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Chevron Worker Killed in Natural Gas Pipeline Accident Off Louisiana

A Chevron contractor was killed Saturday while performing routine maintenance on a natural gas pipeline off the coast of Louisiana in the Gulf of Mexico, the Wall Street Journal has [...] The post Chevron Worker Killed in Natural Gas Pipeline Accident Off Louisiana appeared first on gCaptain Maritime & Offshore News.

Court Ruling Could Require BP to Pay Billions in Fines for Gulf Oil Spill Restoration

A federal judge ruled last Thursday that BP acted with “gross negligence” in the 2010 Gulf of Mexico oil spill. This decision could result in the company paying an estimated $18 billion in fines. And the vast majority of that money must be spent on restoring the environment and coastal communities devastated by the spill. read more

BP Deepwater Horizon disaster: Researchers continue working to safeguard shoreline

A research team has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon blowout. It's the first time such an estimate was reported.

NJIT researchers working to safeguard the shoreline

An NJIT research team has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon blowout. It's the first time such an estimate was reported, and the study is published in the August...Show More Summary

Video: Shell’s Tension-Leg Platform ‘Auger’, A True Deepwater Pioneer

In 1994, ‘Auger’ became the world’s first tension-leg platform operating for Shell in the deep-water of the U.S. Gulf of Mexico. A deepwater pioneer, it was the first to float [...] The post Video: Shell’s Tension-Leg Platform ‘Auger’, A True Deepwater Pioneer appeared first on gCaptain Maritime & Offshore News.

Technip Awarded Subsea Contract in the Gulf of Mexico

  Technip was awarded by Deep Gulf Energy II LLC a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771,

BP Still Needs To Clean Up Its Reckless Act: Another $18 Billion In Fines On The Horizon

By Don Dion: Four years ago, the world watched in horror as the Deepwater Horizon oil rig exploded killing 11 employees and releasing millions of barrels of petroleum into the Gulf of Mexico. Since then, British Petroleum (NYSE:BP) has paid out over $28 billion in damages and cleanup expenses and agreed to plead guilty on criminal charges. Show More Summary

Selling Puts: Pros and Cons for Dividend Investors

Last week, I sold some puts on British Petroleum (BP), right after the judgment that opened the door for a potential $18 more billion in liabilities stemming from that Gulf of Mexico oil spill from 2010. The stock price sold off sharply on those news, and I decided that this was an opportunity to add to my existing position. Show More Summary

Ocean Roundup: Sea Turtles Released after Swallowing Fish Hooks, UK Builds Massive Salt Marsh to Protect Coastline, and More

A kemp’s ridley (Lepidochelys kempii) sea turtle. (Photo: Terry Ross / Flickr Creative Commons) - Ten sea turtles that were rehabilitated after swallowing fishing hooks in the Gulf of Mexico were released into the wild over the weekend. Show More Summary

BP Oil Spill Penalty Could Reach 15% of Company's Market Cap

The United States District Court for the Eastern District of Louisiana found BP was grossly negligent with regard to the accident and its activities in conjunction with the Macondo well in the Gulf of Mexico. BP said it “strongly disagrees” with the finding and will immediately appeal. read more

BP Faces up to $18 Billion in Fines for Gross Negligence Over Deepwater Horizon

BP was yesterday found guilty of being "grossly negligent" and "reckless" in the 2010 Deepwater Horizon oil rig blowout. The blowout killed 11 workers and caused the massive Gulf of Mexico oil spill that was the worst offshore environmental disaster in U.S.

BP Loses Big in Court, McDonnell's Jurors Say Evidence Was 'Overwhelming,' Questions About de Blasio's Pre-K Program: A.M. Links

last weekNews : Reason

A federal judge determined that BP was mostly responsible for the 2010 oil spill in the Gulf of Mexico. The decision could force BP to pay out $20 billion in new damage claims. Jurors in the corruption trial of former Virginia Gov. Bob McDonnell...Show More Summary

Climate change’s newest threat: The Gulf of Mexico is devouring Southeastern Louisiana

The land is home to half of the country's oil refineries and 2 million people who could soon be dispossessed

BP's 'gross negligence' in Gulf oil spill could cost it another $18 billion

On Thursday, U.S. District Judge Carl Barbier in New Orleans ruled that BP's "gross negligence" and "reckless" and "willful misconduct" was the main culprit behind the massive 2010 oil gusher in the Gulf of Mexico. The ruling openedShow More Summary

BP ruled 'grossly negligent' in Gulf oil spill

BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mexico oil spill. Federal court judge Carl Barbier said that the April 20, 2010...Show More Summary

Timeline: BP Oil Spill Litigation

BP Plc was found "grossly negligent" on Thursday by a federal judge in connection with its role in the 2010 Gulf of Mexico oil spill. The decision by U.

BP 'Grossly Negligent' in 2010 US Spill, Fines Could Be $18b

A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could

Grossly Negligent and Reckless

A judge put the hammer to BP: A federal judge ruled on Thursday that BP was grossly negligent in the 2010 Gulf of Mexico oil well blowout that killed 11 workers, spilled millions of barrels of oil into the Gulf of Mexico and soiled hundreds of miles of beaches. “BP’s conduct was reckless,” United States [Read more...] This space reserved for your ad.

BP Says US Court Yet to Determine Penalty

Oil major BP said on Thursday it will appeal a U.S. court decision that found it grossly negligent with respect to the Gulf of Mexico 2010 oil spill and added the

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