Tag Archives: Deepwater drilling

BP seeks injunction over Gulf oil spill settlement dispute

BP wants an injunction to prevent the administrator handling claims under a class-action settlement reached with victims of the 2010 Gulf of Mexico oil spill from paying inflated or fictitious claims that could cost the British oil giant billions of do… Continue reading

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Transocean chief disappointed with Gulf oil spill insurance ruling

Transocean will fight for its fair share of proceeds from insurance policies providing for at least $750 million in coverage amid an appeals court ruling that allows BP to tap into the money to help pay for its liabilities related to the 2010 Gulf of M… Continue reading

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Steffy: There’s no free ride in the Gulf

Let us pause for a moment to gaze with perfect clarity in the rearview mirror and talk about the revenue that might have been. Continue reading

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BP wins appeal on Gulf oil spill insurance claim

The 5th U.S. Circuit Court of Appeals has reversed a ruling by U.S. District Judge Carl Barbier, the presiding judge in the trial, and said that BP can tap into insurance policies held by rig owner Transocean that provided for at least $750 million in … Continue reading

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Chevron ultra-deep well shows high production

Chevron said Thursday that a test well at the St. Malo field, more than 5 miles below sea level, had a high rate of oil production, an indicator of the promise of an emerging field in the Gulf of Mexico. Continue reading

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BP feud with US government over Gulf oil spill heats up

BP is preparing for battle with the U.S. government as it steps up its efforts to defend itself against up to $21 billion in civil fines that it could face in connection with the 2010 Gulf of Mexico oil spill. Continue reading

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Documents: BP well-site leaders faced earlier indicment in spill case

Two BP well-site leaders charged with manslaughter in the deaths of 11 workers killed in the 2010 Gulf of Mexico rig explosion and oil spill disaster originally were indicted more than a month before the case was announced. Continue reading

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Offshore drillers could learn from aviation

After the recent problems with batteries on the Boeing 787, the Federal Aviation Administration ordered all of the aircraft flown by U.S. carriers removed from service. Continue reading

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Offshore drillers could learn from aviation

After the recent problems with batteries on the Boeing 787, the Federal Aviation Administration ordered all of the aircraft flown by U.S. carriers removed from service. Continue reading

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Guilty: BP admits to causing deaths in spill disaster

BP has pleaded guilty to manslaughter in the deaths of 11 rig workers who died when its Macondo well blew out in the Gulf of Mexico in 2010. Continue reading

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