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Deepwater Horizon safety was a shared effort, says BP executive

2013-02-27 02:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Safety at the Deepwater Horizon rig was a shared effort, one of BP's top executives told a court on the second day of the trial over the 2010 disaster. Lamar McKay, BP's US president at the time, is the most senior oil executive yet to testify in court about the fire that killed 11 men and triggered the worst oil spill in US history. McKay was giving evidence on Tuesday in a case brought by the US justice department, five gulf states affected by the spill and lawyers representing businesses...

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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

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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...

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Horizon North Logistics Declares Quarterly Dividend of $0.06

2013-02-21 04:37:46| Apparel - Topix.net

Horizon North Logistics announced a quarterly dividend on Wednesday, February 20th.

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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...

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