Sources: Attorneys general in 4 Gulf states may announce BP news

Sources: Attorneys general in 4 Gulf states may announce BP news

NEW ORLEANS, LA (WVUE) - Attorneys general in Louisiana, Mississippi, Alabama and Florida have all called news conferences in their respective states at the same time Thursday morning, and sources say it has something to do with the 2010 BP oil spill in the Gulf of Mexico.

Louisiana Attorney General Buddy Caldwell sent a notice to the media early Wednesday evening, but his office would not comment on the subject matter, saying only that "State leaders will make an important announcement at a news conference on Thursday, July 2, at 8 a.m." Media outlets in the other states received similar notices.

Speculation is rampant about a global settlement with BP that could bring billions of dollars to the federal, state and local governments. Sources tell FOX 8 News that Judge Carl Barbier has ordered details and documents sealed.

The blowout on April 20, 2010, killed 11 rig workers. For 87 days, the wild well 50 miles south of Venice belched millions of gallons of crude into the Gulf.

BP has already taken charges of close to $45 billion in oil spill costs. The company may be anxious to settle to end the uncertainty about the final tab for the spill.

However, additional costs come at a bad time. Falling oil prices have already eaten into BP's profits, and there has been speculation that in a contracting industry, a weaker BP could be a takeover target.

Those with knowledge of the case would not comment on the numbers involved in any settlement.

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