BP to pay £2.8bn over oil spill

BP is to pay £2.8bn to US authorities to settle claims relating to the Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 - the largest fine in US history. Two supervisors will face manslaughter charges over the deaths of 11 people.

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BP statement on US talks over Gulf of Mexico oil spill

Earlier, in a statement posted on its website, BP confirmed it is in advanced talks with the US Department of Justice and the Securities & Exchange Commission over the Deepwater disaster.

It said that "proposed resolutions" were "not expected to cover federal civil claims" and others including those under the Clean Water Act and state claims for economic losses

It added: "Until final agreements are reached, there can be no certainty any such resolutions will be entered into".


BP set to pay record fine over Deepwater oil spill

BP is set to plead guilty to criminal charges related to the Deepwater Horizon disaster in 2010 today, sources have told Reuters.

Details of what could be the largest criminal fine in US history is expected to be confirmed by the US Department of Justice later.

Fire boat response crews battle the blazing remnants of the offshore oil rig Deepwater Horizon in 2010 Credit: REUTERS/US Coast Guard/Handout (

The disaster killed eleven workers and led to the release of millions of barrels of crude oil into the Gulf of Mexico.

BP has confirmed that it is in "advanced discussions" with the Justice Department and US. Securities & Exchange Commission.

Oil is seen on the surface of the Gulf of Mexico in an aerial view of the Deepwater Horizon oil spill Credit: Reuters
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