Latest Deepwater Horizon Headlines
BP Draws Line under Deepwater Horizon Liabilities
Tuesday, July 26, 2016 -
BP draws a line under its Deepwater Horizon liabilities, with a final estimate of $61.6 billion, as the firm targets growth with a new wave of upstream major project start-ups.
Transocean Defeats US Shareholder Appeal Over Gulf Spill
Thursday, March 17, 2016 -
Transocean won the dismissal of an appeal by shareholders accusing the owner of the Deepwater Horizon drilling rig of deceiving them about its safety practices prior to the 2010 Gulf of Mexico oil spill.
BP Well-Site Managers' Spill Manslaughter Case Dropped
Wednesday, December 2, 2015 -
Federal prosecutors dropped manslaughter charges against BP's two top employees on the oil rig that blew up in 2010.
Anadarko Ordered To Pay $159.5M Fine For 2010 Gulf Spill
Tuesday, December 1, 2015 -
A federal judge ordered Anadarko to pay a $159.5 million civil fine reflecting its stake in the 2010 blowout.
US Says BP To Pay $20B In Fines For 2010 Oil Spill
Monday, October 5, 2015 -
BP will pay more than $20 billion in fines to resolve nearly all claims from its Gulf of Mexico oil spill 5 years ago.
Deepwater Horizon Overview
At approximately 10 p.m. on April 20, 2010, an explosion rocked Transocean's Deepwater Horizon drilling rig resulting in the loss of 11 crew members and the sinking of the rig on April 22. The Macondo well, which the rig had recently completed drilling, was open and flowing an estimated 5,000 bopd into the surrounding waters. BP and the USCG coordinated on efforts to stop the oil flows and contain the resulting spill.
Tuesday, July 26, 2016
BP Draws Line under Deepwater Horizon Liabilities
Tuesday, July 26, 2016 BP draws a line under its Deepwater Horizon liabilities, with a final estimate of $61.6 billion, as the firm targets growth with a new wave of upstream major project start-ups.
Thursday, March 17, 2016
Transocean Defeats US Shareholder Appeal Over Gulf Spill
Thursday, March 17, 2016 Transocean won the dismissal of an appeal by shareholders accusing the owner of the Deepwater Horizon drilling rig of deceiving them about its safety practices prior to the 2010 Gulf of Mexico oil spill.
Wednesday, December 2, 2015
BP Well-Site Managers' Spill Manslaughter Case Dropped
Wednesday, December 2, 2015 Federal prosecutors dropped manslaughter charges against BP's two top employees on the oil rig that blew up in 2010.
Tuesday, December 1, 2015
Anadarko Ordered To Pay $159.5M Fine For 2010 Gulf Spill
Tuesday, December 1, 2015 A federal judge ordered Anadarko to pay a $159.5 million civil fine reflecting its stake in the 2010 blowout.
Monday, October 5, 2015
US Says BP To Pay $20B In Fines For 2010 Oil Spill
Monday, October 5, 2015 BP will pay more than $20 billion in fines to resolve nearly all claims from its Gulf of Mexico oil spill 5 years ago.
Tuesday, July 28, 2015
BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.
Thursday, July 2, 2015
BP Reaches $18.7 Billion Settlement Over Deadly 2010 Spill
Thursday, July 2, 2015 BP will pay a record $18.7 billion in penalties to the US government and 5 states along the Gulf of Mexico related to the 2010 oil spill.
Tuesday, June 30, 2015
US Appeals Court: Ex-BP Engineer Deserves New Gulf Spill Trial
Tuesday, June 30, 2015 A former BP engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled.
Monday, June 29, 2015
BP, Anadarko Rejected by Top US Court on Gulf Spill Fines
Monday, June 29, 2015 The US Supreme Court rejected appeals from BP and Anadarko and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
Friday, June 5, 2015
Ex-BP Executive Acquitted of Lying About Size of 2010 Spill
Friday, June 5, 2015 The highest-ranking BP Plc executive charged in the 2010 Gulf of Mexico oil spill is found not guilty of lying to investigators in a blow to prosecutors as the company awaits word on billions of dollars in potential fines for the disaster.
