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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Prescription for success — Transcript Pharmacy continues fast growth
- Study: Mississippi has highest sales tax rate in U.S.
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide