Monday, September 30, 2013

BP Fights to Shrink Gulf Oil Spill Estimate

BP Plc, seeking to reduce potential water-pollution fines of as much as $18 billion, is trying to convince a judge that less oil spilled in the 2010 Gulf of Mexico disaster than the U.S. claims and that it capped the deep-sea gusher as quickly as possible.

September 30, 2013
Total Views: 12

Tuesday, July 9, 2013

Oil Spill Responders on Alert as Gulf of Mexico Platform Suffers Loss of Well Control [UPDATE]

Update: A statement from Talos Energy late Tuesday said that during operations yesterday to permanently plug and abandon their non-producing Ship Shoal 225 B-2 well, salt water containing a small...

July 9, 2013
Total Views: 13

Thursday, November 15, 2012

BP Reaches $4.5B Settlement with US DOJ, Pleads Guilty to 11 Felony Charges [UPDATE]

(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims relating to the worst U.S. oil spill. The...

November 15, 2012
Total Views: 3

Friday, October 26, 2012

BP Oil Spill Trial Postponed by Mardi Gras and Football

(Bloomberg) — The trial over liability for BP Plc’s 2010 Gulf of Mexico oil spill was postponed to Feb. 25 so the lawyers won’t lose their accommodations to Super Bowl and Mardi Gras...

October 26, 2012
Total Views: 1

Thursday, October 25, 2012

BP Caps Abandoned Containment Dome in U.S. Gulf

BP said Thursday that it has capped the abandoned containment dome, or cofferdam, that was identified last week as the source of a recent oil sheen spotted in the Gulf...

October 25, 2012
Total Views: 1

Friday, October 12, 2012

New Oil Slick Shakes Up BP Liability Talks

HOUSTON–As U.S. officials and BP PLC negotiate to resolve the company’s liability for the Deepwater Horizon spill, some local and state officials are citing a newly discovered oil slick as evidence that...

October 12, 2012
Total Views: 2

Thursday, October 11, 2012

That Oil Looks Like Macondo Oil!

(Bloomberg) — An oil sheen discovered last month in the Gulf of Mexico near the site of the Deepwater Horizon rig explosion matches samples from the BP Plc oil spill. BP, the...

October 11, 2012
Total Views: 1

Wednesday, September 19, 2012

U.S. Gulf Fisheries Rebounding Post Spill [REPORT]

(Bloomberg) — Gulf of Mexico fisheries are rebounding from the BP Plc oil spill, landing more fish last year than in 2009, the year before the worst U.S. offshore marine...

September 19, 2012
Total Views: 12

Tuesday, September 11, 2012

Isaac ‘Tar Balls’ Could Complicate BP’s Oil Spill Settlement [UPDATE]

(Bloomberg) — BP Plc’s proposed $7.8 billion partial settlement of 2010 Gulf of Mexico oil-spill claims shouldn’t be approved because last month’s hurricane shows how the extent of the spill’s...

September 11, 2012
Total Views: 1

Wednesday, September 5, 2012

U.S. Pursuing Gross Negligence Charges in BP Oil Spill

(Bloomberg) — BP Plc, the owner of the Macondo well that caused the worst U.S. oil spill two years ago, declined in London after the Department of Justice reiterated it...

September 5, 2012
Total Views: 2

Wednesday, August 29, 2012

PEMEX Strikes It BIG in Deep Water Gulf of Mexico [UPDATED]

(Bloomberg) — Petroleos Mexicanos, the world’s fourth-largest oil producer, may have as many as 10 billion barrels of potential reserves in its El Perdido deposits in the Gulf of Mexico, a...

August 29, 2012
Total Views: 1

Tuesday, July 24, 2012

U.S. Testing MWCC’s Capping Stack in Gulf of Mexico

HOUSTON–U.S. regulators are testing how a spill-fighting consortium of international oil companies would respond to the worst-case scenario: a well blowout thousands of feet under water. The exercise, which began...

July 24, 2012
Total Views: 3

Monday, June 11, 2012

BP Wants to Pay Below $15 Billion for Gulf Oil Spill [REPORT]

The Financial Times on Friday reported that BP PLC (BP) hopes to pay less than $15 billion to settle all penalties with the Department of Justice over the massive oil...

June 11, 2012
Total Views: 5

Monday, April 30, 2012

BP Exec: BP Expects to Spend $4 Billion a Year in Gulf of Mexico

HOUSTON (Dow Jones)–After deep self-examination following the April 2010 Deepwater Horizon oil spill, BP PLC (BP, BP.LN) decided not to leave the Gulf of Mexico and opted instead to increase...

April 30, 2012
Total Views: 0

Tuesday, April 24, 2012

Former BP Engineer Arrested for Obstruction of Justice During Gulf Oil Spill

(Dow Jones) A former engineer for BP PLC (BP, BP.LN) has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf of Mexico as BP...

April 24, 2012
Total Views: 0

Saturday, March 3, 2012
deepwater horizon fire

BP to Pay $7.8 Billion in Gulf Oil Spill Settlement

BP PLC (BP, BP.LN) has agreed to a no-cap settlement with thousands of individuals and businesses affected by the Deepwater Horizon disaster, but the oil giant estimates its costs will...

March 3, 2012
Total Views: 0

Sunday, February 26, 2012

Deepwater Horizon Civil Trial Postponed

The civil trial over the Deepwater Horizon disaster has been postponed until March 5 to give BP PLC (BP, BP.LN) and lawyers representing those who say they were injured by...

February 26, 2012
Total Views: 6

Tuesday, January 10, 2012

How Bacteria, Currents and Local Topography Helped Rid the Gulf of Spilled Oil

A fortuitous combination of ravenous bacteria, ocean currents and local topography helped to rapidly purge the Gulf of Mexico of much of the oil and gas released in the Deepwater...

January 10, 2012
Total Views: 16

Tuesday, January 3, 2012

BP Wants Haliburton to Pay All Costs Related Gulf Oil Spill

BP Plc (BP) said all of its costs and damages from the Deepwater Horizon incident and resulting oil spill in the Gulf of Mexico should be paid by cementing contractor...

January 3, 2012
Total Views: 1

Wednesday, October 12, 2011
gulf oil spill

BP Contractors Could Face Fines Over Gulf Oil Spill

By Tennille Tracy, The Wall Street Journal WASHINGTON—The prospect that contractors for BP PLC could be fined by the government over the Deepwater Horizon oil spill is jolting the contracting...

October 12, 2011
Total Views: 3