Tag: Macondo

Feds unveil plan for keeping offshore oil wells in check five years after Gulf spill

The measure codifies many of the steps that companies have already taken to better keep offshore wells in check, including more rigorous maintenance and testing of the blowout preventers that act as a last line of defense against uncontrolled surges of oil and gas.  More »

Five years after Gulf disaster, feds ready new well control and blowout preventer mandates

The Obama administration is poised to lay out new requirements for controlling offshore wells, nearly five years after the Gulf of Mexico oil spill vividly illustrated the damage that can be unleashed when they are not kept in check.  More »

Anadarko oil spill fines cut by $1.1 billion after ruling

The Woodlands-based oil company had owned 25 percent of the doomed Macondo well and is on the hook for up to $1,100 in fines for every barrel that reached the Gulf of Mexico in 2010.  More »

U.S. judge: BP’s lies about flow rate didn’t hinder Gulf oil spill response

“There is no dispute that BP lied,” about how much oil flowed from the Macondo well during the 2010 Gulf of Mexico oil spill, U.S. District Judge Carl Barbier said, but that didn’t factor in to the effort to stop the blowout.  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 »

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 »

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 »

Botched safety test, extra drilling key to “reckless” BP ruling

A federal judge’s ruling that BP was reckless in the lead up to the Gulf of Mexico oil spill hinged on the company’s decisions to drill deeper than was deemed safe and skip or misread well integrity tests, among other factors “motivated by profit.”  More »

Commentary: Mark Wahlberg and Deepwater Horizon? I’m skeptical but cautiously optimistic

I’ve written in the past about my skepticism when it comes to Hollywood depicting the oil & gas industry, and unfortunately I don’t see much reason or incentive for this film to take a different course.  More »

Date set for BP investors’ trial over spill losses

BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today.  More »

Investigators release new findings on cause of BP oil spill

Federal investigators shed new light Thursday on why a key safety device failed to stop a blowout at BP’s Macondo well, which triggered the worst offshore oil spill in U.S. history four years ago.  More »

Industry takes the lead in improving emergency well control devices

Four years after the Deepwater Horizon disaster spotlighted shortcomings in the blowout preventers intended to safeguard offshore wells, government regulators are still drafting long-promised regulations meant to boost the reliability of those critical emergency devices.  More »

Gulf researchers spot deep-sea creatures living near spill site

Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill.  More »

BP says oil spill cleanup on the Gulf shoreline is complete

BP says it has completed operations to cleanse Gulf of Mexico shorelines of oil that spilled after Deepwater Horizon disaster in 2013.  More »
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