Wednesday, May 20, 2015
BP Settles Oil Spill-Related Claims With Halliburton, Transocean
Wednesday, May 20, 2015 BP has settled with Halliburton and Transocean cross claims related to the 2010 Gulf of Mexico oil spill.
Monday, March 16, 2015
BP: U.S. Gulf Returning to Pre-Spill Condition
Monday, March 16, 2015 A report by BP finds that the Gulf of Mexico environment is returning to its baseline condition following the 2010 Deepwater Horizon oil spill.
Friday, February 20, 2015
BP Loses Bid to Cut Maximum $13.7B Gulf Spill Fine
Friday, February 20, 2015 US judge rejects BP's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill.
Monday, January 26, 2015
US Supreme Court Rejects BP Executive's Appeal
Monday, January 26, 2015 The US Supreme Court declines to hear an appeal by a former BP executive.
Tuesday, January 20, 2015
BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.
Monday, December 8, 2014
US Supreme Court Rejects BP Challenge To Gulf Spill Settlement
Monday, December 8, 2014 The US Supreme Court rejects BP's challenge to its multibillion-dollar settlement agreement over the 2010 Gulf of Mexico oil spill.
Monday, November 10, 2014
U.S. Judge Rejects BP Bid to Oust Gulf Spill Claims Chief
Monday, November 10, 2014 BP fails to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill.
Wednesday, September 24, 2014
US Judge Rejects BP Bid To Recoup Some Payments Made For Spill
Wednesday, September 24, 2014 BP cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, a US judge rules.
Monday, September 8, 2014
UK Government Lends Hand to BP in US Gulf Oil Spill Rulings
Monday, September 8, 2014 The UK government urges the US Supreme Court to review rulings against BP over the 2010 Gulf of Mexico oil spill.
Friday, September 5, 2014
New Fines May Prompt BP To Cut Back In Russia, Elsewhere
Friday, September 5, 2014 The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could see BP sell off some of its Russian interests.
Transocean Welcomes Court Ruling on 2010 US Oil Spill
Friday, September 5, 2014 Transocean says a US court ruling eliminates its financial risk for the underwater portion of a 2010 oil spill in the Gulf of Mexico after the judge found BP grossly negligent.
Thursday, September 4, 2014
US Court Says BP 'Grossly Negligent' In 2010 Spill, Billions In Fines Loom
Thursday, September 4, 2014 BP was "grossly negligent" for its role in the 2010 spill in the Gulf of Mexico, a US district judge says.
Tuesday, September 2, 2014
Halliburton To Settle US Gulf Spill Claims For $1.1B
Tuesday, September 2, 2014 Halliburton says it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.
Wednesday, July 30, 2014
IWCF Launches Online Well Life Cycle Course
Wednesday, July 30, 2014 The International Well Control Forum is urging the oil and gas industry to improve sector workers' basic knowledge of well control as it launches an online course.
Tuesday, July 15, 2014
US Court Revives BP Retirement-Plan Suit Filed After Oil Spill
Tuesday, July 15, 2014 A US appeals court revives a lawsuit in which participants in BP retirement savings plans alleged they were deceived into buying and holding stock before and after the 2010 Deepwater Horizon incident.
Monday, June 9, 2014
US Top Court Declines To Block BP Spill Payments
Monday, June 9, 2014 The US Supreme Court declines to block payments BP is required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill as the company fights a lower court ruling.
Wednesday, May 21, 2014
BP To Appeal Gulf Oil Spill Damages Ruling To US Supreme Court
Wednesday, May 21, 2014 BP says it will ask the US Supreme Court to review whether it must pay some businesses for economic damages without proof that the spill caused such losses.
