Three months after the Department of Justice and BP announced they had come to an agreement to put an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico that left eleven people dead and released millions of gallons of oil into the water, the deal has been finalized for $20.8 billion — about $1.3 billion more than the oil company estimated in July. [More]
gulf of mexico
More than five years after an explosion at the Deepwater Horizon oil well in the Gulf of Mexico left eleven people dead and released untold amounts of oil into the water, BP has agreed to make $18.7 billion in payments — spread out over nearly two decades — to settle all federal and state claims related to the disaster. [More]
It’s not only brain-eating amoebas swimmers in warm waters have to worry about: Health officials in Florida are warning swimmers in the Gulf Coast about a flesh-eating bacteria in that ocean that so far has killed 10 people and hospitalized 32. [More]
Transocean, the offshore drilling company that operated, on BP’s behalf, the ill-fated Deepwater Horizon rig whose collapse resulted in multiple deaths and untold amounts of oil being released into the Gulf of Mexico, has agreed to plead guilty to violating the Clean Water Act and to pay a total of $1.4 billion in civil and criminal fines and penalties. [More]
Things have got to be tense over at BP right now, as reports are whirling here there and everywhere that the company is likely going to shell out billions of dollars to pay a criminal penalty related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. It’s also reportedly going to plead guilty to criminal misconduct as part of the plea deal it’s reached with the Department of Justice. [More]
It’s like a scene on some crime show where the crook gets away because the local cops and the FBI aren’t telling each other everything. Except this wasn’t some hour-long piece of TV fluff; it was a huge environmental disaster that unleashed untold amounts of oil into the Gulf of Mexico. [More]
More than a year and a half after the disastrous collapse of the BP-operated Deepwater Horizon drilling rig in the Gulf of Mexico, it looks like someone may finally be held accountable for the accident, as federal prosecutors are reportedly preparing to file criminal charges against the oil company and perhaps some individual employees.
In its latest effort to spread the love from its Worst Company In America victory, BP has accused another much-loathed business, Halliburton, of destroying internal test results which BP claims demonstrates that the cement used to secure the ill-fated Gulf of Mexico oil well was unstable.
More than a year after the Deepwater Horizon drilling platform that killed 11 people, leaked countless gallons of crude oil into the Gulf of Mexico and earned BP the title of Worst Company In America, the petroleum giant has received approval from the federal government to begin drilling again in the Gulf.
A day after the one-year anniversary of the Deepwater Horizon disaster, which killed 11 offshore rig workers, released millions of barrels of crude oil into the Gulf of Mexico, and earned BP the title of Worst Company In America, the Golden Poo winners announced that it has reached an agreement to pony up another $1 billion toward Gulf restoration efforts.
In what will probably come as a surprise to no one, Consumerist readers have overwhelmingly selected the BP/Deepwater Horizon oil spill in the Gulf of Mexico as the biggest business debacle of 2010.
Because the water in the Gulf of Mexico wasn’t screwed up enough as it is, now come reports that an offshore petroleum platform has exploded and is on fire in the Gulf Mexico, approximately 80 miles off the Louisiana coast.
As was reported over the weekened, BP CEO Tony Hayward, famous for complaining about how the Gulf of Mexico oil spill had eaten into his private time, is officially being pushed to the side. The news comes on the same day the petroleum giant posted a record $17 billion quarterly loss.
Here’s a tip: Unless you’re a high-ranking member of the military or government, you’re probably not going to be getting any e-mails sent to you by big-mouthed British Petroleum CEO Tony Hayward. But for those who do see something from ol’ T-Bone in the their inbox, the Attorney General in Florida wants you to know it’s probably a scam.
Congratulations to BP and all the others responsible for the Deepwater Horizon disaster. You’ve officially managed to screw up every U.S. state along the Gulf of Mexico. Texas had been the only of the five states bordering the greasy body of water to be untainted by the spill, but that changed over the weekend when the first batch of tar balls washed up on the shore of the Lone Star State.