Category: Gulf oil spill

Gulf oil spill settlement payment offers reach nearly $4B

As BP awaits an appeals court ruling over its challenge to how its Gulf oil spill class-action settlement is being handled, the administrator overseeing the program has offered another $400 million in payments to claimants in the last month alone, putting the total to date at nearly $4 billion.  More »

Commissioners Court declines request to sue BP

Harris County Commissioners Court on Tuesday refused to approve a request from County Attorney Vince Ryan to sue BP for an estimated $1.6 million in connection with the 2010 oil spill caused by the explosion of the company’s Deepwater Horizon rig in the Gulf of Mexico.  More »

Study urges spending on coastal restoration

Wildlife tourism, from hunting and fishing to bird and dolphin watching, is a $19 billion-a-year business along the Gulf of Mexico, and states spending their settlement money from the 2010 BP oil spill should focus on restoring ecologically sensitive areas that keep guides, hotels and others working, a study says.  More »

Judges skeptical of BP argument in fight over oil spill claims

NEW ORLEANS — BP’s argument that businesses are getting an unfair windfall from its class-action Gulf oil spill settlement was met with skepticism Monday by a federal appeals court panel.  More »

BP asks court to end ‘feeding frenzy’ in Gulf oil spill settlement

BP’s class-action settlement in the Gulf oil spill case didn’t require businesses to prove their losses were caused by the disaster. Now the British oil giant says the open-ended set-up has spiraled into a “feeding frenzy.”  More »

Commentary: Regulations for the oil & gas industry are a good thing

If we attempt to run roughshod over a region in ways that benefit us solely and say “well, we know better, please keep away and let us do our work”, then eventually that social license to operate WILL be revoked and WE will be the ones told to keep away.  More »

Judge delays trial in former BP exec’s Gulf oil spill criminal case

A judge agreed to delay the trial of former BP exec David Rainey after a request from lawyers for both sides.  More »

Former FBI director to probe Gulf spill claims administrator’s office

Former FBI Director Louis Freeh will investigate whether there have been ethical violations or other misconduct committed by staff for the claims administrator who is paying out money from BP’s Gulf oil spill victims’ settlement.  More »

Unsealed BP report could slash Gulf oil spill penalties by billions

A London petroleum engineering professor hired by BP claims the U.S. government overestimated by 50 percent the amount of oil that spewed from the company’s undersea Gulf of Mexico well in 2010. The finding could cut the maximum Clean Water Act penalties BP faces by up to $7 billion.  More »

BP warns some Gulf oil spill claimants may have to give money back

BP is sending hundreds of letters this week to lawyers representing claimants whom BP believes received excessive business economic loss payments. The steering committee that negotiated the settlement with BP called the letters a “hollow intimidation tactic.”  More »

Plaintiffs ask judge to impose punitive damages over spill

Plaintiffs claiming harm from the 2010 Gulf of Mexico oil spill pressed a judge Friday to hammer BP, Transocean and Halliburton with punitive damages, insisting that overwhelming evidence shows the companies willfully disregarded the environment and worker safety.  More »

Judge won’t reconsider dismissed charge against ex-BP executive

A federal judge has rejected a U.S. government request for him to reconsider his prior ruling throwing out an obstruction of Congress charge against a former BP executive in connection with the investigation of the 2010 Gulf of Mexico oil spill.  More »
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