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Tag Archives: petroleum

Gulf oil and gas lease sale pulls in $1.2B in bids

GULF OF MEXICO — A nearly 39 million-acre oil and gas lease sale yesterday for the central Gulf of Mexico drew $1.2 billion in high bids by offshore energy producers. The Bureau of Ocean Energy Management said 52 companies submitted 407 bids on 320 tracts, three to 230 miles off the coasts of Louisiana, Alabama and Mississippi. The tracts, covering ...

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Salazar to attend federal oil and gas lease sale

GULF OF MEXICO — U.S. Interior Secretary Ken Salazar will be on hand when federal regulators put more than 38 million acres in the central Gulf of Mexico up for bid to offshore energy producers. The sale in New Orleans will begin at 9 a.m. today in the Superdome and include about 7,299 federally-owned drilling tracts, three to 230 miles ...

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La. oil company appeals judge's post-explosion ruling

FORREST COUNTY — A Louisiana-based oil company has appealed a judge’s ruling that upheld a new sign and fencing ordinance put in place by Forrest County after fatal 2009 oil tank explosion. The appeal by Delphi Oil Inc. of Baton Rouge, La., is among dozens the Mississippi Supreme Court will consider during its March-April term. A decision is expected later ...

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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. ...

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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 ...

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BP will not be penalized for 34M gallons of oil spilled in Gulf

GULF OF MEXICO — BP and the federal government have agreed that 34 million gallons of oil captured during the massive 2010 spill in the Gulf of Mexico can’t count toward civil penalties the oil giant faces. The agreement is contained in a court filing yesterday. It came in response to BP’s argument that workers either burned the collected oil ...

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BP fails to reach settlement in advance of civil trial

GULF OF MEXICO — BP acknowledged today it had failed to reach a settlement in advance of next week’s civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against allegations of gross negligence in the U.S.’s biggest environmental disaster. Rupert Bondy, the group’s general counsel, said in a statement that settlement demands were “not based ...

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Broken pipeline leaks gallons of oil into creek

JASPER COUNTY — Authorities say about 40 gallons of oil leaked from a broken pipeline in Jasper County into a creek east of Bay Springs yesterday before being stopped. The pipeline, owned by Houston, Texas-based Plains All-American Pipeline LP, began leaking sometime before 3 p.m. yesterday, when it was discovered. It connects to one of the many oil fields around ...

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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 ...

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