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Tag Archives: oil spill

$87 million each for lead firms in 2010 oil spill litigation

NEW ORLEANS — A committee of attorneys involved in litigation arising from the 2010 Gulf of Mexico oil spill has made its recommendation for dividing some $700 million in fees among 122 law firms involved in years of complex legal work. Two Louisiana law firms involved in the litigation from its early days each will get roughly $87.8 million if ...

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House balks at Senate plan for oil spill damage account

Mississippi lawmakers may be unable to decide this year how to spend $750 million in oil spill damage payments, with sniping between House and Senate members after a bill died at a Tuesday deadline for action when the House Appropriations Committee didn’t bring it up. House members from Mississippi’s coast said Senate Bill 2634 didn’t have the detailed structure they wanted to ...

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Mississippi Senate approves bill sending BP damages to coast

Mississippi senators want to create a new savings account channeling damage payments from the 2010 Deepwater Horizon oil spill to projects on the Mississippi Gulf Coast. The Senate voted unanimously Tuesday to approve Senate Bill 2634 , which would create an account to $750 million in receive economic damages that BP has agreed to pay to Mississippi over 17 years. The measure ...

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Attorneys in BP settlement will divide $555.2 million

A judge has ruled a group of attorneys will divide $555.2 million for their work on behalf of people and businesses who suffered economic damages because of BP’s 2010 Gulf oil spill. U.S. District Judge Carl Barbier (BAHR’-bee-aye) of New Orleans issued a 42-page ruling spelling out reasons for the award, the result of work on a 2012 settlement that ...

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USDA describes $328M oil spill restoration plan for Gulf

CARRIERE, Miss. — The U.S. Department of Agriculture says it’s focusing conservation programs along the Gulf of Mexico in a $328 million plan to help recovery from the 2010 oil spill. Undersecretary Robert Bonnie says the agency will use that focus through 2018 as it helps coastal producers plan improvements to improve water quality and improve coastal ecosystems under several ...

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Settlement reached in lawsuit over decade-old Gulf oil leak

NEW ORLEANS — Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said Thursday it has agreed under the settlement to spend $400,000 to foster coastal research and will host a public forum and ...

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5 years after BP spill, industry touts ability to respond

NEW ORLEANS — An oil consortium says an oil spill in the Gulf of Mexico today can be cleaned up far faster than five years ago when BP’s Macondo well blew out 45 miles off the coast of Louisiana, spawning the nation’s worst offshore oil spill. It took BP and the industry’s best containment technology 87 days to contain the ...

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Judge: Oil, gas firms not liable for La. coastal erosion

NEW ORLEANS — A federal judge has dismissed a New Orleans-area levee authority’s lawsuit charging oil and gas companies with destroying Louisiana’s coastal wetlands. The lawsuit was filed by the Southeast Louisiana Flood Protection Authority-East in 2013 against nearly 100 oil and gas companies over damage they allegedly caused to Louisiana’s wetlands. The authority is one of two regional boards ...

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Trial ends over how much BP should pay for Gulf oil spill

NEW ORLEANS — The latest phase of a trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill — which could reach $13.7 billion — ended Monday, but a decision from the judge is not expected for months. The trial closed after two weeks of testimony and arguments by ...

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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 other research consortia got money. ...

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