Tuesday, May 20, 2014
US Appeals Court Rejects BP Bid To Undo Ruling In Oil Spill Case
Tuesday, May 20, 2014 A US appeals court will not revisit a decision to reject BP's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill.
Thursday, April 17, 2014
Ex-BP Employee Settles SEC Insider-Trading Oil Spill Case
Thursday, April 17, 2014 A former 20-year veteran of BP who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges.
Thursday, March 13, 2014
EPA Lifts BP Suspension, Debarment from Federal Contracts
Thursday, March 13, 2014 EPA lifts its suspension against BP that kept the company from entering contracts with the federal government following BP’s guilty plea in the U.S. government’s Deepwater Horizon case.
Tuesday, March 4, 2014
BP Questions US Court's Decision on Oil Spill Payments
Tuesday, March 4, 2014 BP disputes decision made in a US appeal court to reject the company's move to halt payments under 2012's Economic and Property Damages Settlement relating to the Macondo oil spill.
Tuesday, January 28, 2014
Ex-BP Well Managers Must Face Gulf Spill Criminal Charges
Tuesday, January 28, 2014 Two former BP well site managers have failed to win the dismissal of involuntary manslaughter charges over their roles in the 2010 Gulf of Mexico spill.
Tuesday, January 21, 2014
Halliburton Manager Gets Probation In Gulf Spill
Tuesday, January 21, 2014 A former Halliburton manager apologized to his family and friends before a US judge sentenced him to one year of probation for destroying evidence in the aftermath of BP's 2010 GOM oil spill.
Wednesday, December 18, 2013
Ex-BP Engineer Found Guilty In Gulf Of Mexico Spill Case
Wednesday, December 18, 2013 An ex-BP engineer charged in connection with the 2010 BP oil well blowout in the Gulf of Mexico has been found guilty of one count of obstructing justice by a federal jury.
Monday, December 16, 2013
US High Court Rejects Oil Spill Contempt Case
Monday, December 16, 2013 The US Interior Department will not be held in contempt over its actions in the aftermath of the 2010 GOM oil spill after the Supreme Court declined to review an appeals court ruling.
Friday, December 13, 2013
BP Still Paying For Deepwater Horizon Blowout
Friday, December 13, 2013 The blowout of the Deepwater Horizon was a great tragedy in many ways. But what has happened to BP, the company that was the operator of the well, is a tragedy, too.
Wednesday, December 11, 2013
Ex-BP Supervisors Win Dismissal of Some Manslaughter Charges
Wednesday, December 11, 2013 Two former BP supervisors win the dismissal of some of the manslaughter charges facing them over the Gulf of Mexico drilling rig explosion that killed 11 people in 2010.
Tuesday, December 3, 2013
UK, Trade Groups Tell US Court Ban Against BP Unfair
Tuesday, December 3, 2013 The US Environmental Protection Agency may have been too harsh when it banned BP from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups say.
BP Wins US Appeals Court Reprieve Over Some Gulf Spill Payments
Tuesday, December 3, 2013 BP wins a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs.
Monday, December 2, 2013
Ex-BP Engineer Who Deleted Texts Heads To Trial
Monday, December 2, 2013 Kurt Mix, who was a drilling engineer for BP, possibly faces a prison sentence if convicted of deliberately deleting text messages and voicemails about BP's response to the 2010 Macondo incident.
Tuesday, October 15, 2013
Ex-Halliburton Manager Pleads Guilty
Tuesday, October 15, 2013 A former Halliburton manager pleads guilty to destroying evidence in the aftermath of the rig explosion that spawned BP's 2010 oil spill in the Gulf of Mexico.
Monday, October 7, 2013
Judge Hears Conflicting Estimates of BP Oil Spill
Monday, October 7, 2013 Determining how much oil spilled is a multibillion-dollar question for US District Judge Carl Barbier, who is presiding over the trial involving the 2010 oil spill in the Gulf of Mexico.
