Oil – Bloomberg reported that a BP Plc official who was tasked to oversee operations at the Macondo well said the Deepwater Horizon crew did not raise safety concerns during a meeting a month prior to the spill.
Oil – Bloomberg reported that the court has dismissed Cameron International Corp from all claims stemming from BP’s 2010 Gulf of Mexico oil spill saying there was no sufficient evidence that could prove the company was at fault.
Oil – Bloomberg reported that a company witness for Transocean Ltd said the Deepwater Horizon rig was well maintained prior to the blowout of a BP Plc well that triggered the biggest US offshore oil spill.
Oil – Bloomberg reported that BP Plc has asked US District Judge Carl Barbier to stop some payments under the $8.5B oil spill settlement saying that the administrator is misinterpreting damage claims thus exposing the company to hundreds of millions of dollars worth of fictitious losses.
Oil – Bloomberg reported that a key witness in the BP oil spill trial said the company’s report did not mention a key safety test the night the blast occurred.
Oil – Bloomberg reported that BP Plc won a bid to access the $750M insurance of Transocean Ltd to pay the costs of the 2010 oil spill in the Gulf of Mexico.
Oil – Reuters reported that the United States government and the Gulf Coast states might offer BP Plc a deal wherein it will pay $16B to settle civil lawsuits which stemmed from the 2010 Deepwater Horizon oil spill.
Oil – The U.S. Environmental Protection Agency announced on Nov. 28 that it has temporarily suspended BP from bidding on any new U.S. government contracts, citing the energy group’s “lack of business integrity” in regards to the Deepwater Horizon explosion.
Oil – BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon catastrophe that caused the country's worst oil spill in history, the company said on Thursday.
Oil – A brief look at 3 oil exploration hotspots, all of which have already produced multi-billion barrel finds of recoverable crude in the last few years, and that may still hold much more.
Get our independent commentary on resource trends and companies delivered to your inbox.
