Tag: Deepwater Horizon

Q&A: BP America CEO talks oil prices, opportunities

Minge is a former driller who has been with BP for more than three decades, including his most recent stint in Alaska.  More »

Feds boost liability cap for oil spills

Companies are still required to pay the entire costs of cleaning up after offshore spills. And the liability limit on economic damages is waived entirely if gross negligence, willful misconduct or other violations led to a spill.  More »

Feds blast BP’s request to cut billions in spill fines

The outcome of this latest legal tussle between the British oil giant and federal prosecutors could mean a difference of $11 billion on BP’s final bill for spilling millions of barrels of oil into the ocean four years ago.  More »

Ex-BP executive fighting Gulf oil spill charges

Among the defense arguments are: one count is unconstitutionally vague; the congressional subcommittee investigation that Rainey is accused of obstructing had not been properly authorized; and one of the charges takes Rainey’s statements about the flow rate from the well out of context.  More »

BP, audit spell out documentation issues at spill claims office

A report from an independent accounting firm could give BP more ammunition for its long legal fight over its massive oil spill settlement.  More »

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »

Judge approves $5.15 billion Anadarko environmental settlement

The settlement is the largest environmental enforcement payment in U.S. history.  More »

Court reaffirms BP is liable in Gulf oil spill

BP is facing $18 billion in penalties stemming from the 2010 oil spill.  More »

Commentary: Is the Deepwater Horizon movie a good idea?

The movie based on the BP Deepwater Horizon oil disaster starring Mark Wahlberg is set for release Sept. 30, 2016.  More »

Researchers find oil footprint from 2010 Gulf oil spill

New research is shedding more light on the fate of the crude that gushed out of BP’s failed Macondo well in 2010.  More »

Supreme Court denies Louisiana lawsuits against BP

The Supreme Court rejected an appeal Monday from 11 Louisiana parishes that wanted to revive their lawsuits over wildlife damage from the BP oil spill in the Gulf of Mexico in 2010.  More »

BP swipe at “reckless” ruling hinges on challenge to Halliburton expert

BP’s attempt to unravel a verdict that its recklessness caused the Deepwater Horizon oil spill hinges on its legal and scientific challenge to the testimony of one expert and its bid to cast more blame for the disaster on cement contractor Halliburton.  More »

BP won’t get restitution for spill settlement payments, U.S. Judge Barbier says

The judge said Wednesday that hundreds of millions in settlement payments over the spill will not go back to BP, despite the court’s recalculation of how much some businesses should receive.  More »

BP says judge’s fact findings should limit its spill liability

BP is arguing in court that certain findings in a federal judge’s recent ruling actually work in its favor.  More »

BP asks Texas Supreme Court for ruling that would cut spill costs

The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.  More »
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