BP (BP) Settles with Widow of Oil Rig Worker

BP (NYSE:BP) has reportedly settled with the widow of Deepwater Horizon oil rig worker Keith Blair Manuel, who perished when the rig exploded and dropped to the bottom of the Gulf of Mexico.

Per terms of the agreement, U.S. District Judge Carl Barbier of New Orleans today agreed to dismiss Melinda Anne Becnel’s suit against BP in exchange for the settlement.

Terms of the settlement weren't disclosed, which lawsuit didn't include the owner of the oil rig - Transocean (NYSE:RIG).

Claims made by Becnel against BP were also dropped, as well as other oilfield contractors.

This is only one of over 350 lawsuits filed against the oil giant and other companies connected to the Macondo Well.

BP closed Monday at $45.07, down $0.68, or 1.49 percent.