Posts Tagged ‘Deepwater Horizon’

More than half latest round of oil spill seafood claims paid

by Published: February 13,2015

Tags: Business, Deepwater Horizon, Mississippi, NEWS

NEW ORLEANS — The administrator of claims arising from the 2010 Gulf of Mexico oil spill says more than half the payments from a $500 million second round of seafood industry claims have been distributed. Patrick Juneau said in a news release that the program has resulted in $296 million in payments to 2,647 claimants. […] [...]

Trial ends over how much BP should pay for Gulf oil spill

by Published: February 3,2015

Tags: BP, Business, Deepwater Horizon, Mississippi, NEWS, oil spill

NEW ORLEANS — The latest phase of a trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill — which could reach $13.7 billion — ended Monday, but a decision from the judge is not expected for months. The trial closed after two weeks […] [...]

Anadarko argues against $1B penalty in 2010 Gulf oil spill

NEW ORLEANS — An energy company that invested in the ill-fated Macondo well in the Gulf of Mexico is arguing in court that it should not face steep federal Clean Water Act penalties for the 2010 BP oil spill. The government has suggested a penalty of more $1 billion for Anadarko Petroleum Corp. Anadarko lawyers […] [...]

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 […] [...]

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