The bad news for British Petroleum (BP) just keeps on coming. Remember that $20 billion the company set aside for claims arising out of the massive Deepwater Horizon oil spill? They only have $1.7 billion unassigned after Business Economic Losses claims were higher than expected, reports Reuters. Nearly two billion?......
Ash is doing better about reducing the length of his titles: Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior: Evidence from a Natural Experiment O. Ashton Morgan, John C. Whitehead, William L. Huth, Gregory S. Martin and Richard Sjolander No 13-11, Working Papers from Department...
ByHarold Sultan: BP's Deepwater Horizon Oil Spill is "considered the largest accidental marine oil spill in the history of the petroleum industry." The thing is, Mr. Market is not a history major and doesn't reward brownie points for jeopardy factoids. Show More Summary
Florida Attorney General Pam Bondi has disclosed that she's seeking more than $5.4 billion in damages from BP over the 2010 Deepwater Horizon oil spill. Bondi told reporters on Tuesday that she offered...
On the third anniversary of the BP oil spill in the Gulf Coast the state of Florida has filed a lawsuit against the oil company and cement contractor Halliburton. The Deepwater Horizon oil spill infected a 1,100 mile swath of area along beaches and marshlands. The spill according to Florida officials led to a massive [...]Show More Summary
So, three years after the BP Gulf oil catastrophe, what has changed? Are government and industry leaders taking steps to reduce the risk of another destructive spill or blowout? The answers are decidedly mixed.
TALLAHASSEE, Fla. — The state of Florida filed a lawsuit Saturday against oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth state to seek damages for the 2010 disaster. The suit, among other things, faults BP for not changing the batteries on the rig’s blowout preventer. Show More Summary
By Shiva Polefka Today, Saturday, April 20th, marks the third anniversary of the explosion aboard BP’s Deepwater Horizon oil rig that killed 11 workers and set off the largest accidental spill in the oil industry’s history. The ruptured Macondo well spewed nearly 5 million barrels of crude oil over the course of the summer, ultimately [...]
By Margaret Cronin Fisk April 19 (Bloomberg) — BP Plc faces the third anniversary of the 2010 oil spill in the Gulf of Mexico tomorrow with no sure knowledge of how much more [...]
O'Brien's has had its hands in the botched clean-up efforts of almost every high-profile oil spill disaster in recent U.S. history, including the Exxon Valdez spill, the BP Deepwater Horizon spill, the Enbridge tar sands pipeline spill into the Kalamazoo River, and Hurricane Sandy.
It turned out the Gulf was filled with bacteria that loved to chow down on exactly what was spilling out of BP’s destroyed oil well. How fortuitous! But hoping that hungry bacteria will help in the next oil spill is dangerous thinking. Show More Summary
Jesse Gagliano began testifying Tuesday about his work for BP's cement contractor on the Deepwater Horizon.
NEW ORLEANS (Reuters) - The Transocean Ltd officer in charge of safety on the Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst U.S. offshore oil spill, said the post-blowout fire was too big to fight and that evacua...
ByJody Kohut: I recently saw a headline regarding the Deepwater Horizon Disaster and the lingering consequences of it. I remember this spill quite well, and as I have a long history working in the oil and gas industry, I tend to follow some oil and gas stocks and invest in a few of them. Show More Summary
By PowerOptions: BP (BP) has been through quite a storm over the last few years with the Deepwater Horizon oil spill and the recent attack on the Amenas natural gas facility in Algeria. And, the company may be facing larger costs for resolving the Deepwater Horizon catastrophe than it previously planned per a March 5 ruling in a New Orleans court. Show More Summary
While the legal profession clearly is not recession-proof, the Deepwater Horizon oil spill litigation has kept lawyers busy. Lawyers are arguing civil liability, criminal liability, continuances, deposition appearances. The list just keeps going. Last week, at least one of the many questions in the BP litigation was resolved. The Fifth......
NEW ORLEANS (AP) — The BP executive who led the company's probe of the Deepwater Horizon rig explosion is defending the contents of his team's report on the disaster during the fourth day of testimony in a trial over the 2010 oil spill in the Gulf of Mexico.
This week marked the start of the the civil trial against BP over its role in the 2010 explosion at the Deepwater Horizon oil rig that killed 11 men and caused the worst spill in US history. District judge Carl Barbier warned of a lengthy...Show More Summary
Transocean LTD (NYSE:RIG) will be coming out with their earnings report next week. Unfortunately for the company, the Deepwater Horizon oil spill that occurred in the Gulf of Mexico in 2010, which also happens to be the petroleum industry’s largest “accidental” marine oil spill in history, is in the forefront again. A new trial has [...]
Almost three years ago BP’s Deepwater Horizon spill occurred. Eleven people died. The explosion led to what became the largest oil spill in U.S. history. The civil trial began yesterday in New Orleans, with eleven teams of lawyers participating. They day before, reports say, the U.S. Justice Department and BP were still trying to find [...]