Tag: oil spill

BP will pay $18.7B for Deepwater Horizon oil spill [VIDEO]

The Gulf Coast states and the federal government have reached a tentative settlement with BP for the British oil company to pay $18.7 billion over 18 years, to compensate for damages from the 2010 Deepwater Horizon oil spill, state officials said Thursday. β€œThis is a landmark settlement,” Gov. Robert Bentley of Alabama said. β€œIt is…

Oil Spill Off California Coastline [VIDEO]

The U.S. Coast Guard launched an emergency cleanup off the coast of Santa Barbara, California, where a pipeline leaked 21,000 gallons of oil into the Pacific Ocean on Tuesday. The Coast Guard reported an oil slick on around four miles of beach and 50 yards into the ocean. Officials said winds could carry the oil…

U.S. Agrees to Allow BP Back Into Gulf Waters to Seek Oil

Four years after the Deepwater Horizon rig explosion, BP is being welcomed back to seek new oil leases in the Gulf of Mexico. An agreement on Thursday with the Environmental Protection Agency lifts a 2012 ban that was imposed after the agency concluded that BP had not fully corrected problems that led to the well…

Oil Spill Closes Mississippi Ports

The Coast Guard says a 65-mile stretch of the Mississippi River is closed until further notice while crews clean up oil from a barge that hit a towboat between Baton Rouge and New Orleans. The collision happened Saturday afternoon near Vacherie (VASH-uh-ree), 47 miles west of New Orleans. In nearby St. Charles Parish, officials say…

BP Gulf Of Mexico Fund Running Out Of Cash

BP’s compensation fund that it set up to pay claims related to the Gulf of Mexico oil spill is running out of cash. The oil giant announced that the fund, which originally had $20bn, has just $300m left. The deadline for business to claim loss of earnings due to the spill is not until April…

Exxon Oil Spill Cleanup Ongoing In Arkansas, Pipeline Shut

Exxon Oil Spill Cleanup Ongoing In Arkansas, Pipeline Shut

Exxon oil spill cleanup ongoing in Arkansas, pipeline shut Exxon Mobil continued efforts on Monday to clean up thousands of barrels of heavy Canadian crude oil spilled from a near 65-year-old pipeline in Arkansas, as a debate raged about the safety of transporting rising volumes of the fuel into the United States. The Pegasus pipeline,…

BP To Pay Record $4 Billion In Damages For Role In Oil Spill Disaster

BP will pay an unprecedented $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Gulf of Mexico oil spill disaster. A US judge approved the agreement Tuesday. BP is pleading guilty to charges relating to the 11 workers’ deaths and for lying to Congress about…