BP Avoids Lawsuits Over Moratorium That Followed Gulf Spill

BP Plc won’t have to face lawsuits by energy and oilfield service companies over losses they blamed on the U.S. offshore drilling ban imposed after the 2010 Gulf of Mexico oil spill (In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, E.D. La., 10-md-02179, 3/11/16).

The March 11 ruling by the U.S. District Court for the Eastern District of Louisiana eliminates one of the largest remaining categories of claims faced by London-based BP, which has already paid more than $55.5 billion over the spill. A lawsuit in Houston federal court in ...