Search results for: Deepwater Horizon

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  • 24 March 2016

    Less than a month before the sixth anniversary of the largest offshore oil and gas disaster in the U.S. history – the Deepwater Horizon drilling rig explosion – Lionsgate has released the first trailer of the “Deepwater Horizon” film, being made based on the 2010 catastrophe. The film stars Academy Award nominee Mark Wahlberg, who plays Mike […]

  • 15 September 2016

    “Deepwater Horizon” focuses on the hours before and after the rig explosion on April 20, 2010

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 20 February 2015
    Business & Finance

    The New Orleans District Judge Carl Barbier has ruled against BP’s appeal to lower the USD 13.7 billion maximum civil fine the company might pay for its involvement in the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, according to Reuters. Back in September, Judge Barbieri found BP guilty of gross negligence and willful […]

  • 16 January 2018

    UK oil major BP will take a $1.7 billion post-tax non-operating charge in its fourth quarter 2017 results as the Deepwater Horizon claims facility approaches closure. 

  • 15 July 2016
    Equipment

    BP said on Thursday that, following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon rig explosion and oil spill, it can now “reliably estimate all of its remaining material liabilities in connection with the incident.” As a result, taking into account this estimate together with other positive tax adjustments, BP expects […]

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 1 December 2015
    Exploration & Production

    Anadarko, an independent oil and gas company based in Texas, will pay $159 million for its involvement in the Deepwater Horizon oil spill that happened in April, 2010, in the U.S. Gulf of Mexico. This was revealed in a ruling by the U.S. District Court for the Eastern District of Louisiana on Monday. While the […]

  • 16 April 2014
    Business & Finance

    U.S. Coast Guard federal on-scene coordinator (FOSC) for the Deepwater Horizon Response completed the transition to the “Middle Response” (“Middle R”) process yesterday and opened active National Response Center (NRC) cases for three miles of coastline in Louisiana. “Our response posture has evolved to target re-oiling events on coastline segments that were previously cleaned,” said […]

  • 6 October 2015
    Exploration & Production

    The U.S. Government and five Gulf states, Alabama, Florida, Louisiana, Mississippi and Texas, hit by the massive oil spill from the Deepwater Horizon blowout in 2010, have reached a settlement to resolve civil claims against BP. The global settlement is worth more than $20 billion. The explosion and fire which occurred on April 20, 2010, destroyed […]

  • 6 August 2015
    Business & Finance

    Transocean, one of the world’s largest offshore drilling companies, has recorded a drop in its second quarter profit. The company Wednesday said its net income for the quarter was 342 million, versus $587 million in the second quarter of 2014. Revenues fell to $1.88 billion, compared to 2.32 billion in 2Q 2014. The company recorded $653 million […]

  • 28 July 2015
    Business & Finance

    The New Orleans District Judge Carl J. Barbier yesterday gave a 30-day deadline to BP to pay USD 1 billion in compensations to government entities of local states which were impacted by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. In his ruling, Judge Barbier said that the court was advised that BP reviewed and […]

  • 28 July 2015
    Business & Finance

    The New Orleans District Judge Carl J. Barbier yesterday gave a 30-day deadline to BP to pay USD 1 billion in compensations to government entities of local states which were impacted by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. In his ruling, Judge Barbier said that the court was advised that BP reviewed and […]

  • 20 April 2015
    Exploration & Production

    Today marks the fifth anniversary since the Deepwater Horizon oil spill disaster, offshore Louisiana, USA, in which eleven men died. Their bodies were never found. The incident happened on April 20, 2010, when the Transocean-owned semi-submersible drilling rig exploded, causing the oil from the BP-operated Macondo well to flow freely into the U.S. Gulf of […]

  • 2 December 2015
    Business & Finance

    The US 5th District Court of Appeals in New Orleans, Lousiana, overseeing the Deepwater Horizon litigation, has set a penalty of USD 159.5 million for the oil major Anadarko, the co-owner and co-lessee of the well. The ruling was issued as part of the Clean Water Act penalty phase. According to the ruling, the Court said that the company […]

  • 15 September 2011
    Operations & Maintenance

      The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)/U.S. Coast Guard Joint Investigation Team (JIT) released its final investigative report on the April 20, 2010, Deepwater Horizon explosion, loss of life, and resulting oil spill. The report is comprised of Volume I, covering the areas of investigation under the jurisdiction of the Coast […]

  • 15 September 2011
    Business & Finance

    The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)/U.S. Coast Guard Joint Investigation Team (JIT) today released its final investigative report on the April 20, 2010, Deepwater Horizon explosion, loss of life, and resulting oil spill. The report is comprised of Volume I, covering the areas of investigation under the jurisdiction of the Coast […]

  • 16 April 2014
    Business & Finance, Operations & Maintenance

    The Coast Guard federal on-scene coordinator (FOSC) for the Deepwater Horizon Response completed the transition to the “Middle Response” process and opened active National Response Center (NRC) cases for three miles of coastline in Louisiana. “Our response posture has evolved to target re-oiling events on coastline segments that were previously cleaned,” said Capt. Thomas Sparks, […]

  • 4 January 2013

    BP said “Today’s settlement between Transocean and the United States underscores what every official investigation has found: that the Deepwater Horizon accident resulted from multiple causes, involving multiple parties”.

  • 21 April 2015

    BP CEO Bob Dudley held a keynote speech today during the second day of the IHS CERAweek energy conference in Houston. As expected, a significant part of the speech focused on the fifth anniversary of the Deepwater Horizon tragedy, and how BP has changed as a company since then.   Below are the main takeaways from […]

  • 6 March 2014
    Business & Finance

    Governor Rick Scott joined the multi-state federal litigation currently pending in the Eastern District of Louisiana involving the Deepwater Horizon oil spill. The suit against BP and others was filed by the Florida Department of Environmental Protection and the Florida Fish and Wildlife Conservation Commission in Pensacola. The complaint names BP, Anadarko, and Transocean as […]

  • 6 March 2014

     Florida Governor Rick Scott yesterday entered into the litigation currently pending in federal court in the Eastern District of Louisiana involving the Deepwater Horizon oil spill. The suit against BP and other responsible parties was filed yesterday by the Florida Department of Environmental Protection in Panama City.   “Today’s filing is a long awaited step in holding […]