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Obama Reverses Oil Drilling Expansion After Deepwater Horizon Oil Spill
Posted in Alabama Maritime News,BP British Petroleum,Deepwater Horizon,Environment,Florida Maritime News,Government,Gulf Coast,Louisiana Maritime News,Maritime Law,Mississippi Maritime News,World Maritime News on December 3, 2010
The Interior Department said it is reversing the plan laid out last March to drill for oil off the East Coast and in the eastern Gulf of Mexico. The Obama administration unveiled the plan before the BP oil spill. The new plan means no new drilling proposals off of the East Coast for at least… read more
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
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
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
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
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