BP warns of rising costs from oil trial

2013-03-08 22:13
(Picture: AP)

(Picture: AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

  • Renewable Energy
    New, thoroughly updated fourth edition of the authoritative field guide to the entire Renewable... Now R1,350.00
    buy now
New Orleans - BP is warning investors that the price tag will be higher than initially estimated for its multibillion-dollar settlement with businesses and residents, who claim the 2010 oil spill in the Gulf of Mexico cost them money.

The London-based oil giant estimated last year it would spend roughly $7.8bn to resolve tens of thousands of claims covered by the settlement agreement.

But in a regulatory filing this week, BP PLC said businesses' claims have been paid at much higher average amounts than anticipated.

The company also said it can't reliably estimate how much it will pay for unresolved business claims following a ruling on Tuesday by the federal judge supervising the uncapped settlement.

US District Judge Carl Barbier rejected BP's interpretation of certain settlement provisions.

- AP
Read more on:    bp  |  us  |  us oil slick
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Oscar Pistorius
 

6 impressive camping tips

Check out these great tips that will make your camping experience so much better!

 
 

Where were you when you last felt alive?

Free outdoor yoga classes
Watch: 5 skills to improve your BMX riding
Action camera for all occasions
Tips on how to set your fitness goals

Jobs in Cape Town [change area]

Jobs in Western Cape region

Receptionist

Cape Winelands
Helderberg Personnel cc

Training Officer

Cape Town
Quantum Recruitment

Project Engineer/Manager

Cape Town Northern Suburbs
Communicate Cape Town Engineering
R300 000 - R500 000 Per Year

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is a strong social and romantic overtone that plays its way into your day. It may get stronger later in the day when the...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.