Deepwater Horizon

BP settlement money flows to cities hundreds of miles from Gulf Coast shoreline

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This week, BP finished making approximately $687.4 million in settlement payments to 383 local government entities in the five Gulf states. Nearly $8 million of that money went to 32 government entities that are more than 100 miles from the coast, in places like the Mississippi Delta and suburbs of central Alabama, the records show.
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

November retrial date expected for former BP engineer

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Federal prosecutors say Kurt Mix deleted text messages about the amount of oil flowing from BP’s well after a 2010 rig explosion
Categories: Gulf oil spill
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

Judge: Local governments, including Houston, will get their BP payments soon

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A federal judge said this week BP has until late August to start processing payments totaling $1 billion to the 400 local governments along the Gulf Coast that were part of the British oil major’s $18.7 billion Deepwater Horizon oil spill settlement inked earlier this month.
Deepwater Horizon

Judge: BP payouts to local entities to start soon for spill

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An order issued Monday by U.S. District Judge Carl Barbier says all of the payments to local governments must be made within 30 days.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules CEO: Downturn among the worst in offshore services history

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Offshore services companies are muddling through one of the worst the downturns in the industry’s history with too many rigs chasing too little work, a trend that seems unlikely to reverse itself anytime soon, Hercules Offshore’s CEO and President John T. Rynd said in a call with investors Thursday.
At the GE Oil & Gas  manufacturing site in North Houston on June 30, 2014, an annular blowout preventer, designed to seal the area around a drill pipe, sits atop a blowout preventer stack that also includes ram blowout preventers designed to drive blades through the pipe itself.  (Eric Kayne/For the Chronicle)

GE shows off drone footage of Houston BOP factory

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The company kicked off the campaign in Houston, at its factory near George Bush Intercontinental Airport where it manufacturers blowout preventers, the three-story tall pieces of equipment that act as the final barrier to ruptured offshore oil wells.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

New Orleans accepts $45 million from BP in oil spill settlement

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Mayor Mitch Landrieu’s office announced in a news release Thursday the money will be used for “resilience initiatives, including water management and coastal and ecosystem restoration.”
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Texas to get $750 million from BP oil spill settlement

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Texas Gov. Greg Abbott said in the statement that the sum would allow Texas “to reinvest in the Gulf community and reinvigorate the economic and environmental health of the region.”
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has struck a deal to settle all federal, state and local claims against it for its role in the Deepwater Horizon oil spill for $18.7 billion. It would pay out that sum over 18 years, BP said Thursday.
(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.