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Tag Archives: British Petroleum

BP approves expansion of Gulf oil project

BP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them. “BP’s Gulf of Mexico business is key to our strategy of growing production of advantaged high-margin oil. We are building on our world-class position, upgrading the resources at our fields through ...

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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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Impacts of BP oil spill continue

By BECKY GILLETTE The National Wildlife Federation report, 9 Things You Didn’t Know About the Deepwater Horizon Disaster and How We Can Restore the Gulf of Mexico, includes these key findings: *Nearly all of the populations of dolphins and whales in the oiled area were found to have demonstrable, quantifiable injuries. *In the five years after the disaster, more than ...

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BP oil spill settlement paves the way for recovery progress

By BECKY GILLETTE The Deepwater Horizon oil spill court settlement between BP and the government reached April 4—just a couple weeks before the sixth anniversary of the world’s largest oil spill disaster—opens the way for millions of dollars being allocated for projects on the Mississippi Gulf Coast designed to compensate for the environmental damages. There are three different funding streams ...

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Biloxi settles with BP for $4.9 million

BILOXI — The city of Biloxi is accepting $4.9 million from BP as part of a group settlement of local government claims for economic losses caused by the 2010 BP oil spill in the Gulf of Mexico. Last week, BP and five coastal states announced a deal to provide $18.7 billion in new money to the states. The company said ...

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Gulf states reach $18.7 billion settlement with BP over 2010 Deepwater Horizon oil spill

NEW ORLEANS — BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant’s oil spill in 2010. The settlement, if accepted by a federal judge, would end a yearslong battle between BP and the U.S. government over Clean Water Act penalties after ...

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