Posts Tagged ‘offshore drilling’

BP oil spill committee to release plan in July

NEW ORLEANS — The committee set up to manage most environmental fines going to the states affected by the BP oil spill of 2010 says it will release its plan July 6. The Courier of Houma, La., reports that a seven-page document released last week by the Gulf Coast Ecosystem Restoration Council includes a list [...] [...]

BP oil spill damage claims exceed $1B

ACROSS MISSISSIPPI — Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class-action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick Juneau said. Juneau said the payments reached the $1-billion mark before the end [...] [...]

Justice reaches $1.4B settlement with Transocean for oil spill

GULF OF MEXICO — The Justice Department has reached a $1.4-billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico. Two people with knowledge of the negotiations say Switzerland-based Transocean would pay the money [...] [...]

BP banned from new contracts in the Gulf by EPA

GULF OF MEXICO — The Obama administration put a temporary stop to new federal contracts with British oil company BP today, citing the company’s “lack of business integrity” and criminal proceedings stemming from the Deepwater Horizon disaster in 2010. The action by the Environmental Protection Administration won’t affect current contracts, but prevents BP and its [...] [...]

Many who opted out of BP settlement made invalid requests

NEW ORLEANS — Only about half the businesses and individuals who asked to be excluded from a proposed settlement over BP’s 2010 oil spill submitted valid requests, the company and a team of plaintiffs’ attorneys said in a court filing. A maximum of 13,123 potential claimants submitted valid opt-out requests by a Nov. 1 deadline, [...] [...]

BP pleads guilty to multiple charges, to pay $4.5B for spill

GULF OF MEXICO — Oil giant BP says it has agreed to pay $4.5 billion in a wide-ranging settlement with the U.S. government over the 2010 oil spill in the Gulf of Mexico. The London based multinational also said in a statement today it agreed to plead guilty to charges including 11 felony counts of [...] [...]

Judge holding fairness hearing on oil spill class-action claims

NEW ORLEANS — A federal judge in New Orleans is set to preside over a fairness hearing for a proposed class-action settlement of economic damage claims spawned by BP’s 2010 oil spill in the Gulf of Mexico. During today’s hearing, the London-based oil giant and a team of private plaintiffs’ attorneys will urge U.S. District [...] [...]

Thousands opt out of class-action oil spill settlement

NEW ORLEANS — The architects of a proposed class-action settlement of claims spawned by the 2010 oil spill in the Gulf of Mexico are confident it won’t be derailed by thousands of businesses and individuals opting out of the deal. Thursday is the deadline for claimants to postmark written requests to opt out of the [...] [...]

Association: Shrimp processors still face oil spill dilemma

GULF OF MEXICO — With looming legal deadlines related to the 2010 BP oil spill, dozens of shrimp processors along the Gulf Coast face a difficult dilemma, with either decision having the potential to jeopardize the future of their businesses and the region’s seafood industry, according to a leading trade association. All pending claims for [...] [...]

Oil seeping from failed 2010 spill-prevention equipment

GULF OF MEXICO — A sheen on the Gulf of Mexico likely came from oil seeping out of a piece of discarded equipment that failed to contain BP PLC’s massive 2010 oil spill, the company and the Coast Guard said. A statement from BP said a three-day inspection confirmed that its Macondo well, which blew [...] [...]

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