Monday, September 30, 2013
US Trial Over Gulf Oil Spill Resumes
Monday, September 30, 2013 The federal trial over the 2010 BP oil spill resumes with a focus on the company's response to the disaster and how much oil spewed into the Gulf of Mexico.
Tuesday, September 24, 2013
IWCF Shakes Up Training Regime in Response to Macondo
Tuesday, September 24, 2013 The International Well Control Forum unveils a new training regime designed to help prevent well control incidents.
Friday, September 20, 2013
BP Files Suit over Louisiana DNR Order
Friday, September 20, 2013 BP files a lawsuit against the Louisiana Department of Natural Resources over an order to remove anchors placed following the Deepwater Horizon incident.
Thursday, September 19, 2013
US Judge Accepts Guilty Plea from Halliburton
Thursday, September 19, 2013 A former Halliburton manager was charged with destroying evidence following BP's 2010 oil spill in the Gulf of Mexico, a case that coincides with a guilty plea to a related charge by the Houston-based oilfield services company.
Friday, September 13, 2013
BP Drills at 'Giant' Gulf Field after Setback Due to Spill
Friday, September 13, 2013 BP begins appraisal drilling in its highly touted Tiber oil prospect in the Gulf of Mexico, the company says, more than three years after its massive Macondo blowout.
Friday, August 23, 2013
BP Spill Claims Deadline May Slip by Year or More
Friday, August 23, 2013 BP's April 2014 deadline for compensation claims over the Deepwater Horizon oil spill could be extended into 2015.
Tuesday, August 13, 2013
BP Sues Uncle Sam over EPA Suspension on New Federal Contracts
Tuesday, August 13, 2013 BP sues the EPA for barring it from new federal contracts.
Tuesday, July 30, 2013
BP Allocates Extra $1.4B for Deepwater Horizon Compensation
Tuesday, July 30, 2013 BP is forced to allocate an additional $1.4 billion for the compensation bill connected to the Deepwater Horizon oil spill as the original $20 billion fund is down to its last $300 million.
Thursday, July 25, 2013
Halliburton Pleads Guilty to Destroying Gulf Spill Evidence
Thursday, July 25, 2013 Halliburton agrees to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the US Department of Justice says.
Tuesday, July 16, 2013
Plaintiffs Sue Anadarko, Seeking Billions of Lost Share Value
Tuesday, July 16, 2013 Investors claim Anadarko wasn't a passive partner in the Macondo well that resulted in the largest US oil spill.
Wednesday, July 10, 2013
Ecosystems Service Approach Offers 'Holistic' View of Deepwater Horizon
Wednesday, July 10, 2013 A new report highlights how an ecosystem services approach could provide a more holistic view of the impacts and restoration of a major oil spill.
Monday, July 8, 2013
BP Appeals Deepwater Horizon Payouts
Monday, July 8, 2013 BP tries again to get payouts from the halted Deepwater Horizon fund, claiming that the terms of its 2012 settlement over compensation are being misinterpreted.
Wednesday, June 26, 2013
BP Writes to Claimants' Lawyers Over US Oil Spill Payouts
Wednesday, June 26, 2013 BP has written to lawyers of claimants arising from the Deepwater Horizon oil spill, warning them that BP could seek to recover some of the payments if they prevail in a legal appeal, a spokesman says.
Monday, June 10, 2013
US Coast Guard Ends Active Deepwater Horizon Accident Cleanup
Monday, June 10, 2013 Following the extensive 3-year cleanup effort, the US Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida.
Tuesday, May 21, 2013
Texas Sues Companies Connected to Macondo Oil Spill
Tuesday, May 21, 2013 The state has accused companies involved with the oil spill of violating environmental laws and is seeking damages for lost revenue.
US Judge Dismisses Obstruction Charge Against Former BP Executive
Tuesday, May 21, 2013 A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.
Tuesday, May 7, 2013
BSEE, Noble Energy, HWCG Complete Containment Exercise Successfully
Tuesday, May 7, 2013 BSEE, Noble Energy and HWCG announce the successful completion of a full-scale deployment of critical well control equipment to assess Noble's ability to respond to a potential subsea blowout in the deepwater Gulf of Mexico.
