Posts Tagged ‘ Gulf of Mexico ’

BP Agrees to Settle Deepwater Horizon Claims for $18.7 Billion

Jul 4th, 2015 | By
BP Agrees to Settle Deepwater Horizon Claims for $18.7 Billion

BP announced July 2, 2015 that its United States Upstream subsidiary has executed agreements with the U.S. federal government and five U.S. Gulf Coast states to resolve claims made by federal, state, and more than 400 local government entities. In the agreement, BP has committed to paying up to US$ 18.7 billion spread over 18 years. Settlement terms are as follows:



Download the Macondo Well Investigation Report

Nov 30th, 2011 | By
Download the Macondo Well Investigation Report

Failure of a cement barrier in the production casing string was identified as a central cause of the 2010 Gulf of Mexico oil spill, according to the Report Regarding the Cause of the April 20, 2010 Macondo Well Blowout released by the U.S. Department of the Interior, Bureau of Ocean Energy Management, Regulation and Enforcement
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Deepwater Drilling: Oil Spill Response

May 26th, 2011 | By
Deepwater Drilling: Oil Spill Response

Marine Well Containment Company (MWCC) was formed in 2010 when Chevron, ConocoPhillips, ExxonMobil and Shell committed US$1 billion to develop a containment response system that could operate in the Gulf of Mexico in 10,000 feet of water and process up to 100,000 barrels of fluid and 200 million cubic feet of gas´╗┐ per day. In May 2011, MWCC opened its headquarters in Houston […]