NPR : News

Filed Under:

    Anadarko To Pay BP $4 Billion, Settle Claims Related To Gulf Oil Spill

    This morning's announcement from Anadarko Petroleum Corp. that it is paying BP $4 billion "to settle all of BP's current and future claims" against it related to the April 2010 Gulf oil spill, "ends a long dispute between BP, which operated the well in the gulf, and Anadarko, which owned a 25 percent stake, about accepting responsibility for compensating those affected by one of the worst oil spills ever in the United States," The New York Times writes.

    As the Houston Chronicle's Fuel Fix blog adds, "BP will release its claims against Anadarko for about $6.1 billion of spill related costs to date, as well as to forgo reimbursement for any future costs."

    The Associated Press says that the $4 billion will be part of BP's "$20 billion trust fund, which has paid out $7 billion so far to settle claims from individuals and businesses. Eleven workers were killed when the Deepwater Horizon rig exploded off Louisiana on April 20, 2010."

    And the AP adds that "BP is still embroiled in suits and countersuits with Transocean Ltd., operator of the Deepwater Horizon drilling rig, and Halliburton Co., which was responsible for cementing the well. The suits are scheduled to go to trial in New Orleans in February."

    Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    A Love Letter To Literature: Reading Gabo In 'The Paris Review'

    Gabriel Garcia Marquez died Thursday. It would be hard to overstate the importance of his novels, but author Gustavo Arellano recommends getting to know him in a different medium.
    NPR

    In The Land Of Razor Clams, Dinner Hides Deep Within The Sand

    Clam digging satisfies that primeval urge to go out into nature and find free food. And inveterate Washington state clam diggers admit they compete to get their daily limit of 15 clams.
    NPR

    Are Democrats Trying To Energize The Base With The Race Card?

    Top Democrats have said recently that some GOP opposition to President Obama and his agenda is based on race. It's an explosive message that might drive Democratic voters to the polls.
    NPR

    Should College Dropouts Be Honored By Their Alma Maters?

    From a Top Gun sequel starring drones to Howard University's pick of Puff Daddy as its commencement speaker, the Barbershop guys weigh in on the week's news.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.