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The administrator of the fund BP set up to compensate victims of last year’s oil spill in the Gulf of Mexico says the fund has paid more than $5 billion in claims.
A Massachusetts Institute of Technology computer model successfully replicated the pipe fractures that doomed the Deepwater Horizon rig, and the model could help predict future offshore accidents from happening.
Brazilian regulators are forcing state-controlled Petroleo Brasileiro SA to shut production equipment more frequently for maintenance after BP Plc’s Gulf of Mexico oil spill, the company’s chief financial officer said.
A Houma man has been sentenced to one year in prison for fraudulently receiving money from the $20 billion claims fund that BP PLC established after the Gulf of Mexico oil spill.
The crew of the Deepwater Horizon drilling rig failed to react to “multiple indications” of problems with BP’s Macondo well before it blew out, but divergence from industry standards and plans approved by regulators also played a role in the accident, according to a new investigation report.
BP Plc spill-claims fund administrator Kenneth Feinberg doesn’t need court supervision to ensure victims of the worst offshore spill in U.S. history are compensated fairly and quickly, his lawyer said.
A federal judge today outlined his plan for conducting a trial designed to assign percentages of fault to the companies sued over last year’s deadly Deepwater Horizon rig explosion and Gulf oil spill.
Dark-amber mats of oil as big as a large man’s foot sit on the sand 10 feet from the water, and farther inland along the beaches of Horn Island’s west end.
Another deep-water drilling rig is leaving the Gulf of Mexico amid a continued slowdown in activity in the U.S. offshore basin following the BP oil spill last year.
The permit is for a new well at Shell’s Europa field, located 140 miles southeast of New Orleans in nearly 4,000 feet of water. Production from the field will be tied back to Shell’s existing Mars offshore platform.