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BP, US Justice Department mull settlement prior to Deepwater Horizon trial
2013-02-25 01:00:00| Offshore Technology
British multinational oil and gas company BP and the US Justice Department were reported to have made an effort on Sunday to strike a last-minute settlement, to avoid a court trial over the devastating Deepwater Horizon disaster of 2010, which is sch
Tags: prior
department
trial
justice
Aegir Deepwater Construction Vessel (DCV)
2013-02-25 01:00:00| Ship Technology
Aegir is a deepwater construction vessel (DCV) scheduled to start operations in the fourth quarter of 2013. The state-of-the-art mono hull vessel will be capable of executing complex deep water infrastructure and pipeline projects in ultra deepwater
Tags: construction
vessel
deepwater
vessel construction
BP and Justice Department try for deal ahead of Deepwater Horizon trial
2013-02-24 19:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The US Justice Department and BP were engaged Sunday in efforts to forge a last-minute deal to avert a trial over 2010's deadly Deepwater Horizon disaster, set to begin in New Orleans on Monday. Over the weekend it was reported that the Justice Department and Gulf states were prepared to offer BP a $16bn deal to settle civil claims related to the fatal oil rig fire that cost 11 lives and triggered the largest oil spill in US history. But such a deal is at the high end of legal forecasts and...
Tags: department
deal
trial
ahead
US government mulls $16bn plea deal for BP over Deepwater - report
2013-02-23 18:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The US government and Gulf Coast states are reportedly considering offering BP Plc a deal under which the company will pay $16bn to settle civil suits stemming from the 2010 Deepwater Horizon disaster. The deal would cover the company's potential penalties under the Clean Water Act and payments under the natural resources damage assessment, the Wall Street Journal said, citing sources familiar with the discussions. It was unclear if the deal had been formally offered to BP; both the company and...
Tags: report
government
deal
plea
Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn
2013-02-20 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: BP has shaved $3.4bn off the maximum fine for the 2010 Gulf of Mexico oil disaster. A court order, handed down by a judge in New Orleans, means BP will no longer be liable for a maximum of $21bn in fines at next week's civil trial after a judge ruled the oil company would not have to pay for 810,000 barrels of oil collected at the source of the broken well. The oil company had been facing up to $21bn in fines in the civil case, based on the amount of oil that gushed into the Gulf following...
Tags: department
fine
deal
justice
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