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The settlement includes payments of $2.394 billion to the National Fish and Wildlife Foundation, $1.15 billion to the Oil Spill Liability Trust Fund, $350 million to the National Academy of Sciences for oil spill prevention and response research, $100 million to the North America Wetland Conservation Fund, $6 million to General Treasury and ...
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]
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On April 20, 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]
The largest landholder in the Florida Panhandle is suffering huge losses due to the BP oil spill. And it's looking for someone to pay. The St. Joe Company, a real estate developer in Florida that ...
Oilfield services company Halliburton (HAL) has garnered plenty of unwanted attention from the event in the Gulf of Mexico. While the company's role in the Deepwater Horizon oil spill remains ...
HOUSTON (AP) - Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill. The settlement, which is ...
[13] An unused Oil Spill Commission slide [14] obtained by Greenwire, outlines 11 decisions that BP and its contractors ( Halliburton Co., Transocean Ltd. and MI Swaco) made before the disaster that may have increased risk on the rig. At least nine of the decisions saved time, and the majority were made on shore, mainly by BP.
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 ...