Posts Tagged ‘Carl Barbier’

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 […] [...]

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 appeals judge’s ruling over spill claims

NEW ORLEANS — BP is appealing a judge’s rejection of its argument that claimants who can’t trace their losses directly to the company’s 2010 Gulf oil spill shouldn’t receive payments through a multibillion-dollar settlement with a team of private plaintiffs’ lawyers. BP attorneys filed a notice of appeal yesterday, two days after the ruling by […] [...]

Judge to hear objections to BP oil spill settlement

NEW ORLEANS — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company’s massive 2010 oil spill. Today, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That’s […] [...]

Second phase of BP oil spill trial comes to an end

NEW ORLEANS — Two weeks of courtroom debate over how much oil spewed into the Gulf of Mexico after BP PLC’s 2010 rig disaster has concluded, marking the end of the second phase of a trial over the Deepwater Horizon explosion that killed 11 workers. Government experts estimate 176 million gallons spilled into the Gulf. […] [...]

Oil spill trial begins look into how much oil leaked into Gulf

NEW ORLEANS — The focus of a trial over BP’s 2010 oil spill in the Gulf of Mexico has shifted to the multibillion-dollar question of how much crude gushed from BP’s blown-out well. Lawyers for BP and the federal government began Monday presenting U.S. District Judge Carl Barbier with conflicting scientific theories to explain their […] [...]

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