Home » Tag Archives: oilrig (page 3)

Tag Archives: oilrig

Judge rejects BP's request to block oil spill payouts

NEW ORLEANS — A federal judge has rejected BP’s request to block what could be billions of dollars in settlement payouts to businesses who claim the company’s 2010 oil spill in the Gulf of Mexico cost them money. Before a hearing today, U.S. District Judge Carl Barbier already had upheld court-appointed claims administrator Patrick Juneau’s interpretation of settlement terms governing ...

Read More »

BP exec: Management, cost-cutting not explored in oil spill probe

NEW ORLEANS — An internal BP probe of the 2010 oil spill in the Gulf of Mexico didn’t explore whether decisions by upper-level management or cost cuts had a role in causing the disaster because investigators didn’t have access to its partners’ employees and records, a BP executive testified yesterday at a trial designed to assign blame to the companies. ...

Read More »

First BP executive testifying at oil spill trial

NEW ORLEANS — The first BP executive to testify at a federal trial over the nation’s worst oil spill was to take the stand for a second day today before a judge tasked with deciding whether the London-based oil giant and other companies acted with gross negligence for the 2010 disaster in the Gulf of Mexico. BP executive Lamar McKay ...

Read More »

Expert: BP's cost-cutting led to 2010 Gulf oil spill

NEW ORLEANS — An expert witness for people and businesses who sued BP over the Gulf oil spill says he found ample evidence that the company’s cost-cutting culture led to the disaster. University of California-Berkeley engineering professor Robert Bea testified today at a civil trial. He says BP PLC didn’t implement a safety management program on the rig that exploded ...

Read More »

Gulf oil spill trial gets underway in New Orleans

GULF OF MEXICO — A high-stakes trial started today to assign blame and help figure out exactly how much more BP and other companies should pay for the nation’s worst offshore oil spill. Attorney Jim Roy, who represents individuals and businesses hurt by the spill, said BP executives applied “huge financial pressure” on its drilling managers to “cut costs and ...

Read More »

Congressmen call for halt to demolition of oil rigs

GULF OF MEXICO — Congressmen from Mississippi and Alabama want the Department of Interior to stop demolishing inactive offshore oil rigs until more study details the dangers to Gulf of Mexico fish species. Reps. Steven Palazzo, R-Miss., and Jo Bonner, R-Ala., in a letter this past week to Interior Secretary Ken Salazar, said the program is killing tens of thousands of ...

Read More »

Company accused of dumping oil in Gulf of Mexico

GULF OF MEXICO — The Justice Department is suing a Houston, Texas-based company it accuses of illegally discharging oil from a platform in the Gulf of Mexico. The federal lawsuit says ATP Oil & Gas Corp.’s alleged Clean Water Act violations were discovered during an Interior Department inspection in March 2012. The suit claims ATP failed to properly operate and ...

Read More »

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 of projects that would meet ...

Read More »

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 of 2012. He also said ...

Read More »

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 to resolve the department’s civil ...

Read More »