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BP Plc acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled.

BP Plc acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled.

Halliburton Energy Services will plead guilty for destroying evidence related to BPs 2010 oil spill in the Gulf of Mexico, in which Halliburton acted as the cement contractor on the exploded drilling rig that caused the disaster.

Halliburton Energy Services will plead guilty for destroying evidence related to BPs 2010 oil spill in the Gulf of Mexico, in which Halliburton acted as the cement contractor on the exploded drilling rig that caused the disaster.

A U.S. judge has accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay $4.0 billion in penalties for the worst offshore oil spill in U.S. history, a court official said on Tuesday.

A U.S. judge has accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay $4.0 billion in penalties for the worst offshore oil spill in U.S. history, a court official said on Tuesday.

For those businesses facing potential liability from environmental-contamination claims, liability insurance may be an important asset to help offset defense costs and remediation payments.

Hopes BP can settle early out of court on liability for its 2010 U.S. Gulf oil spill looked forlorn on Wednesday after U.S. prosecutors laid out a legal case for gross negligence on which tens of billions of dollars hang.