MENU
MENU
Claims Far Away from Gulf Oil Spill are Harder to Assess
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Gulf Coast,Maritime Lawsuits,Mississippi Maritime News,Texas Maritime News,World Maritime News on November 15, 2010
Claims that allege damage far away from the Gulf oil spill caused by the Deepwater Horizon disaster are complicating the assessment of claims from the BP Oil Spill Fund. An article at Businessinsurance.com reports that the Gulf Coast Claims Facility will have enough money to pay legitimate losses, but there is a danger that the… read more
Halliburton Admits Skipping Critical Test on Cement Used to Seal BP Oil Well
Posted in BP British Petroleum,Deepwater Horizon,Government,Gulf Coast,Halliburton,Maritime Law,World Maritime News on November 1, 2010
Halliburton Co. finally admitted on Thursday, October 30, that it did skip doing a critical test on the final formulation of cement used to seal the BP Macondo oil well that blew out in the Gulf of Mexico on April 20th. The company, which was BP’s cementing contractor, said that BP at the last-minute increased… read more
Halliburton and BP Knew About Substandard Cement Before Oil Spill
Posted in BP British Petroleum,Deepwater Horizon,Environment,Government,Gulf Coast,Maritime Lawsuits,World Maritime News on October 29, 2010
WASHINGTON DC – A presidential commission investigating the Deepwater Horizon blowout has discovered that Halliburton and BP knew three weeks before the accident that the cement used to seal the well was unstable, but still went ahead with the job. This was the first official finding of responsibility for the blowout and disaster where 11… read more
BP Sells 4 Gulf of Mexico Fields to Pay For Oil Spill
Posted in BP British Petroleum,Deepwater Horizon,Gulf Coast,World Maritime News on October 25, 2010
LONDON – On Monday, October 25, 2010 British Petroleum PLC (BP) announced the sale of its stake in four of its Gulf of Mexico oil and gas fields to Marubeni Oil and Gas for $650 million. The latest sale of Gulf assets is part of an effort by BP to raise $30 billion to help… read more
BP Unclear About Trying to Limit Its Liability For Gulf Oil Spill
Posted in BP British Petroleum,Government,Gulf Coast,Louisiana Maritime News,Maritime Lawsuits on October 18, 2010
NEW ORLEANS, LA – On Friday, October 15, 2010 at a status conference for the BP oil spill, an attorney for BP was unable to make a definitive stance on whether the company would try to limit its liability payout to the $75 million cap provided by the Oil Pollution Act (OPA). The conference was… read more
U.S. Offshore Drilling Agency To Conduct Surprise Inspections
Posted in BP British Petroleum,Government,Gulf Coast,Maritime Law,World Maritime News on October 15, 2010
WASHINGTON DC – As part of a new aggressive enforcement effort adopted by the Obama administration since the BP oil spill, the government will begin to conduct surprise inspections on oil rigs. The announcement was made on Thursday, October 14, 2010 by Michael Bromwich, the head of the Bureau of Ocean Energy Management (BOEM), an… read more
U. S. Ends Deepwater Drilling Ban Sets New Rules
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Government,Gulf Coast,Louisiana Maritime News,Mississippi Maritime News,Texas Maritime News,World Maritime News on October 13, 2010
WASHINGTON, DC – The Obama administration lifted its ban on deep water drilling seven weeks ahead of schedule Tuesday, Oct 12, stating that the new rules cut the risk of a repeat of the BP oil spill, caused by the Deepwater Horizon explosion on April, 20th. The U.S. Interior Department said oil companies must comply… read more
U.S. Oil Companies Plan New Insurance Fund to Cover Future Oil Spills
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Gulf Coast,Louisiana Maritime News,Mississippi Maritime News,Texas Maritime News,World Maritime News on October 11, 2010
BP’s cost of the massive Gulf oil spill is expected to reach over $30 billion in clean-up and compensation which has raised U.S. oil companies concerns about what would happen if a company without BP’s massive resources had been operating the blown-out well. In order to avoid a scenario where smaller companies are unable to… read more
Oil Spill Panel Says White House Blocked Worst Case Oil Spill Figures
Posted in BP British Petroleum,Deepwater Horizon,Environment,Government,Gulf Coast,World Maritime News on October 8, 2010
WASHINGTON, DC — According to a commission appointed by the president to investigate the Gulf oil spill disaster, the Obama administration blocked efforts by government scientists to tell the public just how bad the Gulf oil spill could become and raised questions about its competence and candor during the crisis. In documents released Wednesday, the… read more
Feinberg Says Geographic Proximity No Longer an Issue in Gulf Oil Spill Claims
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Florida Maritime News,Government,Gulf Coast,Louisiana Maritime News,Maritime Lawsuits,Texas Maritime News,World Maritime News on October 6, 2010
OCEAN SPRINGS, MS. — Attorney Kenneth Feinberg, administrator of the BP $20 billion escrow fund, says geographic proximity to areas impacted by the Gulf oil spill that resulted from the Deepwater Horizon disaster no longer play a role in whether people and businesses are compensated. The April 20th Deepwater Horizon oil rig explosion killed 11… read more