Home » Tag Archives: crude

Tag Archives: crude

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 discovery well was drilled in ...

Read More »

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NEW ORLEANS — A federal appeals court has withdrawn its earlier ruling that BP is entitled to a portion of $750 million in coverage under a contractor’s insurance policies to help the London-based oil giant pay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 5th U.S. Circuit Court of ...

Read More »

Judge rules BP must pay oil spill settlement administrator

NEW ORLEANS — A federal magistrate has ordered BP to pay more than $130 million in fees to the court-supervised administrator of its multibillion-dollar settlement with Gulf Coast businesses and residents after the company’s 2010 oil spill. U.S. Magistrate Sally Shushan ruled that BP is obligated to fund the settlement program’s third-quarter budget even though BP complains that its administrator, ...

Read More »

BP claims it's found more fraud in oil spill settlement program

NEW ORLEANS — BP says it has uncovered new allegations of fraud and conflicts of interest inside the settlement program that has awarded billions of dollars to Gulf Coast businesses and residents following the company’s 2010 oil spill in the Gulf of Mexico. In a federal court filing today, BP renewed its request for a judge to temporarily suspend settlement ...

Read More »

Judge to hear BP's complaint about oil spill claims

NEW ORLEANS — A federal judge has scheduled a hearing Friday on BP’s bid to temporarily block settlement payments to Gulf Coast businesses and residents who claim they lost money after the company’s 2010 oil spill. Yesterday, BP asked U.S. District Judge Carl Barbier to suspend the payments while former FBI Director Louis Freeh investigates alleged misconduct by a lawyer ...

Read More »

Company, using MSU technology, plan biocrude production facility

Mississippi State University has granted a commercialization license to a Jackson-based company for a technology developed and owned by the university. The technology extracts oil from microorganisms. Bio Energy Spectrum Solutions, LLC, received the exclusive right to commercialize MSU’s patented technology involving extracting biocrude from oleaginous microorganisms, which are found in wastewater treatment facilities. The microorganisms accumulate oil similar to ...

Read More »

River remains closed as oil spill cleanup continues

VICKSBURG — Barges transporting commerce idled among the nearly four-dozen vessels stacked up today along a normally bustling stretch of the Mississippi River, denied transit as crews feverishly sought to clean up leaking oil spilled in a weekend barge accident. Workers have been skimming oily water around the clock near Vicksburg ever since a barge carrying 80,000 gallons of oil ...

Read More »

Towboat hits bridge, spills light crude in Mississippi

VICKSBURG — A barge laden with 80,000 gallons of oil struck a railroad bridge in Vicksburg over the weekend, spilling light crude into the Mississippi River and closing the waterway for miles each way, the Coast Guard said. A second barge was damaged. Although an oily sheen was reported up to three miles downriver from Vicksburg, investigators were uncertain how ...

Read More »

Officials approve fracking on town-owned property

CALEDONIA — Caledonia officials will allow an oil company to a fracking process to drill on town-owned land. The Commercial Dispatch reports the town signed an agreement with Fletcher Petroleum Corp. of Fairhope, Ala. The town received $100 for a three-year lease on a three-quarter-acre parcel. Hydraulic fracturing involves drilling horizontally instead of straight down, using high-pressure jets of water, ...

Read More »

Site selected for oil seed-crushing/biodiesel plant

YAZOO COUNTY — Bio Energy, LLC has secured a site in Yazoo County to build an oil seed-crushing/biodiesel plant. The entity operating this facility will be known as Bio Energy Yazoo. The crushing plant will sell soy meal to the Mississippi and possibly Louisiana poultry industry, and soy oil will be used for the production of biodiesel when market conditions ...

Read More »