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Posts related to ‘Deepwater Horizon’

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Transocean Will Pay $1.4 Billion for Gulf Spill

Posted: January 3, 2013 at 1:25 pm

Transocean Ltd. (NYSE: RIG), the owner and operator of the Deepwater Horizon rig that exploded and burned in 2010, taking 11 workers’ lives and dumping 5 million barrels of crude ...
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BP plc May Be Back In Play

Posted: January 4, 2011 at 5:13 am

BP plc (NYSE: BP) may be back in play. That is, at least, what a report from The Daily Mail says. The FT points out that claims against the UK-based ...
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Oil Spill Effects May Be Negligible

Posted: December 21, 2010 at 5:42 am

Ken Feinberg is a lawyer and not a scientist . It was surprising to hear him say that the long-term effects of the BP plc (NYSE: BP) oil spill may ...
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BP Well Costs Move About $11 Billion

Posted: October 1, 2010 at 8:11 am

BP plc (NYSE: BP) said it has pledged collateral to cover the costs of the independent escrow fund meant to cover claims and liabilities from the Deepwater Horizon spill. That ...
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BP CEO Tony Hayward Is Here To Stay, And Lord Browne Takes The Blame

Posted: July 21, 2010 at 5:26 am

BP plc (NYSE: BP) may be in desperate trouble, but its CEO Tony Hayward will not be fired. According to Reuters, he has the full support of the company's board. ...
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BP Clean-Up Costs Move Above $3 Billion As Company Pushes Partner Payments

Posted: July 5, 2010 at 6:25 am

BP plc (NYSE: BP) said its costs for the Gulf clean-up of the oil spill have hit $3.12 billion. The company recently demanded that its two partners in the Deepwater ...
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Oil Leak Likely To Hit Miami

Posted: July 2, 2010 at 3:27 pm

NOAA has made projections of the likely path of the Deepwater Horizon rig spill. The model for the forecasts is based on ocean and weather patterns determined by government ...
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As Alex Gains Strength, Gale Force Winds May Hit The BP Clean Up

Posted: June 29, 2010 at 5:49 am

Tropical storm Alex may become a hurricane in the next 24 to 48 hours. Its most likely path is to hit land near the Texas-Mexico border. Alex  may send gale ...
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Deepwater Horizon: Leak Increases

Posted: June 23, 2010 at 12:41 pm

Several media outlets are reported another disaster at the Deepwater Horizon locations. MSNBC: Oil was again gushing uncontrollably from the BP spill site on Wednesday after the company was forced ...
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BP Raises Estimates Of Spill To As High As 100,000 A Day

Posted: June 21, 2010 at 5:45 am

The US government cannot count to ten using both hands. Neither can most scientists is would seem. BP plc (NYSE: BP) has the same problem. It released documents yesterday that ...
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Anadarko (APC): Everything Is BP’s Fault

Posted: June 18, 2010 at 11:59 pm

Anadarko Petroleum, BP's partner in the Gulf and holder of 25% of the interest in the Mississippi Canyon block 252  lease drilling area,  today said that everything was BP's fault ...
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Slick Grows Quickly In Gulf, Proof Leak Is Huge Now

Posted: June 16, 2010 at 11:00 am

The NOAA maps of the Deepwater Horizon slick show that it has increased significantly in size and now threatens the entire West Coast of Florida as far south as the ...
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Many Americans Think Oil Spill Damage Will Be Permanent

Posted: June 16, 2010 at 4:50 am

The two most pessimistic views of the BP plc (NYSE: BP) disaster are that the flow of oil from the well cannot be stopped by human intervention and that the ...
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Government Ups Daily Deepwater Spill Rate To 60,000 Barrels

Posted: June 15, 2010 at 6:51 pm

Every time the government releases new data on the rate at which the Deepwater Horizon rig is leaking, the figure doubles. Today, the Deepwater Horizon Incident Joint Information Center reported ...
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The Oil Industry Says It Can Regulate Itself

Posted: June 15, 2010 at 6:36 pm

"Badges? We ain't got no badges. We don't need no badges! I don't have to show you any stinkin' badges!"--The Treasure of the Sierra Madre, 1948 A former Shell Oil ...
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