Posts Tagged ‘Deepwater Horizon’

BP to sell part of its Gulf of Mexico stake to Chevron

NEW YORK — BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed. The joint-development agreement is a way for the companies to try […] [...]

Executive: No guarantee BP would help pay subsidiary’s fines

NEW ORLEANS — An executive for the BP subsidiary that faces billions of dollars in possible fines for the 2010 Gulf of Mexico oil spill testified Tuesday that it is uncertain whether other BP entities would step in to help pay a steep penalty. The day’s first witness was Richard Morrison, regional president and chairman […] [...]

BP to call witnesses as it fights for lesser spill penalty

NEW ORLEANS — It will be oil giant BP’s turn Monday to call witnesses as it makes its case for a civil penalty lower than the $13.7 billion the federal government is seeking for the 2010 Gulf of Mexico oil spill. The second week of a three-week trial was set to begin in New Orleans. […] [...]

BP hopes to lessen potential $13.7 billion spill penalty

NEW ORLEANS — Lawyers for the government and oil giant BP head to federal court Tuesday for a trial in that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill. Federal lawyers say BP should pay Clean Water Act penalties […] [...]

Judge: 3 million barrels discharged after 2010 BP spill

NEW ORLEANS — The amount of oil discharged into the Gulf of Mexico as a result of a 2010 rig explosion was more than BP estimated, but less than the government calculated, a federal judge determined Thursday in a ruling that could cost the London-based oil giant more than $13 billion. U.S. District Judge Carl […] [...]

Pre-trial hearing set for ex-BP exec

NEW ORLEANS — Attorneys for one of the men facing criminal charges in connection with the 2010 Gulf oil spill are hashing out a variety of issues ahead of a March trial. The defendant is former BP executive David Rainey, who has pleaded not guilty to charges that he obstructed a congressional investigation into the […] [...]

USM researchers to study oil, dispersant in Gulf

HATTIESBURG — A research consortia led by the University of Southern Mississippi will use $11 million in funding to study the impact of oil, dispersed oil and dispersant on the Gulf of Mexico’s ecosystem and public health. The funds came from the Gulf of Mexico Research Initiative. The research will be conducted from 2015-17. Eleven […] [...]

BP appealing to have oil spill settlement administrator removed

NEW ORLEANS — BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill. The company filed notice yesterday that it plans to file with the 5th U.S. Circuit Court of Appeals in New Orleans. BP has long […] [...]

GoMRI chooses USM for Gulf oil spill research

OCEAN SPRINGS — The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and public health.  These research investments focus on improving our fundamental understanding of the implications of events such as the Macondo […] [...]

Barbier reaffirms ‘gross negligence’ ruling against BP for oil spill

GULF OF MEXICO — A federal judge in New Orleans is sticking to his ruling that said BP’s conduct in the 2010 Gulf of Mexico oil rig disaster amounted to “gross negligence.” It could mean close to $18 billion in federal penalties for the oil giant. U.S. District Judge Carl Barbier yesterday rejected BP’s call […] [...]

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