Search Results for: gulf+of+mexico+oil+spill
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Top Women in Oil to $ 225 billion plan as a key Petrobras Chief
Maria das Gracas Foster, the first woman appointed as one of the world’s top five oil companies run, the industry’s largest investment plan with Petroleo Brasileiro SA’s $ 225 billion proposal to more than double its capacity by the end of the decade . Petrobras, as the world’s fifth largest oil producer by market value is known, yesterday announced the decision to promote Foster’s chief executive officer resigned after Jose Sergio Gabrielli to a career in politics to pursue. A 34-year veteran of the Rio de Janeiro-based company, Foster is currently the natural gas and power division, the fastest growing region Petrobras last year. (more…)
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BP gets $ 250 million settlement
Blow-out company BP pays £ 160m for Gulf oil spill. BP receives a $ 250m (£ 161m) payment of Cameron International, a contractor on the Macondo well, in settlement of their dispute over liability for the Gulf of Mexico oil spill. Cameron made the blow-out preventer, which proved ineffective in the Deepwater Horizon rig. This is the fourth office BP has made a partner in the project. (more…)
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Security seemed an afterthought before the BP oil spill
In the years preceding last year’s Deepwater Horizon explosion in the Gulf of Mexico, the oil industry and federal regulators put the first exploration and production, according to an independent report. The petroleum industry and federal regulators more focused on exploration and production over safety in the years preceding the 2010 Gulf of Mexico oil spill, which set the stage for the worst offshore environmental disaster in U.S. history, according to a new independent report the National Academy of Engineering and the National Research Council. (more…)
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Return to Gulf: Grabs Big Oil Leases
First auction of Deep-Water Blocks Since BP Disaster draws $ 337.6 million in winning bids. The oil and gas industry took a step from the shadow of the Deepwater Horizon disaster on Wednesday when federal officials unsealed more than $ 330 million in winning bids for drilling leases in the Gulf of Mexico, the first is offered since the fatal accident in April 2010. Approximately 21 million acres of federal waters, an area roughly the size of South Carolina, stretching hundreds of miles off the Texas coast were discussed. The auction attracted $ 337.6 million in winning bids for the 191 available blocks that could eventually lead to more than 400 million barrels of oil production. (more…)
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USF receives $ 11 million in grant funding from BP spill research
Eighteen months after the worst oil spills in the Gulf of Mexico, researchers from the University of South Florida in St. Petersburg studying the effects of the deep water blowout with the help of a $ 11 million grant.
Their research aims to determine how the Gulf is recovering along with the marine life is adjusting after the BP disaster. “Traditionally, oil spills only affect the surface, making it a two-dimensional phenomenon, chemical oceanographer David Hollander said. (more…)