Mississippi Business Journal » oil and gas

Delta Fuel expanding in-state footprint, planning to leave Louisiana

Associated Press — Mon, 02 Apr 2012 20:43:38 +0000

NATCHEZ — Two long-time Miss-Lou oil distributors have recently been bought out, but one of the buyers is expanding its market share in Mississippi and making plans to move out of Louisiana. Delta Fuel Co. Inc. recently bought the wholesale side of Independent Oil and Coal Co., and has leased the bulk plant of Cloutier [...]

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Justice Department opposes fees awarded to oil spill lawyers

Associated Press — Mon, 16 Jan 2012 14:49:05 +0000

NEW ORLEANS — The fees a judge awarded lawyers fighting BP discourage people from settling oil spill claims out of court, the Justice Department says. In a court filing, the Justice Department opposed U.S. District Judge Carl Barbier’s decision to set aside up to 6 percent of claims payments after Dec. 30 for trial lawyers [...]

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Trustees want input on proposed oil spill plan

MBJ Staff — Mon, 16 Jan 2012 14:48:29 +0000

MISSISSIPPI GULF COAST — With the recently released Deepwater Horizon Draft Phase I Early Restoration Plan & Environmental Assessment (DERP/EA), federal and state trustees are asking the public to come make formal comments on the proposed plan for early restoration projects following the Deepwater Horizon (DWH) oil spill of 2010. Consisting of eight projects, two [...]

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Coast harbor gets payment from BP for oil spill

Associated Press — Fri, 09 Dec 2011 14:56:41 +0000

BAY ST. LOUIS — The Hancock County Port and Harbor Commission has received a $509,000 settlement with BP. Port and harbor director Jack Zink says the commission has agreed not to sue BP over the 2010 oil spill. Zink tells the Sea Coast Echo the damage did not come from the oil, but rather from [...]

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Chevron announces spending plan for 2012

MBJ Staff — Thu, 08 Dec 2011 18:06:53 +0000

PASCAGOULA — Chevron Corporation has unveiled a $32.7-billion capital and exploratory spending program for 2012. Total investments for 2011 are estimated at $33 billion, reflecting approximately $28 billion in capital and exploratory expenditures and $4.5 billion for the acquisition of Atlas Energy Inc., which closed earlier in the year. Capital spending of $3.6 billion in [...]

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Regulators issue more violations against BP for oil spill

Associated Press — Wed, 07 Dec 2011 18:38:10 +0000

NEW ORLEANS — Federal regulators have issued a second set of violations against BP for activities related to the 2010 blown-out well that led to the deaths of 11 rig workers and the worst offshore oil spill in U.S. history. The Bureau of Safety and Environmental Enforcement issued five violations today. The violations claim BP [...]

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MDEQ to begin post-oil spill shoreline inspections

MBJ Staff — Thu, 01 Dec 2011 14:45:22 +0000

MISSISSIPPI GULF COAST — The Mississippi Department of Environmental Quality (MDEQ) is working with the Gulf Coast Incident Management Team (GCIMT), Unified Command (UC) to inform landowners that inspections for material from the 2010 Deepwater Horizon oil spill will begin soon on shoreline segments that have previously been determined to meet response cleanup criteria and [...]

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Former Gov. Bill Waller dies

Amy McCullough — Wed, 30 Nov 2011 22:41:30 +0000

JACKSON — Former Mississippi Gov. William Waller Sr., 85, died Wednesday. On Tuesday Waller was admitted to St. Dominic Hospital in Jackson, his law office confirmed. Waller served as governor from 1972-76 — a time when Mississippi governors were limited to one term. He ran unsuccessfully for the state’s highest office in 1967, but went [...]

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BP offers more post-spill aid to shrimpers, crabbers

Associated Press — Wed, 30 Nov 2011 17:48:37 +0000

GULF OF MEXICO — Gulf of Mexico shrimpers and crabbers, who have reported diminished catches since the BP oil spill, are being offered a more generous settlement package due to lingering uncertainties over seafood. Yesterday, Kenneth Feinberg, who is overseeing payments from a $20-billion compensation fund for victims of the 2010 oil spill, said he [...]

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Coast city wants $11.8M for oil spill, BP offers $76,000

Associated Press — Wed, 30 Nov 2011 14:21:04 +0000

GULFPORT — Gulfport leaders are seeking $11.8 million from BP for oil-catastrophe losses, but the company has so far offered only $76,000. That’s according to consultants the city hired. The Sun Herald reports the city has agreed to pay the consultants from Dutko Grayling up to $80,000 for handling the city’s claim. Annette P. Herrin, [...]

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