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Deepwater Horizon oil spill: BP reaches $7.8-billion settlement

March 3, 2012 07:40
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BP is still expected to have to pay tens of billions of dollars on top of the settlement in fines and claims from the federal, state and local governments.

US officials approve BP's plan to resume gulf drilling

October 21, 2011 16:27
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The U.S. Interior Department gave BP the greenlight on Friday to resume oil drillings in the Gulf of Mexico
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