Posts in Gulf of Mexico
- Oil giant BP continues to be tormented by the legacy of the Deepwater Horizon disaster.
- Later today as part of Obama’s “All of the Above” energy strategy, the Bureau of Ocean Energy Management will hold an oil and gas lease sale that will make more than 20 million offshore acres available to oil and gas drilling.
- Over 3,000 people marched around the White House yesterday with a simple message for President Obama: Say no once and for all to the KXL.
- 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...
Continue reading 'BP Settlement “doesn’t benefit my clients”'.
- 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...
Continue reading 'BP Trial “Close to Settlement”'.
- Chevron is at the center of a scandal over the oil spill in the offshore Campos Basin Frade field about 230 miles from the coast of northeast Rio de Janeiro. Originally the company said that the spill was natural seepage from the field. Well, no, it appears it was not. The scandal began to unravel on...
Continue reading 'Oil Spill off Rio Sets Chevron at the Center of Scandal'.
- 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...
Continue reading 'BP: Reprieved from Death Row'.
- 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...
Continue reading 'Gov Report into Deepwater “Spreads Blame”'.
- 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...
Continue reading 'Comeback Kid Hayward Severs Final Link With BP'.
- 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...
Continue reading '“Very Close Match” Between New Spill And BP’s Well'.
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