Fox Business - The Power to Prosper
Search Site

Vessels of Opportunity

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...

Read More

  1. Judge denies BP appeal over Gulf spill payouts

    A judge again upheld an agreement to pay individuals and businesses for claims related to BP Plc's 2010 Gulf of Mexico spill, as the oil company seeks to avoid the p...

  2. Shell Pipeline Spills Oil Into Houston Area Bayou -Coast Guard

    An estimated 50 barrels of oil spilled from a pipeline operated by a subsidiary of Royal Dutch Shell PLC (RSDA.LN, RDSA) into a waterway outside Houston, according t...

  3. Shell Pipeline Spills Oil Into Houston Area Bayou - Coast Guard

    An estimated 50 barrels of oil spilled from a pipeline operated by a subsidiary of Royal Dutch Shell PLC. (RSDA.LN, RDSA) into a waterway outside Houston, according ...

  4. 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...

  5. Exxon May Excavate Damaged Arkansas Pipeline

    Exxon Mobil Corp. (XOM) is developing a plan to excavate the portion of a pipeline that leaked thousands of barrels of oil into a residential neighborhood in a small...

  6. Exxon pipeline leaks thousands of barrels of Canadian oil in Arkansas

    Exxon Mobil was working to clean up thousands of barrels of oil in Mayflower, Arkansas, after a pipeline carrying heavy Canadian crude ruptured, a major spill likely...

  7. BP Expects Gulf Spill Claims to Climb

    BP PLC (BP.LN) now expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disas...

  8. BP Expects Some US Gulf Oil Spill Claims To Be Higher Than Anticipated

    BP PLC (BP.LN) now expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disas...

  9. BP CEO Awarded $837,000 Bonus Taking 2012 Pay Package To $2.67 Million

    BP PLC (BP.LN) awarded Chief Executive Bob Dudley a cash bonus of $837,000 on top of an annual salary of $1.726 million, the company's annual report for 2012 showed ...

  10. 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...

  11. U.S. Senator Asks DOJ to Wait on Civil Settlement of BP Oil Spill Charges

    Sen. David Vitter (R., La.) is asking the U.S. Justice Department to hold off on a civil settlement with BP Plc (BP, BP.LN) over the Deepwater Horizon accident until...

  12. Judge approves BP agreement for Gulf oil spill

    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 offsh...

  1. SEC Charges Ex-BP Official for Insider Trading

    Developing: The Securities and Exchange Commission charged Keith Seilhan with trading on non-public information obtained during the time he was helping BP (NYSE:BP) ...

  2. BP Stilling Battling for Billions Over Gulf Spill

    BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge i...

  3. BP Wants Inquiry into Alleged Payments to Oil Spill Lawyer

    Oil company BP called on Friday for an inquiry into an allegation a lawyer working for the administrator of compensation payments for the Gulf of Mexico oil spill re...

  4. Should There be a Cap on Oil Spill Payouts?

    A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions o...

  5. Analysis: BP's legal gamble may trim spill bill by billions

    BP Plc's attempt to get a U.S. federal court to pin at least a sizeable amount of the blame for the Deepwater Horizon disaster on other companies may have saved it b...

  6. Some Residents Allowed To Return Following Mayflower Oil Spill

    Residents of four homes evacuated following an oil spill in Mayflower, Ark., are being allowed to return as work to clean up the oil progresses, Exxon Mobil Corp. (X...

  7. Ruling against BP clears way for appeal of spill payouts

    A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims r...

‹ Prev12345Next ›
Freebase CC-BY
Source: Vessels of Opportunity on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL