Oil spill update: BP announces Gulf claims payments over $200 millionCharisse Van Horn
Oil Spill Business Interruption Claims Historically, oil spills devastate the local economy, eliminating entire sectors of industry or driving away customers for years. When an oil spill results from negligence, proprietors have the right to pursue those at fault for their losses. ...
Thursday was a great day in trading for BP oil stocks, but it was another day of immense political pressure for the oil company. BP conceded to some government demands to speed up payment of damages claims in the Gulf coast region. From the U.K., British business interests showed their...
Oil Pollution Act of 1990 (OPA) Oil Spill Academic Task Force Oil Spill Claims Oil Spill Emergency Response and Cleanup Training Oil Spill Health Related Information Oil Spill Response Website Report an Oil Spill Tracking the Oil Spill U.S. Department of the Interior ...
I’ve just had a meeting with these governors, members of Congress, local officials, as well as Admiral Thad Allen, the National Incident Commander in charge of response efforts to the BP oil spill. Admiral Allen gave us an update, the latest information on both the efforts to plug the ...
BP Oil Spill Claims (Deepwater Horizon) The Largest Oil Spill in US History The BP Oil Spill of 2010 was devastating to our local economy. Considered to be the largest accidental oil spill in the history of our country, more than 150 gallons of oil were released into the Gulf of Mexico...
NEW ORLEANSBP PLC is being forced to pay inflated and even "fictitious" claims to businesses because of the way a court-appointed administrator is making payments from a legal settlement following the 2010 oil spill in the Gulf of Mexico, an attorney for the oil giant said Monday. ...
The incremental investment to 2025 will target shorter-term, fast-payback projects that maximise value and can deliver rapidly, with minimal new infrastructure. While bp will continue to high-grade its global oil and gas portfolio, due to improving operational reliability and commerciality over the...
Locals thought it was hard getting money out of the oil giant—until they had to deal with the government. Rick Outzen on the Gulf’s cash flow crisis—and anger with the federal “claims czar.”
Bloomberg reported today that BP Plc paid more than $5 billion to 204,434 claimants in the past year from the fund created to compensate victims from the 2010 Gulf of Mexico oil spill. The claims facility draws on more than $20 billion set aside by BP after the oil spill. In total BP...