Anadarko reneges on payment to BP
by Associated Press
Published: July 9,2010
NEW YORK — Anadarko Petroleum Corp. is refusing to pay BP about $272 million for its share of the costs tied to the massive Gulf oil spill.
The Houston-based oil company is part owner in the Macondo well that blew out on April 20 and has sent millions of gallons of oil into the sea. Spokesman John Christiansen said today that Anadarko informed BP of its intention to withhold payment for the bill BP sent it in early June.
So far, BP has paid more than $3 billion to deal with the spill. According to a joint-operating agreement, Anadarko is on the hook for a quarter of the costs, so BP could be sending more bills. Anadarko claims it shouldn’t be held responsible because it believes BP was reckless in the drilling operation.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- District at Eastover construction to start later this year
- Fervor grows for Tuscaloosa Marine Shale
- With no interim, board begins hunt for MVSU president
- LNG facility hoping to begin exporting natural gas
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Supervisors to talk with trustees about selling hospital
- WOODS: Time to put gloves on for handgrabbing
- The link between education and economic development