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Tag Archives: BP

BP says Whiting refinery still in production after fire

Reuters HOUSTON – BP Plc <BP.L> said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. One worker was taken to an area hospital for treatment, but was later released, the company said. BP said operations at the 413,500 barrel ...

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Monroe County gets $913,000 in initial BP damages money

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Kevin Wadlow | Florida Keys Keynoter (Marathon, Fla.) A Deepwater Horizon settlement allocates a $913,728 slice for Monroe County. The settlement comes from $1 billion in civil fines levied against Transocean Deepwater Inc., which owned the BP oil rig that exploded and collapsed in 2010 in the Gulf of Mexico, killing 11 men and leading to the largest oil spill in ...

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The harsh reality of BP’s closed claims program

Marissa Hall | Shale Plays Media When BP closed its internal claims program in June, the company left many people affected by the Deepwater Horizon spill in 2010 in a lurch. The program, which offered the opportunity for people to seek financial reimbursement after the disaster without participating in the larger lawsuit against the company, had supposedly fulfilled 99 percent ...

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Was the Deepwater Horizon spill actually a job stimulus?

Marissa Hall | Shale Plays Media Contrary to popular belief, economist Joseph Aldy says that the Deepwater Horizon spill didn’t suddenly boost unemployment claims in Louisiana from offshore rig workers. Aldy, formal special assistant to President Obama and current professor at Harvard Kennedy School, says that the greatest job losses came from the tourist industry along the Florida panhandle coast. ...

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BP to sell its San Juan Basin assets

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James Fenton | The Daily Times (Farmington, N.M.) FARMINGTON — BP America Production Company is placing its San Juan Basin South assets up for sale, which puts at least 120 jobs at risk. The assets include about 2,200 operated and 4,400 non-operated natural gas wells throughout nearly 2,500 square miles in the southern San Juan Basin, and its interest in the ...

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BP has yet to pay up for plaintiffs’ lawyer fees

Marissa Hall | Shale Plays Media As the trial against BP following the Deepwater Horizon disaster in 2010 prepares to move forward, legal fees have become a hot topic. This week a federal court ruled that the U.S. government is responsible for paying over $800,000 of the overall cost to prepare the plaintiffs’ case. According to an article by Miriam ...

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Parnell: Time for oil companies to ‘put their money where their mouth is’

Alex Demarban | Anchorage Daily News With his landmark tax legislation expected to survive Tuesday night’s vote, Gov. Sean Parnell says it’s now time for the oil industry to increase its investment in oil field projects that create jobs for Alaskans. As soon as he saw Senate Bill 21, or the More Alaska Production Act, was winning decisively Wednesday morning, ...

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