London-based oil giant BP is negotiating with U.S. officials to settle pollution claims over the 2010 Gulf of Mexico oil spill that may leave the company liable for as much as $17.6 billion in fines, a person familiar with the talks said.
Government officials are seeking fines of as much as $4,300 for each of the 4.1 million barrels spilled after the explosion of the Deepwater Horizon rig that was drilling BP's Macondo well. The explosion killed 11 workers and led to the largest offshore oil spill in U.S. history.
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--Jack Z. Smith
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