BP oil spill

Latest News
4:36 pm
Fri October 3, 2014

Louisiana Receives $340 Million From BP For Coastal Restoration

Louisiana will receive $340 million dollars from oil giant BP for coastal restoration projects in the state. The payout was given final approval Friday by BP’s trustees.
NWFblogs Flickr

Louisiana will receive $340 million from oil giant BP for coastal restoration projects in the state.

The payout was given final approval today by BP’s trustees.

The oil company must pay for damages caused by the 2010 Deepwater Horizon oil spill, under the rules of the Natural Resource Damage Assessment program.

Louisiana plans to use the money for “outer coast restoration,” including rebuilding barrier islands in the state.

Beach, dune, and marsh habitat creation projects are planned for four islands in the state, including Whiskey Island and Shell Island.

Latest News
7:37 am
Fri October 3, 2014

Delay Granted For Former BP Executive Accused of Obstruction Over Oil Spill

A former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill has gotten a delay in his case.

David Rainey's court arraignment, originally set for this week, was re-scheduled for December 3 by a federal magistrate judge in New Orleans Thursday.

Rainey faces charges of obstruction of Congress and false statements. He currently is set for trial March 9. He has pleaded not guilty.

Latest News
3:03 pm
Wed September 24, 2014

Businesses Won't Have To Return BP Spill Payouts

A federal judge says BP must stick by an agreement with companies that got payouts after claiming the 2010 Gulf oil spill hurt their businesses.
kris krüg Wikimedia

BP wanted its money back — hundreds of millions of dollars of it — but a federal judge says the oil giant must stick by an agreement with companies that got payouts after claiming the 2010 Gulf oil spill hurt their business.

BP argued Wednesday that a flawed funding formula in the settlement is giving money to businesses for questionable claims, and they should be forced to return it.

But U.S. District Judge Carl Barbier says a deal is a deal. Barbier had ordered the formula changed several weeks ago

Latest News
7:49 am
Wed September 24, 2014

BP Asking Federal Court To Approve Refunds Of Fraudulent Claims

BP will be asking a federal judge in New Orleans today to approve refunding some settlement payments over the 2010 oil spill.

The company says hundreds of millions of dollars should be returned from some businesses that received payments between August 2012 to October of last year.

BP says it's fair because Judge Carl Barbier found the formula used at that time was incorrect, and ordered a change.

Opposing attorneys say BP is trying to get out of its obligations. They say the release plaintiffs sign to get a settlement payment is a binding agreement for both sides.

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Latest News
7:41 am
Fri September 19, 2014

Federal Appeals Court Says Safety Board Can Investigate Transocean

A federal appeals court in New Orleans says a federal safety board has the right to investigate the role of Transocean in the 2010 Gulf of Mexico oil disaster.

Transocean owned the Deepwater Horizon rig that was drilling for BP. 

The company challenged the authority of the U.S. Chemical Safety and Hazard Investigation Board to do the investigation.

In a 2-1 decision yesterday, the 5th U.S. Circuit Court of Appeals upheld a lower court's ruling that the board could investigate.

The safety board's investigation continued during the appeal. 

Coastal Desk
1:26 pm
Tue September 16, 2014

BP Lawyers Use Old-School Trick; Judge Not Amused

U.S. District Court Judge Carl Barbier ruled nearly two weeks ago that BP acted recklessly in the 2010 Deepwater Horizon rig accident and oil spill.
Alastair Grant AP

Originally published on Wed September 17, 2014 12:04 am

Back in school, did you ever fudge the spacing on a report to meet the teacher's page-length requirement? Lawyers representing oil company BP tried something similar in a recent court filing connected to the company's 2010 drilling rig accident and oil spill in the Gulf of Mexico.

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WRKF
3:01 am
Fri September 12, 2014

Despite Latest BP Spill Ruling, Deepwater Drilling in the Gulf Still Worth It

Originally published on Fri September 12, 2014 5:32 am

BP was to blame — that was U.S. District Judge Carl Barbier’s ruling a week ago in the case over the Macondo well disaster. The judge found Transocean, which was operating the Deepwater Horizon rig in 2010, and cement contractor Haliburton at fault too. But Barbier said BP was guilty of “gross negligence”. And that could mean that payouts by BP balloon to $50 billion or more ultimately.

Dr. Jim Richardson, professor of public administration and economics at LSU explains some of the business implications.


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Coastal Desk
11:07 am
Wed September 10, 2014

Ruling In BP Civil Case Sets The Stage With Potential Additional Funds For Coastal Restoration

The Deepwater Horizon offshore drilling unit on fire.
Credit United States Coast Guard / Wikimedia Commons

With a ruling finally in on the civil action suit against BP, both sides are looking ahead to what’s next. BP plans to appeal the decision, and plaintiffs are hoping to see some more money flowing from the oil giant to coastal restoration projects.

The ballroom of a New Orleans Hilton was packed with reporters in town for the Society of Environmental Journalists conference recently.

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Latest News
7:29 am
Fri September 5, 2014

BP May Face Tough Appeals Process

BP will be appealing a federal judge’s finding that it acted with gross negligence for its 2010 oil spill in the Gulf of Mexico. Some legal experts say the oil company will have a tough time in the appellate process.

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Latest News
9:59 am
Thu September 4, 2014

BP Acted With Gross Negligence In Gulf Oil Spill, Federal Judge Rules

Originally published on Thu September 4, 2014 11:31 am

In a long-awaited ruling, a federal judge on Thursday said BP acted with gross negligence in relation to the 2010 Deepwater Horizon oil rig explosion and consequent oil spill.

The decision could cost the British oil giant billions of dollars. Bloomberg reports:

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