BP court move to halt Gulf payouts

Oil giant BP has asked a US court to halt payments from its settlement deal over the 2010 Gulf of Mexico oil spill amid concerns about fraud control.

The blast killed 11 workers and released an estimated four million barrels of oil into the gulf.

It is the firm’s latest move to stop or delay payments under a financial settlement programme.It had expected payouts to total $7.8bn (£4.9bn), but says this has been driven up by excessive fees and bogus claims.BP has faced about $42.4bn in charges since the disaster aboard the Deepwater Horizon drilling rig, which triggered the worst offshore […]