Posts Tagged ‘Oil’

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 […] [...]

Shale oil: market correction or longterm direction?

By Jack Weatherly The golden age of hydraulic fracturing began about 10 years ago “as oil and gas producers began to explore the nation’s massive shale formations in earnest,” according to an essay on the American Society of Mechanical Engineers website. Expansion of the technique in subterranean shale formations has pushed the United States toward oil […] [...]

Dropping gasoline prices a reason for giving thanks

By Jack Weatherly Holiday travelers have one more reason to be thankful this year. And Mississippians could have another gift at Christmas, if prices at the pump continue to fall, which is the consensus of observers. That’s because dropping crude-oil prices have driven retail gasoline prices to their lowest level in four years. AAA projects […] [...]

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 […] [...]

Gulf oil rig explosion kills one worker, injures three

GULF OF MEXICO — An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico yesterday, killing one person and injuring three. The Bureau of Safety and Environmental Enforcement said Fieldwood Energy reported the explosion on its Echo Platform just before 3 p.m. about 12 miles off Louisiana’s coast. In a […] [...]

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 […] [...]

Tubular Bells project underway in the Gulf of Mexico

GULF OF MEXICO — The Hess Corporation-operated Tubular Bells deepwater project, located in the Gulf of Mexico, has started crude oil and natural gas production, according to Chevron Corporation. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1,310 m) of water in the Mississippi Canyon area. The […] [...]

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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