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Tag Archives: gulf of mexico oil spill

Slidell man pleads guilty in oil spill claims case

NEW ORLEANS — A 48-year-old Slidell man has pleaded guilty to wire fraud relating to an application for financial help in the aftermath of the BP oil spill in the Gulf of Mexico. U.S. Attorney Kenneth A. Polite says Ronald Backes entered the plea Wednesday before U.S. District Judge Ivan L.R. Lemelle, who set sentencing for Aug. 19. Backes faces ...

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As final fine decision looms, BP argues for $2 billion cap

In the immediate months after the Deepwater Horizon accident in 2010, BP maintained that it would take responsibility for the incident and pay whatever fines came with it. Now, however, that doesn’t seem to ring true for the company. In its final filing with the federal court, BP argued that any fine greater than $2 billion—just 15 percent of the ...

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BP is preparing to stave off a takeover

If there was one thing guaranteed to follow low oil prices (other than the loss of thousands of jobs) it was mergers and acquisitions. This has certainly rung true as companies consolidate their portfolios or use their war chests to snap up competitors while prices are down. The recent deal between Royal Dutch Shell and BG Group has many expecting ...

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$134M proposed for 10 BP-funded oil spill recovery projects

JACKSON, Miss. — State and federal officials overseeing $1 billion provided by BP PLC to spur recovery from the 2010 Gulf of Mexico oil spill said Monday that they’re proposing another 10 projects totaling $134 million. About $700 million to repair environmental damage and enhance recreational access has been allocated previously, although some of that work has yet to begin. ...

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Restoration projects in $137 million preliminary agreement

JACKSON, Miss. — Here’s a look at 10 projects given preliminarily approval to share in $134 million in funding from BP PLC’s $1 billion set-aside dedicated to recovery from its 2010 oil spill in the Gulf of Mexico: GULFWIDE $45 million: Sea turtle restoration mainly in Texas and Mexico, including at Padre Island National Seashore. $20 million: Pelagic longline bycatch ...

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Core samples show parallel between Deepwater Horizon and 1979 spill that also used dispersant

After the offshore rig sank into the sea, the oil flowed for months before anyone could stop it. Millions of gallons of crude tainted the Gulf of Mexico. To try to dissipate it before it reached shore, the rig’s owner sprayed an unprecedented amount of chemical dispersant on the slick. That’s what happened with the Deepwater Horizon disaster that began ...

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Work remains 5 years after BP Deepwater Horizon disaster

PANAMA CITY BEACH – Immediately following the 2010 Deepwater Horizon oil spill, Julie Wraithmill wondered if future generations would be able to swim in the Gulf of Mexico’s waters. Now, five years following the disaster, she hopes they won’t be shaking their heads at missed restoration opportunities. “It’s a very big responsibility; we have to do right by the Gulf,” ...

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