Search results
Results from the WOW.Com Content Network
This article covers the effect of the Deepwater Horizon disaster and the resulting oil spill on global and national economies and the energy industry.. Weeks after the event, and while it was still in progress, the 2010 Deepwater Horizon oil spill was being discussed as a disaster with far reaching consequences sufficient to impact global economies, marketplaces and policies.
The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling was established on 22 May to "consider the root causes of the disaster and offer options on safety and environmental precautions." [309] The investigation by United States Attorney General Eric Holder was announced on 1 June 2010. [310]
BP (BP) said Monday morning its cost for the Deepwater Horizon disaster have reached $2 billion. The U.K.-based company explained that this includes "the cost of the spill response, containment ...
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]
For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher. The most expensive disaster in human history is the Chernobyl disaster, costing an estimated $700 billion. [2]
When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of ...
The 2010 BP Gulf of Mexico oil spill of the Deepwater Horizon drilling rig is the most expensive to date. Experts estimate that around four million barrels of oil flowed into the ocean over 87 days.
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling begins two days of hearings at the Hilton New Orleans Riverside [109] July 15 – BP test cuts off all oil pouring into the Gulf at 2:25 pm. [110] However Thad Allen cautions that it is likely that containment operations will resume following the test. [111]