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Tag Archives: Macondo well

BP settlement money flows to governments in far-flung places

BATON ROUGE, La. — Clusters of landlocked municipalities more than 100 miles from the Gulf Coast have secured millions of dollars in BP money through settlements designed to compensate local governments for lost tourism dollars and other economic damage from the company’s 2010 oil spill, according to records obtained by The Associated Press. This week, BP finished making approximately $687.4 ...

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Shrimpers decry low prices, damage caused by shrimp imports

NEW ORLEANS — Dozens of Louisiana shrimpers — ranging from Vietnamese-Americans to Cajun fishermen — rallied Wednesday in downtown New Orleans to bewail low prices, farm-raised shrimp imports and other woes in their industry. Shrimpers spoke out at a meeting of the Gulf of Mexico Fishery Management Council, a body of industry and government representatives that regulates fishing in the ...

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Editorial: Don’t squander oil spill settlement funds

Horrible things happened on April 20, 2010, deep in the Gulf of Mexico. International oil giant BP made huge blunders that led to a catastrophic and deadly failure we now know as the Deepwater Horizon Macondo oil drilling disaster. Last week, the company agreed to an approximately $19 billion settlement with Southern states whose shorelines were affected by the spill. ...

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Texas payout announced for BP oil spill damage claim

BP is anticipated to pay the largest settlement from a single entity ($18.7 billion) in American history for its April 20, 2010 rig explosion in the Gulf of Mexico. Of that staggering amount, numerous states and surrounding local governments are being compensated for damage claims, including Texas. Texas will receive $788 million, according to a recent report from the Associated ...

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Timeline – BP oil spill, litigation at a glance

BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. The following is a timeline of key events: * April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil ...

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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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5 years after BP spill, drillers push into riskier depths

GULF OF MEXICO — Five years after the nation’s worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new frontier, miles below the bottom of the Gulf, requires engineering feats far beyond those used at BP’s much shallower Macondo ...

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