Tens of billions at stake in BP oil spill trial
Tens of billions of dollars will be at stake when BP heads to a US court this month to determine how much it owes for the massiveGulf of Mexico oil spill and how much it can shift to subcontractors. Several government probes have castigated BP, rig operatorTransocean and Halliburton – which was responsible for the runaway well’s faulty cement [...]
BP returned to profit with a bang last year, posting net earnings of $23.9 billion on Tuesday as the British energy giant prepares for a criminal trial linked to the US Gulf of Mexico oil spill disaster. BP announced adjusted profit after tax equivalent to 18.2 billion euros for 2011, as higher oil prices offset a drop in production, [...]
Associated Press More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one — not industry, not government — is checking to see if they are leaking, an Associated Press investigation shows. The oldest of these wells [...]
By Daniel Tencer The federal agency charged with investigating industrial chemical accidents has accused two BP partners of “hands-on manipulation” of evidence in the Gulf oil spill. The US Chemical Safety Board has asked for a halt to testing of the blowout preventer involved in the Deepwater Horizon explosion, saying that employees of Cameron International [...]
