Search for Compensation

30.05.2014 BP asks US court to freeze Gulf of Mexico oil spill compensation

BP has requested the US Supreme Court permission to freeze compensation claims as it waits for another judge in the court to review its litigation over businesses caught up in 2010’s Gulf of Mexico oil disaster, The Independent reported on May 29.

05.02.2014 Trinidad’s Petrotrin fined over $50 million for spills

The bill for the December oil spills will cost state-owned oil company Petrotrin upwards of $50 million, vice president for exploration and production Jamaludin Khan said on February 3, Trinidad Express reported on February 4.

14.01.2014 China’s Sinopec to pay compensation for pipeline explosion

China's largest oil refiner, Sinopec, said on January 13 that it will pay compensation for fatal pipeline explosions at a subsidiary in Qingdao city in East China's Shandong province last November, Xinhua has reported.

26.11.2013 Samsung Heavy to Pay Compensation for 2007 Oil Spill

Samsung Heavy Industries has agreed to pay compensation of up to 360 billion won to the residents of Taean and surrounding areas affected by the oil spill in December 2007, Korea IT Times reported on November 26.
 

26.11.2013 Repsol Reaches Deal with Argentina on Payment for YPF

Repsol and Argentina reached a preliminary deal on November 25 for the Spanish oil major to get paid for the 51 percent stake in the South American's country's main energy company YPF that the Argentine government seized in 2012, Reuters has reported.

22.07.2013 BP Loses Bid To Halt Oil Spill Compensation

The Sydney Morning Herald reports that BP has lost in its attempt to suspend payments to people and businesses claiming damages related to the Gulf of Mexico oil spill, while an investigator looks into possible misconduct in the payout process.