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Posts in Gulf of Mexico

BP Settlement “doesn’t benefit my clients”
Andy Rowell
Mar05
The saying in the city is that the markets do not lie. And after Friday’s late night deal to reach a settlement with plaintiffs for a reported $7.8 billion, shares this morning in BP are topping the FTSE 100. The company’s share have risen over 2 per cent this morning with some analysts saying the…
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BP Trial “Close to Settlement”
Andy Rowell
Feb27
So the trial of the century may not happen after all. This morning, lawyers representing over 116,000 plaintiffs had been due in court in New Orleans to begin the trial against BP and other defendants resulting from the Deepwater Horizon. The trial could have lasted two years. Documents in the case run to more than…
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BP: Reprieved from Death Row
Andy Rowell
Oct17
It’s been a good few days for BP. The company’s share price surged 5.1 per cent this morning after it was announced that Anadarko Petroleum will pay $4 billion to settle all claims for last year’s Gulf of Mexico oil spill. The US-based Anadarko Petroleum was a part-leaseholder of ill-fated Macondo well. As part of…
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Gov Report into Deepwater “Spreads Blame”
Andy Rowell
Sep14
After numerous delays, and even the departure of a lead investigator, later today the US government is expected to release the report into last year’s Deepwater Horizon disaster that has been undertaken by the Coast Guard and the Agency responsible for regulating offshore drilling. According to the Wall Street Journal, the federal investigation into the…
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Comeback Kid Hayward Severs Final Link With BP
Andy Rowell
Sep12
Finally after 29 years, Tony Hayward, the former chief executive of BP, will sever all his ties with the oil giant. Although he resigned from being Chief Executive last year in the wake of the Deepwater Horizon disaster, Hayward has remained on board of its Russian joint venture, TNK-BP. But it has announced that he…
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“Very Close Match” Between New Spill And BP’s Well
Andy Rowell
Aug30
A renewed push for permits by oil companies in the Gulf of Mexico is being overshadowed by a row over whether BP’s capped Macondo well is actually leaking oil. If the well is somehow still leaking this would have major ramifications for BP, but also the wider industry that is gearing up for further drilling…
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The “Spill Amnesia Bill”
Andy Rowell
May06
A week, they say, can be a long time in politics. A year, therefore can be a lifetime. And long enough to forget. A year on from the Deepwater disaster, Republicans are acting as if the America’s largest ever oil spill did not in fact happen. It was just a distant bad dream. Yesterday, as…
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“I don’t see any daylight at the end of this tunnel”
Andy Rowell
Apr20
At 10.00 AM today, BP’s 80,000 employees marked a minute’s silence in memory of those who died on the Deepwater Horizon, exactly a year ago. Meanwhile in the Gulf, relatives of the 11 men who died aboard the Deepwater Horizon are flying over the rig site, back to the epicenter of the disaster. On land,…
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BP “wanted control of the science”
Andy Rowell
Apr18
This Wednesday is going to be a painful day for many. The first Anniversary of the Deepwater Horizon will be a deeply painful day for many of the workers who were on the fateful rig, and the families of the deceased. We must remember that eleven people died that day. At least 40 workers were…
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BP: Back in the Gulf
Andy Rowell
Apr04
With a haste that many will regard as reckless and a disregard for those who died in the Deepwater accident, BP will resume drilling in the Gulf of Mexico as early as July this year. So fifteen months after Deepwater, the concept of the disaster being some kind of game-changer that shifted the US towards…
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