Posts Tagged ‘BP’

Treasury okays rule for dividing oil spill recovery trust funds

GULF COAST — The U.S. Treasury Department says it has cleared the way for Gulf Coast state and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund fed with civil penalties arising from the 2010 BP oil spill. A department statement says that, so far, the trust fund has […] [...]

Judge: Businesses shouldn’t repay oil spill settlement money

NEW ORLEANS — A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated. BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims. One […] [...]

Barbier to hear arguments over repayment of oil spill settlement money

by Published: September 24,2014

Tags: bench, BP, Carl Barbier, court, energy, judghe, justice, law, legal, oil spill, settlement

NEW ORLEANS — The federal judge for Gulf of Mexico oil spill cases was set to hear arguments today about whether BP PLC should get back hundreds of millions of dollars from businesses that got settlement payments between August 2012 and October 2013. The oil company says that’s only fair because Judge Carl Barbier found […] [...]

BP possibly facing another $18B in fines after Barbier’s oil spill ruling

NEW ORLEANS — BP could be looking at close to $18 billion in additional fines over the nation’s worst offshore oil spill after a federal judge ruled yesterday that the company acted with “gross negligence” in the 2010 Gulf of Mexico disaster. U.S. District Judge Carl Barbier concluded that the London-based oil giant showed a […] [...]

Judge rules BP’s ‘reckless conduct’ caused 2010 Gulf oil spill

NEW ORLEANS — A federal judge has ruled that BP’s reckless conduct resulted in the nation’s worst offshore oil spill, leaving the company open to billions of dollars in penalties. U.S. District Judge Carl Barbier’s ruling today could nearly quadruple the amount of civil penalties for polluting the Gulf of Mexico with oil from BP’s […] [...]

Treasury Department sets rules for BP oil spill money

GULF OF MEXICO — The U.S. Treasury has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010. The rules released yesterday formally set up a trust fund for money that state […] [...]

Biloxi council approves $29M contract for baseball stadium construction

BILOXI — The city of Biloxi has entered into a $29-million contract to build a no-frills minor league baseball stadium. Yesterday, the city council voted to give the contract to W.G. Yates & Sons. Stadium architect Leigh Jaunsen said Yates should be ready to start in a week. Bids for construction initially came in some […] [...]

Judge: Owners of Macondo well cannot avoid oil spill fines

NEW ORLEANS — The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company’s failed equipment, a federal appeals court ruled yesterday. The oil came from a well owned by BP and Anadarko Petroleum Corp., so they are liable, the 5th U.S. Circuit Court of Appeals […] [...]

BP ordered to resume oil spill payments as Court reviews settlement

NEW ORLEANS — BP PLC must resume paying claims while it asks the U.S. Supreme Court to review its settlement with businesses over the 2010 Gulf of Mexico oil spill, a federal appeals court panel said yesterday. The 2-1 judgment said the 5th U.S. Circuit Court of Appeals will not put a stop to payments […] [...]

Board sets date for release of part of oil spill report

NEW ORLEANS — A federal agency looking into the 2010 Deepwater Horizon oil rig explosion says it plans to release two volumes of a four-volume report on the disaster on June 5. The Chemical Safety Board said in a news release that the focus of its investigation is to prevent such accidents in the future. […] [...]

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