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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. 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
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
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.