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The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. Litigation commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for financial ...
The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. [ 1 ]
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On 20 April 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
Mar. 1—HARLINGEN — The final tranche of money from the Deepwater Horizon settlement has been awarded, and $5.6 million is earmarked for restoration of the Laguna Atascosa National Wildlife ...
BP (NYS: BP) confirmed this morning that it is in "advanced discussions" with the Department of Justice and the Securities and Exchange Commission regarding "proposed resolutions of all US federal ...
Halliburton Resolves Department of Justice Deepwater Horizon Investigation HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYS: HAL) today announced that it has reached an agreement with the U.S ...
In April 2014, the parties reached a $5.15 billion settlement in what was at the time the largest environmental contamination settlement in American history. [39] [2] Since then the total amount for the complete and comprehensive cleanup of the BP DeepWater Horizon incident has passed $60 billion. [citation needed]
Location: Macondo Prospect (Mississippi Canyon Block 252), in the North-central Gulf of Mexico, United States (south of Louisiana): Coordinates: 1]: Date: 20 April – 19 September 2010 (4 months, 4 weeks and 2 days): Cause; Cause: Wellhead blowout: Casualties: 11 people killed 17 people injured: Operator: Transocean under contract for BP [2]: Spill characteristics; Volume: 4.9 million barrels ...