Feinberg Expects to Pay Out Only One-Fifth of Total BP Claims Fund

By: Wednesday June 1, 2011 1:16 pm

This is a couple days old, but given the attention we paid last year to the BP oil disaster, I couldn’t let it slip by. From the Telegraph (UK): The lawyer in charge of BP’s $20bn (£12bn) compensation fund is starting to wind down his operations in the Gulf Coast with just a fifth of [...]

BREAKING: CEO Takes Responsibility for Actions of His Company

By: Friday May 20, 2011 1:50 pm

Masataka Shimizu, the head of the Japanese utility TEPCO, resigned today after the nuclear accident in the wake of the earthquake and tsunami that hit the country in March. Workers are still trying, with varying degrees of success, to get the Fukushima Daiichi nuclear plant under control. “I take responsibility for this accident, which has [...]

BP Sues Other Deepwater Horizon Rig Contractors

By: Thursday April 21, 2011 7:40 am

In addition to being the anniversary of the BP oil disaster, yesterday was a deadline of sorts for lawsuits in the incident to be filed. And BP got theirs in under the wire. BP on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner [...]

The BP Oil Disaster, One Year Later

By: Wednesday April 20, 2011 1:31 pm

On April 20, 2010, the Deepwater Horizon rig off the coast of Louisiana exploded, causing an oil gusher which spewed over 205 million gallons of oil and 225,000 tons of methane into the Gulf of Mexico. In the ensuing months, a lot of time and money has been invested in selling the idea that the [...]

It Takes Al Jazeera to Report on BP Oil Spill Sickness

By: Friday March 11, 2011 8:40 am

I’ve heard the American media described accurately at a bunch of 7 year-olds at a youth soccer game. There’s nothing strategic about the game; all the kids chase the soccer ball in a pack. I thought of that when I read a story about enduring sickness in the Gulf of Mexico. It didn’t come from [...]

US Approves First Gulf Deepwater Well – And BP Is the Majority Owner

By: Tuesday March 1, 2011 1:00 pm

The Obama Administration approved the first deepwater drilling well permit for the Gulf of Mexico, 11 months after the BP oil disaster. The Bureau of Ocean Energy Management, Regulation and Enforcement announced Monday that it issued a permit to Noble Energy Inc. to continue work on its Santiago well about 70 miles southeast of Venice, [...]

Oil Spill Commission Releases Report, Recommendations

By: Tuesday January 11, 2011 9:28 am

The Presidential Oil Spill Commission has released their final report on the BP disaster in the Gulf of Mexico. The essential conclusion, if you don’t have the time to read the whole 396-page report, was this: The blowout was not the product of a series of aberrational decisions made by rogue industry or government officials [...]

Meet Your New GOP Chairmen: Ralph Hall

By: Monday December 27, 2010 12:24 pm

Ralph Hall (R-TX) is the unassuming new chairman of the House Science and Technology Committee. Like many Americans these days, Hall considers the pinnacle of American advancement in science and technology to be ‘splosions. There’s no way to read his praise of the BP oil spill – that’s not a typo, I wrote “praise” – [...]

BP Challenges Oil Spill Amount In An Attempt to Reduce Cost of Fines

By: Monday December 6, 2010 7:38 am

BP is aggressively challenging the government’s estimate of the oil spill in the Gulf, because that final number will determine how much they’ll owe in fines: BP’s lawyers are arguing that the government overstated the spill by 20 to 50 percent, staffers working for the presidential oil spill commission said Friday. In a 10-page document [...]

White House Reverses Course, Will Ban Offshore Drilling in Eastern Gulf and Atlantic

By: Thursday December 2, 2010 6:23 am

The White House has reversed their position on offshore drilling, opting not to expand on exploration in the Eastern Gulf of Mexico and the Atlantic Coast, closing off millions of acres. Interior Secretary Ken Salazar, who made the announcement, said that the BP oil spill taught them the need to create a more robust regulatory [...]

Halliburton Knew About Cement Problems at BP Well

By: Friday October 29, 2010 6:27 am

If there’s one thing Halliburton doesn’t need, it’s a blow to their reputation. They had such a sterling record up to now! Halliburton knew weeks before the fatal explosion of the Macondo well in the Gulf of Mexico that the cement mixture they planned to use to seal the bottom of the well was unstable [...]

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