Category: Gulf oil spill

BP withheld data from rig crew in Gulf disaster, expert says

The crew on the rig that exploded in the Gulf of Mexico in 2010 was “trying to get it right,” a Transocean drilling expert testified Monday. But, he added, BP withheld critical information from them.  More »

BP seeks injunction over Gulf oil spill settlement dispute

BP wants an injunction to prevent the administrator handling claims under a class-action settlement reached with victims of the 2010 Gulf of Mexico oil spill from paying inflated or fictitious claims that could cost the British oil giant billions of dollars.  More »

Transocean maintenance showed negligence, engineer says

Transocean Ltd. (RIG)’s internal documents show the company failed to maintain the Deepwater Horizon, avoiding critical repairs and upkeep for years before the drilling rig burned and sank in the Gulf of Mexico in 2010, an engineer testified in the trial over fault for the disaster.  More »

Interior Dept. allows BP to bid on Gulf leases, with conditions

The Interior Department will allow BP to bid in next week’s Gulf of Mexico lease sale, despite its suspension from obtaining new federal contracts.  More »

Plaintiffs’ lawyer resigns amid BP oil spill trial

A Texas lawyer has resigned from the team of plaintiffs’ attorneys who brokered a multibillion-dollar settlement with BP PLC and are facing the company at trial over the massive 2010 oil spill in the Gulf of Mexico.  More »

Halliburton exec testifies at Gulf spill trial

An executive from the company that was BP’s cement contractor on the Deepwater Horizon drilling rig testified Monday that he learned of some “irregularities” in tests that the contractor’s employees performed after the massive 2010 oil spill in the Gulf of Mexico.  More »

BP, Transocean botched safety tests, witness says

The rig’s crew misinterpreted results of negative pressure, an oil drilling expert said.  More »

Ex-BP rig supervisor testifies at Gulf spill trial

A retired BP employee testified he never felt pressure to sacrifice safety to save money.  More »

BP ready to move back to the future, CEO says

BP is keen to resume its role as one of the most intrepid exploration companies in the business, chastened by its past, BP CEO Bob Dudley told a crowded audience of top energy executives and leading minds in a Tuesday morning address at IHS CERA week.  More »

BP faces 2014 trial over investors’ Gulf spill claims

BP Plc will face a jury trial Aug. 25, 2014, in federal court in Houston on investors’ multibillion-dollar allegations that the company hid the true size of the 2010 Gulf of Mexico oil spill to limit the effect on its stock price.  More »

Oil spill judge hears from rig blast survivor

A Transocean employee who survived the Deepwater Horizon rig explosion testified at the Gulf oil spill trial Tuesday that a subordinate killed in the blast was one of the workers who apparently missed signs that BP’s well was about to blow out.  More »

BP executive defends report on Gulf oil spill

The BP executive who led the company’s probe of the Deepwater Horizon rig explosion denied Monday that his investigators narrowly focused on rig workers’ actions to spare onshore engineers and managers from blame for the disaster.  More »

Transocean chief disappointed with Gulf oil spill insurance ruling

Transocean will fight for its fair share of proceeds from insurance policies providing for at least $750 million in coverage amid an appeals court ruling that allows BP to tap into the money to help pay for its liabilities related to the 2010 Gulf of Mexico oil spill.  More »

BP report didn’t mention safety-test talk, witness says

BP Plc’s report about its investigation of an oil spill that fouled the Gulf of Mexico didn’t mention a conversation between two company officials about a key safety test the night of the blast, an executive testified.  More »

BP wins appeal on Gulf oil spill insurance claim

The 5th U.S. Circuit Court of Appeals has reversed a ruling by U.S. District Judge Carl Barbier, the presiding judge in the trial, and said that BP can tap into insurance policies held by rig owner Transocean that provided for at least $750 million in coverage.  More »