Wednesday, May 1, 2013
BP Confirms Mexican Lawsuit over Deepwater Horizon
Wednesday, May 1, 2013 BP confirms the Mexican government as a plaintiff as it receives more than 2,200 additional civil lawsuits over the Deepwater Horizon disaster.
Friday, April 26, 2013
New York City Pension Funds Sue BP for Investment Losses
Friday, April 26, 2013 New York City's pension funds have brought a suit against BP claiming their members lost money as a result of BP's actions before and after the Deepwater Horizon explosion.
Thursday, April 11, 2013
BP Doesn't Need Large Acquisition to Replace Reserves -Executives
Thursday, April 11, 2013 BP, which has completed a $38 billion divestment program in efforts to streamline the company and bolster its financial position, doesn't need a large acquisition to replace naturally declining reserves, company officials say.
Friday, April 5, 2013
US Court Rules Against BP on Oil Spill Settlement Payments Dispute
Friday, April 5, 2013 A federal judge denies BP's plea to halt payments from a settlement fund set up to reimburse businesses and individuals for losses from the 2010 Deepwater Horizon accident.
Tuesday, April 2, 2013
Judge Rules CSB Has Jurisdiction Over Deepwater Horizon Accident
Tuesday, April 2, 2013 A federal judge has ruled that the US Chemical Safety Board has jurisdiction to investigate the 2010 Deepwater Horizon accident in the Gulf of Mexico.
Friday, March 22, 2013
BP Asks Court to Sanction Halliburton in Deepwater Horizon Trial
Friday, March 22, 2013 BP asks a federal judge to issue sanctions against Halliburton, alleging that the drilling contractor withheld evidence in the trial following the 2010 Deepwater Horizon disaster.
Friday, March 15, 2013
DOI: BP Can Bid for US Gulf Oil Leases Despite Suspension
Friday, March 15, 2013 BP can bid in the upcoming Gulf of Mexico oil lease sale but won't be granted a contract if a suspension from obtaining new contracts is still in force, the US Department of the Interior said.
Friday, March 8, 2013
BP Expects Some US Gulf Oil Spill Claims To Be Higher Than Anticipated
Friday, March 8, 2013 BP expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disaster, according to the company's annual report.
Saturday, March 2, 2013
Transocean: BP Gave Low Flow Estimates of Gulf Spill
Saturday, March 2, 2013 Transocean says BP hampered efforts to stop the resulting gusher of oil by misleading government officials in the 2010 spill.
Wednesday, February 27, 2013
Court Testimony: BP Managers Under Cost-Cutting Pressure before Spill
Wednesday, February 27, 2013 BP's managers were under pressure to cut costs significantly in the years leading up to the Deepwater Horizon accident, according to testimony at the federal trial over liability for the 2010 explosion and oil spill.
Tuesday, February 26, 2013
Witness Says Deepwater Horizon Accident Was 'Classic Failure of Management'
Tuesday, February 26, 2013 An expert witness for plaintiffs suing BP says the 2010 Deepwater Horizon accident was "a classic failure of management and leadership in BP," at the trial.
Monday, February 25, 2013
BP Has Around $14B After Tax to Cover US Civil Fines, Claims
Monday, February 25, 2013 BP has headroom of around $14B after tax credits to cover Clean Water Act fines as well as other claims and litigation costs stemming from the Deepwater Horizon disaster that aren't payable from its $20B, Moody's said.
Lawyer Says Transocean Failed to Train Drilling Rig Crews Properly
Monday, February 25, 2013 Transocean failed to train its drilling rig crews properly and didn't maintain key safety equipment on the doomed Deepwater Horizon drilling rig, a lawyer representing Gulf Coast businesses says.
