Kenneth Feinberg says the Gulf Coast Claims Facility has paid out $ 3.8 billion of a $ 20-billion fund and was “doing what’s Intended.” Residents say the Process has been Slow, baffling and unfair.
The administrator or BP’s $ 20-billion restitution fund Defended His Work Monday, noting he HAS That Already approved 300,000 claims for residents and businesses, paying out a total of $ 3.8 billion and counting. Read more
BP Plc is 7.8 billion U.S. dollars to exchange shares of OAO Rosneft will replace almost all the reserves it sold to the Gulf of Mexico spill pay less than half the price.
Rosneft the market value of the prices for its oil and gas reserves at $ 5.33 per barrel, the lowest quarter of the worlds largest oil producers, data compiled by Bloomberg show. This is 60 percent below the $ 13.20 average price BP received for fields last year sold 1.7 billion containers business, according to the bank DnB NOR ASA. After the deal, BP Company represent approximately 10.8 percent Rosneft 1.6 billion barrels of proven reserves. Read more
Halliburton Co. and Anadarko Petroleum Corp. fell today after a U.S. panel study of the Gulf of Mexico oil spill dimmed hopes that companies would be able to liability for a BP Plc well that exploded and killed 11 workers in April to escape.
Houston-based Halliburton fell $ 1.20 or 3 percent, to $ 38.22 at 4:21 p.m. on the New York Stock Exchange composite trading. The shares fell as low as $ 37.68. Anadarko, based in The Woodlands, Texas, dropped 2.4 percent to $ 74.46. Since the spill, the companies better than BP and Transocean Ltd, which harness the Macondo estate ownership.
Poor decisions by the London-based BP and its contractors, Halliburton and Transocean, coupled with lax government oversight caused the largest U.S. offshore oil spill, the National Commission for the BP Deepwater Horizon Oil Spill said yesterday. Anadarko has a 25 percent stake in the well-Macondo. Read more
One of the most controversial tactics used against the Gulf of Mexico this summer oil spill – the construction of large sand islands off the coast of Louisiana – managed to only stop a “minuscule” amount of oil, according to a draft report by a presidential commission .
The report, released Thursday is the latest in a series of findings from the staff of the committee empaneled to investigate the spill response.
In this report, officers found that the “sand berms” – that Louisiana officials had touted as a vital shield against the spill – only caught about 1,000 barrels of oil from the approximately 5 million barrels spilled. Read more
BP is the commissioning of a feature film about the Deepwater Horizon oil disaster – but the company says it is not intended to scrub her clean reputation.
Generally reviled for his role in the ecological disaster in the Gulf of Mexico this year, the company quietly responded with short Web videos that the myriad ways to react to the leak appeared. The videos were produced by World Television, the same corporate video company based in London, which operates on the job longer.
“They have a film of the spill to make in the first place for an internal audience as an archive of a momentous event in the history of the company (not affected as by the tragedy and its aftermath),” Robert Wine, a BP spokesman, said in an e-mail. Read more
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