In March, BP announced a settlement estimated at $7.8 billion with more than 100,000 individuals and businesses for medical and economic losses.
In January 2011, a U.S. presidential commission found that the spill was caused by time-saving, cost-cutting decisions by BP, rig owner Transocean and cement contractor Halliburton.
In September last year, a team of Coast Guard officials and federal regulators concluded BP bears ultimate responsibility. Their report found BP violated U.S. regulations, ignored crucial warnings and made bad decisions during the cementing of the well a mile (1.6 kms) beneath the Gulf of Mexico.
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