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BP Pledges Gulf Oil Well Assets as Collateral For Oil Spill Fund
Posted in BP British Petroleum,Deepwater Horizon,Government,Gulf Coast on October 1, 2010
LONDON — In a press release on Friday, October 1, 2010 British Petroleum PLC (BP) announced that it “has pledged certain Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.” BP made the move to… read more
Obama Wants To Use BP Oil Spill Fines To Restore Gulf Coast
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Government,Gulf Coast,Maritime Lawsuits,Mississippi Maritime News,Texas Maritime News,World Maritime News on September 29, 2010
NEW ORLEANS, La. — The Obama administration and BP are in talks to reach an agreement about a possible settlement over fines for the devastating Gulf oil spill that was caused by the Deepwater Horizon disaster on April 20, 2010. According to an article at The Huffington Post, Louisiana Republican Rep. Steve Scalise told The… read more
Alabama to Receive Billions from BP Due to Oil Spill
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Government,Gulf Coast,Louisiana Maritime News,Maritime Lawsuits,Mississippi Maritime News,Texas Maritime News,World Maritime News on September 27, 2010
BIRMINGHAM, AL – In an article from Reuters, Governor Bob Riley said on Monday that Alabama expects to receive billions of dollars in penalties from BP as a result of the Gulf Oil Spill. BP and the White House will probably soon reach an agreement on how much money will be available to four Gulf… read more
Deepwater Horizon Well is Offically Declared Dead
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 September 24, 2010
The permanent cement plug is now in place on the blown out Deepwater Horizon well 5000 feet below the surface of the Gulf. This brings concerns about the wells stability to a close 5 months after the Deepwater Horizon explosion that killed 11 oil rig workers on April 20, 2010. The Deepwater Horizon oil spill… read more
Transocean – Deepwater Horizon to Economic Horizon
Posted in BP British Petroleum,Deepwater Horizon,Government,Gulf Coast,Louisiana Maritime News,Maritime Lawsuits,Texas Maritime News,Transocean on September 22, 2010
In 2010, the Human and Organizational Factors Team for the Offshore Division of the Health and Safety Executive issued a report [HSE Report] that places Transocean in a light that demonstrates that it tries to place the blame on lower employees rather than look at corporate management decisions as it pertains to safety. The report… read more
Louisiana Files Lawsuit Against Transocean For Gulf Oil Spill
Posted in BP British Petroleum,Deepwater Horizon,Environment,Gulf Coast,Louisiana Maritime News,Maritime Lawsuits,Transocean,World Maritime News on September 21, 2010
NEW ORLEANS, LA – The state of Louisiana has filed suit against Triton Asset Leasing GmbH and Transocean Ltd. for damages resulting from the Gulf oil spill. In the lawsuit, “State of Louisiana v. Triton Asset Leasing, GMBH et al.”, the defendants listed are Transocean Deepwater, Inc., Transocean Holdings, L.L.C., Transocean Offshore Deepwater Drilling, Inc…. read more
Oil Rig Survivor Blames BP For ‘Screwed-Up Plan’ That Lead to Gulf Disaster
Posted in BP British Petroleum,Deepwater Horizon,Transocean on September 16, 2010
WASHINGTON, DC – Oil rig survivor and Transocean employee, Buddy Trahan, a supervisor on the Deepwater Horizon when it exploded and caught fire on April 20, 2010, was severely injured in the disaster and blames BP for their “screwed-up plan” that lead to the blowout of the well and tragedy that followed. Buddy Trahan, 43… read more
U.S Justice Department Expected to Sue BP Over Gulf Oil Spill
Posted in BP British Petroleum,Deepwater Horizon,Government,Gulf Coast,Maritime Lawsuits,World Maritime News on September 15, 2010
NEW ORLEANS, La. – The U.S Justice Department filed papers with the U.S. District Court in New Orleans Monday, September 13, indicating that they expect to sue BP for damages as a result of the Deepwater Horizon oil spill in the Gulf of Mexico, on April 20, 2010. CNN reported that in the filing, federal… read more
Gulf Coast Real Estate Professionals to Receive Compensation From BP Oil Spill
Posted in Alabama Maritime News,BP British Petroleum,Environment,Florida Maritime News,Gulf Coast,Louisiana Maritime News,Mississippi Maritime News,Texas Maritime News on September 10, 2010
WASHINGTON D.C. – Kenneth Feinberg, Administrator of the $20 billion BP Oil Spill Fund or GCCF (Gulf Coast Claims Facility), announced that he would set aside $60 million for claims by real estate agents and brokers who have lost sales or commissions as a result of the Gulf oil spill. Funds will be avaialable to… read more
BP Bly Investigation Report: How Reliable is it?
Posted in BP British Petroleum,Deepwater Horizon,Environment,Gulf Coast,Louisiana Maritime News,Texas Maritime News,Transocean,World Maritime News on September 8, 2010
The long awaited Bly Investigation Report was released by BP on Wednesday, September 8, 2010. The report was generated by a BP investigative team led by Mark Bly, BP’s head of safety and operations.