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Catastrophe

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  • HOUSTON, Sept 24- A U.S. judge has ruled that BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, NOLA.com reported on Wednesday.

  • Futures Now trader Rich Ilczyszyn passed away over the weekend. In this Futures Now tribute, Ilczyszyn's fellow traders and host Jackie DeAngelis remember him fondly.

  • MEXICO CITY, Sept 16- Tropical storm Polo could become a hurricane off Mexico's Pacific Coast on Thursday the U.S. National Hurricane Center said on Tuesday. On Tuesday morning Polo was about 275 miles south of Mexico's famous beach resort of Acapulco and moving in a northwest direction at 12 miles per hour, the NHC said.

  • TOKYO, Sept 16- An earthquake with preliminary magnitude of 5.6 shook buildings in eastern Japan, including the capital Tokyo, on Tuesday but there were no reports of serious damage. The earthquake was centred in Ibaraki Prefecture, just northeast of Tokyo, Japan's Meteorological Agency said.

  • TOKYO, Sept 10- Japan's nuclear regulator on Wednesday approved the restart of a nuclear power station, the first step to reopening an industry that has been idle since the Fukushima disaster, as the government pushes for the permanent closure of older reactors.

  • TOKYO, Sept 10- Japan's nuclear regulator gave the go-ahead on Wednesday for the restart of a nuclear power station, the first step to reopening an industry that was mothballed after the Fukushima disaster and which may involve the definitive closure of a dozen old plants.

  • Earthquake shakes Iceland volcano, still no ash Sunday, 7 Sep 2014 | 4:59 AM ET

    REYKJAVIK, Sept 7- An earthquake struck the region around Iceland's Bardarbunga volcano on Sunday while fissures in the area continued to spew out lava but still none of the ash that could hamper airline traffic.

  • NEW YORK, Sept 5- A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.

  • BP can absorb new oil spill fine, analysts say Friday, 5 Sep 2014 | 3:56 AM ET

    LONDON, Sept 5- BP should be able to meet the cost of up to $18 billion of new fines for the 2010 Gulf of Mexico oil spill without major asset sales or a big cut in its dividend, analysts say.

  • *BP to appeal ruling over blame for disaster. *BP shares fall 5 percent in U.S. trading.

  • *BP shares fall 5 percent in U.S. trading. HOUSTON, Sept 4- BP Plc was "grossly negligent" for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history.

  • WALLOPS ISLAND, Virginia, Sept 4- Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels.

  • Iceland volcano spews more lava, but no ash Wednesday, 3 Sep 2014 | 6:33 AM ET

    REYKJAVIK/ STOCKHOLM, Sept 3- Iceland's Bardarbunga volcano poured out more lava on Wednesday but no ash was emerging from the eruption, authorities said. In 2010, an ash cloud from the Eyjafjallajokull volcano, in a different region of Iceland, closed much of Europe's air space for six days after an eruption under the icecap.

  • HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.

  • Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.

  • Halliburton reaches $1.1 billion Gulf spill deal Tuesday, 2 Sep 2014 | 10:50 AM ET
    Vessels gather near Transocean Ltd.'s Development Driller III, right, at the BP Plc Macondo well site in the Gulf of Mexico off the coast of Louisiana, U.S., on Thursday, July 29, 2010.

    Halliburton reached a settlement for claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010, FT reports.

  • REYKJAVIK/ STOCKHOLM, Aug 29- Iceland said a small volcanic eruption in the Bardarbunga volcano system that started in the early hours of Friday had stopped and it had lifted all airspace restrictions.

  • STOCKHOLM, Aug 29- A small eruption has occurred north of Iceland's Bardarbunga volcano after nearly two weeks of earthquakes in the region but no volcanic ash has been detected, authorities said on Friday.

  • NAPA, Calif. Aug 28- During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California.

  • Aug 25- A package of bills aimed at regulating drought-parched California's stressed groundwater supplies has come under fire from agricultural interests, injecting doubt into the measures' fates in the waning days of the state's legislative session this week.