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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.

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.

BP raises estimate of Lake Michigan oil spill, says between 15 and 39 barrels of oil released

WHITING, Ind. - Oil giant BP has raised its estimate of how much crude oil spilled into Lake Michigan during a malfunction at its northwestern Indiana refinery. BP said Thursday a preliminary estimate shows between 15 and 39 barrels of oil have been recovered from the lake at its Whiting refinery. That's between 630 and 1,638 gallons. The new figure is up from BP's initial estimate that nine to 18 barrels of oil entered the lake. BP says its crews have recovered "the vast majority" of oil visible along the shoreline.

Coast Guard: BP spill at Indiana plant released 9 to 18 barrels of oil into Lake Michigan

INDIANAPOLIS - An initial assessment of a Lake Michigan oil spill shows that between nine and 18 barrels of crude oil entered the lake following a malfunction at oil giant BP's sprawling northwestern Indiana refinery, the U.S. Coast Guard said Wednesday. Coast Guard spokesman Chief Petty Officer Alan Haraf said the estimate comes from the Coast Guard's initial visual assessment Tuesday of the spill scene at BP's Whiting refinery some 20 miles southeast of downtown Chicago.

Environmental regulator ends US contract ban on BP

The US Environmental Protection Agency announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The EPA said in a tweeted statement that BP "agreed to safety and ethics improvements" in exchange for ending the ban, which had hurt the British company's ability to do business in the United States. pmh/vs

BP to establish U.S. shale assets as separate unit

By Sarah Young and Dmitry Zhdannikov LONDON (Reuters) - British oil company BP plans to separate its onshore U.S. oil and gas assets into a new wholly-owned business to improve the competitiveness of its shale gas portfolio there. A number of big oil companies, including rival European operators Shell and BG, have struggled after making big investments in U.S. shale which have left them exposed to depressed gas prices, dragging on their profits.

Federal judge won't force investigator to give BP documents in oil spill claims probe

NEW ORLEANS - BP is not entitled to see confidential documents used by a court-appointed investigator who has alleged that some attorneys acted improperly in the claims process arising from the 2010 Gulf oil spill, a federal judge ruled Friday.

Judge won't block new round of BP seafood payments amid fraud allegations against Texas lawyer

NEW ORLEANS - A federal judge refused Wednesday to halt payments from a BP fund to compensate deckhands and other seafood workers harmed financially by the 2010 Gulf oil spill, turning back arguments by the oil giant that the payment process was tainted by a Texas lawyer's alleged fraud. BP argues the $2.3 billion it agreed to put into the oil spill seafood compensation fund was inflated, based on the belief that attorney Mikal Watts represented more than 40,000 clients.
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