Bp Oil Spill
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Amazing New Video Shows Deepwater Shipwrecks Corroded By BP Oil Spill
The Deepwater Horizon disaster of 2010 taught us a lot about deep water - foremost about the engineering challenges in plugging a blown-out well a mile below the sea's surface. Everything's different down there. Chemistry is different at those pressures, where it's completely dark. But, as we reported early on, there's still life down there - exoti...
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BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
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Judge approves $4 billion BP oil spill criminal settlement
A federal judge on Tuesday approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
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BP oil spill claims chief says recovery in 3 years
The Gulf of Mexico should largely recover from BP's oil spill within three years, and all settlement offers to victims who lost revenue from the disaster will be based on that assessment, the administrator of the USD 20 billion compensation fund said today. Attorney Kenneth Feinberg said the Gulf Coast Claims Facility used "various data and expert...
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US sues BP, 8 other companies in Gulf oil spill
The Justice Department on Wednesday sued BP and eight other companies in the Gulf oil spill disaster in an effort to recover billions of dollars from the largest offshore spill in U.S. history.The Obama administration's lawsuit asks that the companies be held liable without limitation under the Oil Pollution Act for all removal costs and damages ca...
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US says BP well is finally 'dead'
The US government declared BP's Macondo oil well dead on Sunday, nearly five months after the environmental disaster in the Gulf of Mexico began."We can finally announce that the Macondo 252 well is effectively dead," Thad W Allen, the former Coast Guard admiral who leads the federal spill response, said in a statement. The well, he said, "poses no...
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Report by BP finds several companies at fault in spill
The oil giant BP spent months this summer trying to contain the gusher of oil on the floor of the Gulf of Mexico. Now BP is trying to contain the legal and financial fallout from the explosion of the Deepwater Horizon.On Wednesday, BP released the results of an internal investigation that heaped some of the blame on itself, but mostly pointed...
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Under fire over oil spill, BP boss Tony Hayward likely to quit
BP's Tony Hayward, whose gaffes added insult to oil-spill injury for the Gulf Coast, is on his way out as CEO, a US government official said Sunday. Many residents found small comfort in that as BP's biggest mistake under Hayward continued to foul their waters, their beaches and their way of life.A change in leadership will not change the mammoth t...
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BP: No oil leaking into the Gulf of Mexico
British energy giant BP stopped the oil flowing into the Gulf of Mexico for the first time in three months as it began key tests hoping to stem the spill for good.Shortly after BP engineers shut down the last of three valves on a giant new cap placed on the blown-out well, Senior Vice President Kent Wells announced no oil was leaking into the seas....
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Exact size of Gulf oil leak unknown: BP Chairman
BP's Chairman Carl-Henric Svanberg said in an interview broadcast on Thursday that the exact size of the oil leak from the company's well in the Gulf of Mexico is unknown.In an exclusive interview with Swedish Television, Svanberg said estimates were hard to determine exactly."What we have are these videos, and we have satellite pictures to look at...
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US oil spill: BP to pay $20 billion in damages
President Barack Obama says BP has agreed to set aside US$20 billion to pay victims of its Gulf of Mexico oil well blowout that has created the worst environmental calamity in American history.BP's chairman apologized for the spreading catastrophe, and said he was suspending the company's quarterly dividend as part of its commitment to the claims p...
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BP to set aside $20 billion for spill claims
The White House and BP tentatively agreed that the oil giant will create a $20 billion fund to pay claims for the worst oil spill in American history, to be independently run by the mediator who oversaw the 9/11 victims compensation fund, Kenneth Feinberg, according to two people familiar with the deliberations. The agreement was not final and was ...
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Amazing New Video Shows Deepwater Shipwrecks Corroded By BP Oil Spill
The Deepwater Horizon disaster of 2010 taught us a lot about deep water - foremost about the engineering challenges in plugging a blown-out well a mile below the sea's surface. Everything's different down there. Chemistry is different at those pressures, where it's completely dark. But, as we reported early on, there's still life down there - exoti...
-
BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
-
Judge approves $4 billion BP oil spill criminal settlement
A federal judge on Tuesday approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
-
BP oil spill claims chief says recovery in 3 years
The Gulf of Mexico should largely recover from BP's oil spill within three years, and all settlement offers to victims who lost revenue from the disaster will be based on that assessment, the administrator of the USD 20 billion compensation fund said today. Attorney Kenneth Feinberg said the Gulf Coast Claims Facility used "various data and expert...
-
US sues BP, 8 other companies in Gulf oil spill
The Justice Department on Wednesday sued BP and eight other companies in the Gulf oil spill disaster in an effort to recover billions of dollars from the largest offshore spill in U.S. history.The Obama administration's lawsuit asks that the companies be held liable without limitation under the Oil Pollution Act for all removal costs and damages ca...
-
US says BP well is finally 'dead'
The US government declared BP's Macondo oil well dead on Sunday, nearly five months after the environmental disaster in the Gulf of Mexico began."We can finally announce that the Macondo 252 well is effectively dead," Thad W Allen, the former Coast Guard admiral who leads the federal spill response, said in a statement. The well, he said, "poses no...
-
Report by BP finds several companies at fault in spill
The oil giant BP spent months this summer trying to contain the gusher of oil on the floor of the Gulf of Mexico. Now BP is trying to contain the legal and financial fallout from the explosion of the Deepwater Horizon.On Wednesday, BP released the results of an internal investigation that heaped some of the blame on itself, but mostly pointed...
-
Under fire over oil spill, BP boss Tony Hayward likely to quit
BP's Tony Hayward, whose gaffes added insult to oil-spill injury for the Gulf Coast, is on his way out as CEO, a US government official said Sunday. Many residents found small comfort in that as BP's biggest mistake under Hayward continued to foul their waters, their beaches and their way of life.A change in leadership will not change the mammoth t...
-
BP: No oil leaking into the Gulf of Mexico
British energy giant BP stopped the oil flowing into the Gulf of Mexico for the first time in three months as it began key tests hoping to stem the spill for good.Shortly after BP engineers shut down the last of three valves on a giant new cap placed on the blown-out well, Senior Vice President Kent Wells announced no oil was leaking into the seas....
-
Exact size of Gulf oil leak unknown: BP Chairman
BP's Chairman Carl-Henric Svanberg said in an interview broadcast on Thursday that the exact size of the oil leak from the company's well in the Gulf of Mexico is unknown.In an exclusive interview with Swedish Television, Svanberg said estimates were hard to determine exactly."What we have are these videos, and we have satellite pictures to look at...
-
US oil spill: BP to pay $20 billion in damages
President Barack Obama says BP has agreed to set aside US$20 billion to pay victims of its Gulf of Mexico oil well blowout that has created the worst environmental calamity in American history.BP's chairman apologized for the spreading catastrophe, and said he was suspending the company's quarterly dividend as part of its commitment to the claims p...
-
BP to set aside $20 billion for spill claims
The White House and BP tentatively agreed that the oil giant will create a $20 billion fund to pay claims for the worst oil spill in American history, to be independently run by the mediator who oversaw the 9/11 victims compensation fund, Kenneth Feinberg, according to two people familiar with the deliberations. The agreement was not final and was ...
