The Traderszone Network

Published in TZ Latest News 4 September, 2014 by The TZ Newswire Staff

‘Worst case’ BP ruling to force billions more in payouts

BP Plc (BP/) faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company’s efforts to expand its drilling program as costs rise and production slips. District Judge Carl Barbier’s ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S.