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Compensation battle rages four years after BP's U.S. oil spill

By Jemima Kelly (Reuters) - Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last remaining oyster fisherman on an island dotted with colorful houses on stilts, says he has not found a single oyster alive in his leases in the area since the leak and relies on an onshore oyster nursery to make a living.

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)

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.

BP pledges to stay in Russia amid Ukraine crisis

British energy giant BP vowed Thursday to remain in oil-rich Russia despite the Ukraine crisis, adding it would play a key "bridge" role between the West and Moscow. "Clearly the situation in Ukraine is currently the focus of world attention," said chief executive Bob Dudley at BP's annual general meeting in London. "We will seek to pursue our business activities, mindful that the mutual dependence between Russia, as an energy supplier, and Europe, as an energy consumer has been an important source of security and engagement for both parties for many decades.

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."

Anadarko Petroleum to pay $5.15 bn in pollution case

Anadarko Petroleum Thursday agreed to pay $5.15 billion to resolve decades-old environmental claims in a settlement the US said would discourage companies from engaging in corporate makeovers to avoid pollution liability. The record environmental settlement covers dozens of claims against Kerr-McGee, an oil company Anadarko acquired in 2006. Prior to the takeover, Kerr-McGee restructurings shifted its environmental liabilities into a separate chemical unit called Tronox. The US government and Tronox trustees launched the suit against Anadarko in 2009.

Anadarko Petroleum to pay $5.1 bn in pollution case

Anadarko Petroleum said Thursday it will pay $5.1 billion to settle billions in environmental claims against Kerr-McGee, an oil company it acquired in 2006. The settlement follows a December US court ruling that said Anadarko owed as much as $14.5 billion to address Kerr-McGee's environmental liabilities prior to the acquisition. Anadarko said the settlement removed doubts that have depressed the value of its stock.

Anadarko to pay $5.15 billion to settle pollution clean-up claims: source

(Reuters) - Anadarko Petroleum Corp and its Kerr-McGee unit agreed to pay $5.15 billion to resolve environmental cleanup claims stemming from the 2009 bankruptcy of paint materials maker Tronox, a source familiar with the agreement told Reuters on Thursday. Anadarko's stock rose 13 percent to $98 per share in afternoon trading on the New York Stock Exchange as word of a settlement circulated.
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