Friday, February 22, 2013
US, States Mull Extending $16B Oil-Spill Settlement Offer to BP
Friday, February 22, 2013 The US Justice Department and Gulf Coast states are mulling offering BP a $16B deal to settle civil claims related to the 2010 Deepwater Horizon incident, according to people familiar with the discussions.
Tuesday, February 19, 2013
US Judge OKs Transocean's $1B Civil Spill Settlement
Tuesday, February 19, 2013 A US federal judge approves Transocean's $1 billion civil settlement for its role in the 2010 Deepwater Horizon accident in the Gulf of Mexico.
Thursday, February 14, 2013
Transocean: US Judge Approves Criminal Settlement with DOJ
Thursday, February 14, 2013 A federal judge in New Orleans approves Transocean's $400 million criminal settlement with the US Justice Department over the 2010 Deepwater Horizon accident.
Wednesday, February 6, 2013
BP To Contest $34B Gulf Suits From State, Local Governments
Wednesday, February 6, 2013 BP plans to "vigorously contest" legal claims for tens of billions of dollars in damages stemming from the 2010 Gulf of Mexico disaster, describing the lawsuits as "seriously flawed."
Tuesday, January 29, 2013
Court Accepts BP Plea Resolving All Macondo Criminal Claims
Tuesday, January 29, 2013 The U.S. District Court for the Eastern District of Louisiana has accepted BP's plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill and response.
Friday, January 11, 2013
BP Files Motion to Establish No. of Barrels for Macondo CWA Penalty
Friday, January 11, 2013 BP has filed a court motion seeking to establish that the number of barrels of oil to be used for calculating Clean Water Act (CWA) civil penalties related to the Deepwater Horizon incident is substantially lower than U.S. government estimates.
Thursday, January 3, 2013
Transocean Settles Deepwater Horizon Claims
Thursday, January 3, 2013 Transocean will plead guilty to one violation under the Clean Water Act and pay $1.4B in fines to settle Deepwater Horizon claims with DOJ.
Tuesday, December 18, 2012
BP: Deepwater Horizon Well Intact, Survey Shows
Tuesday, December 18, 2012 BP said that an underwater survey showed that the well that unleashed the Deepwater Horizon oil spill was intact.
Thursday, November 29, 2012
US Coast Guard Approves Another Inspection of Sunken Deepwater Horizon
Thursday, November 29, 2012 The U.S. Coast Guard approved BP and Transocean's plan to conduct another underwater inspection of the wreckage of the Deepwater Horizon rig to discover the source of an oil slick floating in the GOM, the agency said.
Thursday, November 15, 2012
BP Will Pay $4.5B in Plea Deal over Macondo
Thursday, November 15, 2012 BP says it has reached an agreement with the US government to resolve all Federal criminal charges and claims by the SEC in return for $4.5B payment over five years.
Thursday, October 25, 2012
BP Plugs Openings in Underwater Dome After Oil Sheen in Gulf
Thursday, October 25, 2012 BP said it capped and plugged a containment dome left on the sea floor during the Deepwater Horizon disaster, thought to be the source of an oil sheen first spotted last month on the surface of the GOM.
Wednesday, October 24, 2012
BP Urges Judge to Give Final Approval to Deepwater Settlement
Wednesday, October 24, 2012 BP urges a judge to accept its proposed plan to settle billions of dollars of claims due to economic loss in the Deepwater Horizon matter, countering objections raised by some of the thousands of class-action plaintiffs.
Tuesday, October 23, 2012
Pemex Signs Deal to Use BP's Well-Capping Technology in GOM
Tuesday, October 23, 2012 Pemex signs agreement with BP to share technical info about emergency well-capping in the deep waters of the GOM, with BP offering Pemex the benefit of lessons learned following the 2010 Deepwater Horizon oil spill and response.
BP's Ability to Cover Macondo Costs Bolstered After TNK-BP Sale
Tuesday, October 23, 2012 Fitch Ratings maintains its debt rating for BP but says BP should not be able to cover any further legal costs arising from the 2010 Macondo spill.
