Posts Tagged ‘offshore drilling’

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. […] [...]

Callon Petroleum selling Gulf asset for $100M

NATCHEZ — W&T Offshore Inc. plans to buy Callon Petroleum Co.’s shares of Gulf of Mexico oil and gas fields for $100 million. Callon announced the sale Thursday. It’s supposed to close by Nov. 30. Houston-based W&T will buy a 15 percent share of the Medusa field, which produces about 1,000 barrels of oil per […] [...]

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 […] [...]

Judge suspends some oil spill settlement payments

NEW ORLEANS — A federal judge has ordered the administrator of a multibillion-dollar settlement over BP’s 2010 Gulf oil spill to immediately suspend making settlement offers and payments to some businesses that claim the company’s 2010 oil spill cost them money. U.S. District Carl Barbier issued Thursday’s order a day after an appeals court reversed […] [...]

Lawyers: BP lied and withheld information about oil spill

NEW ORLEANS — BP lied to the U.S. government and withheld information about the amount of oil spilling into the Gulf of Mexico after its well blew out in 2010, attorneys told a judge today. But lawyers for the London-based oil giant denied those accusations and said there was no way to prepare for such […] [...]

BP asks judge again to suspend oil spill settlement payments

NEW ORLEANS — BP yesterday renewed its request for a federal judge to temporarily suspend settlement payments to Gulf Coast residents and businesses following its massive 2010 oil spill, citing a scathing report on alleged misconduct within the court-supervised program. In a court filing, BP attorneys said the report issued earlier this month by former […] [...]

BP wants wants cut in oil spill settlement budget

NEW ORLEANS — BP has urged a federal judge to reject a $111-million budget request by the court-supervised administrator of the company’s multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill. In a court filing yesterday, BP attorneys said claims administrator Patrick Juneau refused to cut his office’s fourth-quarter budget […] [...]

Court reverses decision on BP getting oil spill insurance money

NEW ORLEANS — A federal appeals court has withdrawn its earlier ruling that BP is entitled to a portion of $750 million in coverage under a contractor’s insurance policies to help the London-based oil giant pay for costs associated with its massive 2010 oil spill in the Gulf of Mexico. A three-judge panel of the […] [...]

Judge refuses to suspend oil spill settlement payments

NEW ORLEANS — A federal judge has rejected BP’s latest request to suspend settlement payments to Gulf Coast residents and businesses while former FBI Director Louis Freeh leads an independent investigation of the program, which compensates victims of the company’s 2010 oil spill. U.S. District Judge Carl Barbier’s order today says an internal probe by […] [...]

Report blames welding for fatal Gulf oil rig fire

GULF OF MEXICO — A consultant’s report for a Texas-based company says a deadly 2012 explosion on its Gulf of Mexico oil platform off the Louisiana coast happened when workers for a subcontractor used unsafe welding practices. The report was released today, the same day two injured workers and their spouses filed a $180 million […] [...]

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