BP Plc can not collect from Transocean Ltd. part of the $ 40 billion clean-up costs and economic damage caused by the 2010 oil well blowout and spill the Gulf of Mexico, a judge ruled, sending shares higher Transocean. BP to Transocean for pollution-related economic damage claims arising from its drilling contract to indemnify, U.S. District Judge Carl Barbier in New Orleans ruled yesterday. London-based BP sued Transocean in April, a part of his damages and costs to repair the leak. Read more
BP, running weeks behind schedule and tens of millions of dollars on the budget in an attempt to troubled Macondo good finish in the Gulf of Mexico, took many shortcuts that have contributed to the disastrous explosion and oil spill last year, federal investigators concluded In a report released on Wednesday.
The central cause of the explosion aboard the rig Deepwater Horizon was a failure of the cement at the foot of the 18,000-foot well that was supposed to oil and gas in the well bore contain. This led to a cascade of human and mechanical errors that allowed gas under tremendous pressure to shoot at the drilling platform, causing an explosion and fire that 11 of the 126 crew members slain, causing an oil spill that took 87 days to control get. Read more
Exxon Mobil Corp. Recognized under political pressure Monday, which is the scope of its pipeline leaks in the Yellowstone River can extend well beyond a 10-mile stretch of the famous waterway.
Because the company intensified its clearing tens of thousands of gallons of crude spilled Pipeline Co.., Exxon Mobil. Gary Pruessing president promised to do “what is necessary” to search and mop oil from the 12-inch pipeline at the bottom of the river that broke over the weekend. Read more
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. Read more
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. Read more
The fire alarm at oil rig Deepwater Horizon was partially disabled before the explosion that the catastrophic oil spill in the Gulf of Mexico, one rig worker caused testified Friday. The rig’s chief electronics technician told a federal panel that general alarm system of the Horizon system, which was deliberately set in “inhibited” mode, so that sirens would not wake the sleeping crew in the middle of the night. (more…)
Massey Energy Co. (MEE.N), which has been criticized for its safety record, called Wednesday for investigation of the explosion of last month that 29 miners slain by a Massey-owned mine will be held in public. “Massey strongly the principle that research on the upper main branch incident supports independent, honest and aggressive,” he said in a statement. (more…)
The federal government on Monday extended for six months a moratorium on new uranium mining claims in the one million acre buffer zone around the Grand Canyon as it awaits the findings of a study of the potential environmental damage to the region.
Green
Interior Secretary Ken Salazar said expanded uranium mining around the canyon were water supply, air quality, wildlife, desert vegetation and landscape threaten priceless. Once lost, Mr. Salazar said, these assets can never be recovered. (more…)
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