Monday, October 15, 2012
Robot Submarine Seeks Oil Sheen Source Near Deepwater Horizon Site
Monday, October 15, 2012 A submarine robot is seeking the source of a surface oil sheen that matched oil from the massive 2010 Deepwater Horizon oil spill, a spokesman for the US Coast Guard said.
Thursday, October 11, 2012
BP: Macondo Well Integrity Not Compromised
Thursday, October 11, 2012 BP says it has seen no evidence from a recent oil sheen that indicates the integrity of the Macondo well has been comprised.
Friday, September 14, 2012
Bacteria Removed At Least 200,000 Tons of O&G Following Macondo
Friday, September 14, 2012 Naturally-occurred bacteria in the GOM consumed and removed at least 200,000 tons of oil and natural gas following the Macondo spill, according to researchers at the Univ. of Rochester and A&M.
Monday, September 10, 2012
Transocean Seeks $1.5 Billion Settlement for Certain Macondo Claims
Monday, September 10, 2012 Transocean reported that it has been in discussions with the U.S. Department of Justice seeking to resolve certain civil and criminal claims related to Macondo for $1.5B over a period of years.
Wednesday, September 5, 2012
US Justice Department Reiterates Tough Stance Against BP on Oil Spill
Wednesday, September 5, 2012 The US Department of Justice said it intends to prove that BP committed gross negligence or willful misconduct in the events leading to the Deepwater Horizon oil spill, reiterating its previously stated stance against the UK oil giant.
Wednesday, August 8, 2012
Environmental Groups Seek Ruling on Chemical Oil Dispersants
Wednesday, August 8, 2012 A coalition of conservation, wildlife and public health groups from the GOM and Alaska are seeking to compel the EPA to issue a rule on chemical oil dispersants.
Thursday, August 2, 2012
Transocean CEO: Making Progress on Deepwater Horizon Resolution
Thursday, August 2, 2012 Transocean is making progress towards a settlement in the Deepwater Horizon case, Chief Executive Steve Newman said.
Tuesday, July 24, 2012
US Chemical Safety Board: Safety Lapses Led to BP Oil Spill
Tuesday, July 24, 2012 The US Chemical Safety Board said Transocean and BP had multiple deficiencies in their safety-management systems that contributed to the Deepwater Horizon catastrophe.
Monday, July 23, 2012
US Chemical Safety Board: Offshore Drillers Focus on Wrong Safety Data
Monday, July 23, 2012 A federal safety agency has determined that the offshore-drilling industry is relying on the wrong data in its quest to prevent major accidents like the 2010 Deepwater Horizon blowout.
Sunday, July 15, 2012
Report: BP Nears $15B Settlement Over Gulf Oil Spill
Sunday, July 15, 2012 BP PLC is near to a settlement with U.S. authorities over the Gulf of Mexico oil spill, said U.K. newspaper The Sunday Times.
Wednesday, June 20, 2012
Central Gulf Lease Sale Marks First Since Deepwater Horizon Incident
Wednesday, June 20, 2012 BOEM will hold the first Central Gulf of Mexico lease sale since the Deepwater Horizon incident in April 2010.
Monday, June 11, 2012
Reuters: Judge Denies BP Access to White House Emails on Oil Spill
Monday, June 11, 2012 A U.S. federal judge ruled against BP's bid to gain access to 21 emails and other documents sent by the White House and other officials related to the 2010 oil spill, Reuters reported.
Friday, June 8, 2012
Financial Times: BP Wants Settlement Below $15B on 2010 Oil Spill
Friday, June 8, 2012 BP PLC hopes to pay less than $15 billion to settle all penalties with the Department of Justice over the massive oil spill in the Gulf of Mexico.
Tuesday, May 22, 2012
Transocean Says Its Employees Unlikely to Face Oil Spill Charges
Tuesday, May 22, 2012 Transocean said an executive misspoke when he said that the company expected the U.S. to file more charges against workers of companies involved in the 2010 Deepwater Horizon explosion.
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