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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
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
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