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BP in USD 175 million settlement with shareholders

The financial consequences of the historical oil spill after the explosion on Deepwater Horizon continue. The oil company BP has now agreed to a settlement for approximately USD 175 million with a group of shareholders.

Deepwater Horizon rig manager acquitted

The former rig manager at Deepwater Horizon, Robert Kaluza, has been acquitted for the second time for the explosion on the rig in 2010. This is evident after a trial in the US state of Louisiana where he a jury cleared him of all charges, reports Norwegian newspaper.

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