Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BP asks judge to reconsider 'gross negligence' ruling

Published 03/10/2014, 07:38
© Reuters File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off Louisiana
BP
-

HOUSTON (Reuters) - BP Plc (L:BP) on Thursday asked a U.S. court to reconsider a September ruling that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about $18 billion (11.16 billion pounds).

The motion filed in Louisiana contends that U.S. District Court Judge Carl Barbier's ruling was based on evidence he had agreed to exclude from the ongoing trial. As such, the oil major said, he should review his decision or give it a new trial.

The evidence in question surrounds expert testimony about how the Macondo well's casing was weakened and breached, part of a series of eight alleged errors linked to the blowout.

"BP respectfully requests that the Court eliminate its theory that this series of acts amounted to gross negligence," the company said in its motion. "In the alternative, BP would be entitled to a new trial."

The motion is one of many BP has filed to curb fines stemming from the case. Barbier has rejected most of them.

The company has already taken more than $42 billion in provisions for the worst offshore spill in U.S. history, which killed 11 workers, and its fines could swell as much as $18 billion when Barbier assigns damages under the federal Clean Water Act next year.

© Reuters. File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off Louisiana

The case is In re: Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico, on April 20, 2010, U.S. District Court, Eastern District of Louisiana, No. 10-md-02179.

(Reporting by Terry Wade; Editing by Clarence Fernandez)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.