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Posts Tagged ‘BP’

Yikes, BP terminates contracts offshore rigs

Yikes, BP terminates contracts offshore rigs

Coming the heels of City COO Tamara Fountain' announcement that DeepFlex has suspended construction at its facility at the Port of Pensacola. Reuters reports BP terminated contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the British oil company slashes its exploration budget [...]

BP spin machine called out

BP spin machine called out

In a news statement released yesterday, BP claims that the “…Gulf environment (is) returning to pre-spill conditions” although the Deepwater Horizon oil spill Natural Resource Damage Assessment Trustees (NRDA Trustees) are still assessing the injury resulting from the largest offshore oil [...]

BP drops attempt to fire claim administrator

BP drops attempt to fire claim administrator

NOLA.com is reporting that BP said today that it will drop its bid to oust oil spill claims administrator Patrick Juneau "in recognition of improvement to counter fraud" within its multibillion-dollar settlement over the 2010 Gulf of Mexico oil spill.. For months, the British oil giant has [...]

Ohio sues BP for $33.3 million

Ohio sues BP for $33.3 million

Ohio State Attorney General Mike DeWine and the Ohio Petroleum Underground Storage Tank Release Compensation Board file a lawsuit on March 2 against BP - claiming the oil giant "double dipped" when it replaced the underground fuel tanks at its service stations around the state. BP allegedly [...]

Supreme Court rejects BP appeal

Supreme Court rejects BP appeal

Reuters reports that the U.S. Supreme Court today rejected BP's challenge to its multibillion-dollar settlement agreement over the 2010 Gulf of Mexico oil spill. The oil giant had complained the agreement allowed payouts to some businesses that are unable to trace their losses to the [...]

BP seeks reduction in oil spill fines #nosurprise

BP seeks reduction in oil spill fines   #nosurprise

BP asked Federal Judge Carl Barbier on Friday to cap its potential oil-spill pollution fines at a maximum of $12.3 billion. Prosecutors have said BP could owe up to $18 billion per EPA rules that trigger fines up to $4,300 per barrel for the Deepwater Horizon disaster. The Coast Guard has set [...]

Court rules BP still liable for damages

Court rules BP still liable for damages

The three-judge panel of the 5th U.S. Circuit Court of Appeals rejected arguments made by BP that there were errors in the June 4 ruling by U.S. District Judge Carl Barbier on BP's Clean Water Act liability. The oil giant is still liable for federal Clean Water Act damages stemming from the 2010 [...]

BP announces big discovery in Gulf

BP announces big discovery in Gulf

BP announced yesterday an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox [...]

Here we go again: BP asks judge to reconsider ruling

Here we go again: BP asks judge to reconsider ruling

Yesterday BP was back in federal court asking that it reconsider the September ruling of Judge Carl Barbier that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico. At stake are about $18 million in fines. The motion filed in Louisiana contends the ruling was [...]

BP can not force settlement dollars be returned

BP can not force settlement dollars be returned

U.S. District Judge Carl Barbier ruled on Wednesday the Gulf Coast businesses won't have to payback the claims BP paid them as the result of the 2010 Deepwater Horizon oil spill. BP argued that a flawed funding formula enabled businesses to collect on what its attorneys described as [...]

BP is not happy

BP is not happy

From its website: BP strongly disagrees with the decision issued today by the United States District Court for the Eastern District of Louisiana and will immediately appeal to the United States Court of Appeals for the Fifth Circuit. BP believes that the finding that it was grossly [...]

Findings of Fact and Conclusion of Law in BP trial

Findings of Fact and Conclusion of Law in BP trial

Here is the summary of U.S. District Judge Carl Barbier's conclusions (a link to the full document is below) The Court’s conclusions relative to the Phase One trial are summarized below: 611. BP Exploration & Production, Inc. (“BPXP”) is subject to enhanced civil penalties under [...]

Judge rules BP acted with gross negligence in 2010 oil disaster

Judge rules BP acted with gross negligence in 2010 oil disaster

Bloomberg is reporting that U.S. District Judge Carl Barbier had ruled that BP acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, writing his opinion, “BP’s conduct was reckless,\.” Barbier apportioned fault of the disaster at 67 percent for BP, 30 [...]

BP petitions SCOTUS

BP petitions SCOTUS

British oil giant, BP, petitioned on Friday the U.S. Supreme Court to intervene in its battle over claim payments resulting from the 2010 Deepwater Horizon explosion in the Gulf of Mexico. BP asked the high court to enforce requirements for claimants to prove that they were directly harmed by [...]

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