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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Reuters: BP (BP.L) has called on contractor Halliburton (HAL.C) to pay all costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.
Halliburton cemented the failed well that caused the United State's biggest offshore oil spill.
In a U.S. court filing, BP said it was suing to recover costs and expenses from cleaning up the oil spill, lost profits, and "all other costs and damages incurred by BP related to the Deepwater Horizon... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Reuters: BP has called on its contractor Halliburton to pay all costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, according to a court filing by BP's lead trial attorney.
BP has spent $14bn (£9bn) in the Gulf Coast region in its response to the spill and set aside $20bn for economic claims and restoration work, according to its website. The filing did not give a figure on the amount of damages BP is seeking from Halliburton, which provided cement contracting services on the... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Reuters: BP's (BP.L) $20 billion oil spill fund said it had resumed payments to eligible victims on Wednesday after receiving clarification from a U.S. district court regarding an escrow account set up to cover certain legal expenses incurred by the plaintiffs' lawyers.
The U.S. District Court for the Eastern District of Louisiana had earlier asked the fund called the Gulf Coast Claims Facility (GCCF) to pay into a court supervised escrow account 6 percent of the gross settlement amount. The money from... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Associated Press: Nearly 20 months after its massive Gulf of Mexico oil spill -- and just as the nation focuses on New Orleans, host of the BCS title game -- BP is pushing a slick nationwide public relations campaign to persuade Americans that the Gulf region has recovered.
BP PLC's rosy picture of the Gulf, complete with sparkling beaches, booming businesses, smiling fishermen and waters bursting with seafood, seems a bit too rosy to many people who live there. Even if the British oil giant's campaign helps promote... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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New York Times: Maybe the plumes were really clouds.
I am talking about the famous plumes from the Deepwater Horizon oil spill, the event that roiled the Gulf Coast and scrambled energy politics in mid-2010. Many readers will remember reports, first carried in this newspaper, that a considerable volume of hydrocarbons released in the spill did not reach the surface of the gulf. Instead they dissolved into deep water, forming what appeared at the time to be enormous plumes of dissolved oil and gas.
That first... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Reuters: BP's (BP.L) $20 billion oil spill fund has halted payments to eligible victims until a U.S. federal court clarifies an order issued in December, according to a notice posted on the fund's website.
The District Court for the Eastern District of Louisiana had asked the fund, called the Gulf Coast Claims Facility, to pay into a court supervised escrow account 6 percent of the gross settlement amount. The funds from the escrow account would be used to meet certain legal expenses incurred by the plaintiffs'... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Yale Environment 360: Indian banker Pavan Sukhdev has been grappling with the question of how to place a monetary value on nature. In an interview with Yale Environment 360, he discusses the ways natural ecosystems benefit people and why policymakers and businesses must rethink how they assess environmental costs and benefits.
How do you put a price on the value of nature? That’s the question Indian banker Pavan Sukhdev and his colleagues are seeking to answer in their international project on The Economics of Ecosystems... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Guardian: In 2010 the world watched in horror as the Gulf of Mexico filled with 5m gallons of oil from an undersea leak caused by the careless handling of equipment on the part of BP and its partner Halliburton. Shocking images of uncontrolled spillage erupting from the ocean floor travelled around the world for weeks, sparking a media frenzy, a range of stern governmental responses and a huge amount of public outrage. BP has spent millions on the clean-up and millions more on a public relations campaign,... |
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Water -
Gulf Oil Spill
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Written by H20
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Wednesday, 21 March 2012 01:04 |
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Reuters: BP learned expensive lessons from the 2010 oil spill in the Gulf of Mexico and has no intention of turning away from the region, the oil giant's CEO, Robert Dudley, said on Friday.
The Chicago native said the cleanup from the April 2010 disaster was down to its "final few miles" and the company has committed up to $1 billion to environmental restoration projects. It has disbursed roughly $8 billion of a $20 billion compensation fund.
Dudley would not specifically address the slew of lawsuits... |
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