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Gulf Oil Platform Explosion

SEC Charges Ex-BP Official for Insider Trading

A veteran BP (NYSE: BP) employee who headed the company's cleanup from the 2010 Deepwater Horizon oil spill has been charged with insider trading for allegedly selling shares illegally after learning the extent of the disaster.The Securities and Exchange Commission said Thursday that Keith A. Seilhan, who coordinated BP's cleanup operations in the wake of the massive spill in the Gulf of Mexico, sold his BP shares just days after receiving non-public information regarding the scope of the accident.He is accused of selling about $1 million worth of shares his family owned in a move that avoided a 48% loss. Seilhan was described by the SEC as an experienced crisis manager who was tasked by BP with overseeing the company's oil skimming operations and its efforts to contain expansion of the spill.The SEC's complaint, filed in federal court in Louisiana, alleges that within days of the April 20, 2010, explosion on an oil rig off the coast of Louisiana, Seilhan received nonpublic information...

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  1. U.S. judge approves settlement in BP class action suit

    A U.S. judge on Friday gave final approval to BP Plc's settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill.Th...

  2. Worker Burned In Oil -rig Fire Dies

    One of the men who was severely burned in the explosion and fire at an oil rig in the Gulf of Mexico last week died Friday, the Associated Press reports. Avelino Taj...

  3. TransCanada Submits Supplemental Environmental Report to Nebraska for Alternate Keystone Route

    TransCanada Corp. (TRP) on Wednesday submitted environmental impact reports for a proposed reroute of the Nebraska leg of its controversial Keystone XL pipeline expa...

  4. BP Agrees to $2.5 Billion Sale Of Carson Refinery To Tesoro

    BP PLC (BP, BP.LN) said Monday it has agreed to sell its Carson refinery in southern California and related marketing assets to Tesoro Corp. (TSO) for $2.5 billion, ...

  5. BP Denied Access to WH Emails in Spill Case

    A federal judge on Monday denied BP Plc access to 21 emails and other documents sent among White House and other U.S. officials related to the 2010 Gulf of Mexico oi...

  6. BP Accuses U.S. of Concealing Oil Spill Data

    BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issu...

  7. BP Oil Spill Trial Delayed on Settlement Talks

    The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of b...

  8. BP Could Reach Settlement for Gulf Spill this Week

    FBN's Adam Shapiro breaks down afternoon market news.

  9. Halliburton Disputes BP Cement Allegations

    Halliburton Co on Wednesday disputed BP Plc's allegations in a court filing that it had destroyed evidence related to its cement work on the Gulf of Mexico well that...

  10. Kenneth Feinberg on the Lack of Proof for Many BP Spill Claims

    BP Compensation Fund Administrator Kenneth Feinberg on why most of the 800,000 BP spill claims have been denied.

  11. Energy Partners Reopens Louisiana Oil Well After Pipeline Leak

    HOUSTON -(Dow Jones)- Independent gas and oil exploration and production company Energy Partners Ltd. (EPL) said Friday it reopened an oil well off the Louisiana sho...

  12. Report: BP Didn't Cut Safety Corners in Gulf Spill

    Attorney Mark Lanier argues the BP commission's conclusions over the oil spill will not hurt lawsuits against the company.

  1. ATMs could face new cyber risks

    FBN’s Ashley Webster breaks down afternoon market news.

  2. BP spill claims administrator urges dismissal of lawsuit

    The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to e...

  3. Transocean worker says still haunted by Deepwater Horizon blast

    Transocean's Randy Ezell is still haunted nearly three years later by the explosion on the Deepwater Horizon drilling rig that killed 11 fellow workers and left him ...

  4. First spill trial witness: BP put cost cuts over safety

    BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testi...

  5. U.S. Gulf Coast oil spillers about to face day in court

    Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies i...

  6. BP objects to $34 billion oil spill claims sought by states

    BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up wi...

  7. Court Approves $4 Bln BP Spill Settlement: Report

    A federal judge has approved a settlement that calls for BP PLC plead guilty to manslaughter and pay $4 billion in penalties for its part in a 2010 oil spill that wr...

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