Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster.
Lawyers for the government and oil giant BP are preparing for trial in New Orleans that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill.
BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the d ...