Connect to share and comment

Ex BP-employee settles US insider-trading charges related to 2010 Gulf oil spill

WASHINGTON - A former BP employee who was a co-ordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock. The Securities and Exchange Commission announced the settlement of civil insider-trading charges with Keith Seilhan, saying he agreed to pay $224,118. Seilhan neither admitted nor denied the SEC's allegations but agreed to refrain from future violations of securities laws.

Ex-BP employee charged over BP stock sales after spill

Regulators Thursday charged a former BP employee who worked on the Deepwater Horizon oil spill with insider trading after he sold $1 million worth of BP stock days after the disaster. Keith Seilhan, who coordinated BP's cleanup of the giant oil spill, sold his family's entire portfolio of BP stock over two days in late April 2010 after he learned the spill was far bigger than BP was saying publicly, according to the US Securities and Exchange Commission.

Ex-BP employee settles SEC insider-trading oil spill case

WASHINGTON (Reuters) - A former 20-year veteran of BP plc will pay a civil penalty to settle civil charges alleging he used non-public information during the 2010 Deepwater Horizon oil spill to commit insider-trading, U.S. regulators said on Thursday. The Securities and Exchange Commission said Keith A. Seilhan, who coordinated the company's cleanup efforts, will settle the case without admitting or denying the charges. (Reporting by Sarah N. Lynch; Editing by Eric Beech)

Oil slick detected in MH370 search area

An oil slick has been detected in the Indian Ocean within the search area for missing Malaysia Airlines Flight MH370 but has yet to be analysed, the Australian leading the operation said Monday. "I can report that (Australian ship) Ocean Shield detected an oil slick yesterday evening in her current search area," Angus Houston said. mfc/bp/lm

4 years after BP's Gulf of Mexico oil spill, questions about cleanup workers' long-term health

CHALMETTE, La. - When a BP oil well began gushing crude into the Gulf of Mexico four years ago, fisherman George Barisich used his boat to help clean up the millions of gallons that spewed in what would become the worst offshore spill in U.S. history. Like so many Gulf Coast residents who pitched in after the April 20, 2010, explosion of the Deepwater Horizon rig, Barisich was motivated by a desire to help and a need to make money — the oil had destroyed his livelihood.

MH370 search chief hopeful of finding wreckage within 'days'

The Australian heading the search for missing Malaysia Airlines Flight MH370 said Wednesday he hoped wreckage from the plane would now be found within days. "Hopefully with lots of transmissions we'll have a tight, small area and hopefully in a matter of days we'll be able to find something on the bottom that might confirm that this is the last resting place of MH370," Angus Houston told reporters. mfc/bp/mtp

Australian ship detects two more signals in plane hunt

Australian ship Ocean Shield has detected two more signals in the search for missing Malaysian flight MH370, a senior official said Wednesday. "Ocean Shield has been able to reacquire the signals on two more occasions, late yesterday afternoon and later last night," said Angus Houston, head of the Joint Agency Coordination Centre. bp/mfc

Wildlife still suffers four years after BP oil spill

Birds, fish, dolphins and turtles are still struggling in the Gulf of Mexico, four years after the worst oil spill in US history, a leading wildlife group said Tuesday. The 2010 BP spill spewed 4.9 million barrels of oil into the waters off Louisiana, also sullying the coastlines of Mississippi, Alabama, Texas and Florida. "The science is telling us that the impacts of this are far from over," said Doug Inkley, senior scientist at the National Wildlife Federation. "Based on other oil spills, the impacts are likely to last for years, if not decades."

MH370 sub launch several days away as signals sought

The hunt for underwater signals from missing Flight MH370 is likely to continue for days before a robot submersible is deployed to comb the seabed, the Australian search chief said Tuesday. "We need to continue that (search) for several days to the point at which there is absolutely no doubt that the pinger batteries will have expired," Angus Houston said. "Until we stop the pinger search we will not deploy the submersible." mfc/bp/sls

Ex-BP boss Hayward could stay Glencore chair: WSJ

(Reuters) - Glencore Xstrata Plc's <GLEN.L> interim chairman, former BP Plc <BP.L> chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.
Syndicate content