Search Results for: fine+per+barrel+of+oil+spilled
-
BP calls fine can not be based on the total spillage
The mind wants to sanction the day and did not run barrels leaked. BP says that the U.S. Government related to any criminal penalties for Gulf oil spill last year, calculate how many days the well flowed Macondo, not on how many barrels of crude oil leaked.
In court filings Tuesday, the oil giant responded to a lawsuit filed in December by the Ministry of Justice that civil environmental penalties based on an estimated 4.1 million barrels of oil in the Gulf spilled after the explosion and sinking of the Deepwater Horizon rig target April 20, 2010, killing 11 workers. (more…)
-
BP Reinstates Dividend, will sell two U.S. refineries
BP Plc, Europe’s second largest oil company’s, restored the dividend and will sell two U.S. refineries as it recovers from the Gulf of Mexico spilled. BP will pay a dividend of 7 cents per share payable for the last three months of 2010, half the level before the spill, after canceling the payment for the first three quarters. It plans to dispose of its Texas City refinery and Carson.
Chief Executive Officer Robert Dudley is making the company “smaller” and “more agile” after the worst spill in U.S. history that his predecessor Tony Hayward cost his job. The company has already slimmed down by selling $ 22 billion of assets and agreed to an $ 8 billion of stock to be exchanged with OAO Rosneft to improve access to untapped reserves in the Russian Arctic Kara Sea to get. (more…)
-
Crude oil rose for the first time in five days after Decline Draws Investors
Oil rose for the first time in five days in New York as the dollar declined and some investors believe that the decline of crude oil to almost the lowest in nearly three weeks made it attractive to buy.Futures lost 3.7 percent last week, the biggest decline since the week ending August 13, after Enbridge Energy Partners LP began with a U.S. pipeline that sends Canadian oil to refineries in the Midwest. Prices rose today as the U.S. currency has a portion of its profits September 17, increasing the appeal of commodities as alternative investments. (more…)
-
BP Oil Company: Now Come the Fine
After months of technical setbacks, embattled BP (NYSE: BP – News) in early August was finally on the verge of capping its runaway Macondo well, the source of the largest oil spill in U.S. history. Even as the center of the oil giant shifts toward the massive reorganization of the Gulf of Mexico, now faces costly civil fines it faces as a result of the disaster. (more…) -
Enbridge gets about two-thirds of the oil spilled from Michigan Pipeline
Enbridge Inc., which most of the oil imported into the U.S. from Canada performs, said about two-third of the crude oil spilled from a ruptured pipeline in Michigan has been recovered. Enbridge estimated 13,000 barrels of oil from the 19,500 barrels that spilled was recovered, Steve Wuori, executive vice president of Enbridge Liquids Pipelines, said today during a conference call. The oil leaked from a 26-07 break in the line 6B, a 30-inch pipeline owned by Enbridge Energy Partners LP. The oil flowed before the Tallmadge Creek joins the river Kalamazoo, coating birds and muskrats and turtles in an oily residue. (more…)