BP Expects Gulf Compensation Claims Below $20 Billion

by | Sep 13, 2010 | Towing

Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.

Dudley said “that given the current estimates of …

BP Says "Multiple Companies" Responsible for Gulf Oil Disaster

by | Sep 8, 2010 | Towing

A report by BP (BP) says that “multiple companies and work teams” are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean.

“It is evident that a series of complex events, rather than a …