at the centre of the Gulf of Mexico spill, has agreed to pay BP $4bn to settle all claims relating to the accident last year, which led to the death of 11 workers...The out of court settlement marks the end of...

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Article
17 October 2011

BP to end payments to oil spill fund early [USA]

Author: Sylvia Pfeifer, Michael Stothard, Financial Times

BP will be able to cease its payments into a $20bn compensation fund to help meet claims from last year’s Gulf of Mexico oil spill one year earlier than expected after striking an out-of-court settlement with Anadarko...Anadarko, one of BP’s minority...

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Article
6 October 2011

BP, MOEX, Halliburton sued over declining fish populations in the Gulf [USA]

Author: Glenna Herald, Ultimate Montrose [USA]

Numerous fisheries are suing Halliburton..., BP and MOEX...over claims the businesses lost profits as a result of the Deepwater Horizon explosion. Oak Island Seafood, Baytown Seafood Restaurant and many others, filed a lawsuit...in the Harris County...

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Article
15 July 2011

BP Well Partner Must Take Claims to Arbitration, Judge Rules [USA]

Author: Allen Johnson Jr., Margaret Cronin Fisk, Bloomberg

BP...can halt litigation with minority business partner Anadarko...so the companies can arbitrate liability over costs of last year’s oil- well blowout in the Gulf of Mexico, a judge said. Anadarko sued BP, asking a federal judge in New Orleans to...

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