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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
Government Report on Fate of Oil Released After Deepwater Horizon Explosion
Posted in Alabama Maritime News,Deepwater Horizon,Environment,Florida Maritime News,Government,Gulf Coast,Louisiana Maritime News,Texas Maritime News,World Maritime News on October 20, 2010
It’s been six months since the Deepwater Horizon explosion occurred on April 20, which killed 11 oil rig workers and devastated the Gulf Coast ecosystem and economy with an unprecedented oil spill making it the largest man made disaster in the history of the United States The leak at the Macondo well was finally capped… 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
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