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Tag Archives: Carl Barbier

Judge: BP not to pay oil industry losses from moratorium

Judge: BP not to pay oil industry losses from moratorium

NEW ORLEANS (AP) — A federal judge ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill in the Gulf of Mexico. U.S. District Judge Carl Barbier in New Orleans issued his ruling late Thursday. The Obama administration imposed ...

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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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A series of settlements in 2010 Gulf oil spill

NEW ORLEANS — A committee of lawyers representing businesses and individuals claiming damages from the 2010 Gulf of Mexico oil spill announced a $211 million settlement Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig. In a separate development, oil giant BP — which leased the rig from Transocean — reached settlements resolving years of complicated spill-related ...

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Claims administrator in oil spill case gets subpoena power

NEW ORLEANS — The administrator of claims arising from a settlement over economic damages caused by the 2010 BP oil spill has been granted subpoena power. U.S. District Judge Carl Barbier (BAHR’-bee-aye) on Wednesday granted a motion seeking subpoena power by administrator Patrick Juneau. Juneau filed the motion last week. It noted that the power to investigate possibly fraudulent claims ...

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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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Five years after BP spill, new rules for offshore drilling aim to boost safety

There aren’t many issues on which government regulators, oil industry experts and environmentalists can all agree, but five years after the BP gulf oil spill, many say offshore drilling operations are safer — although there is debate over whether ocean drilling should be expanded. On April 20, 2010, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, killing ...

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