Gulf Oil Spill

BP Oil Spill Penalty Could Reach 15% of Company’s Market Cap

By

As Drilling At Relief Well Continues, Gulf Coast Toils Over Spill Recovery

The United States District Court for the Eastern District of Louisiana found BP was grossly negligent with regard to the accident and its activities in conjunction with the Macondo well in the Gulf of Mexico. BP said it “strongly disagrees” with the finding and will immediately appeal. The number of barrels spilled remains in question and… Keep reading →

 /  Published September 5, 2014 at 3:30 PM

Energy Quote of the Day: UK Government Backs BP in 2010 Gulf Oil Spill Dispute

By

The National Oil Spill Commission Releases Final Report On BP Oil Spill

In a rare move, the UK government has come out in defense of BP regarding the US EPA’s decision to suspend the company from new government contracts. Members of the UK government filed a midnight brief on Monday saying the EPA’s decision could negatively impact jobs and pension funds invested in the UK super major.… Keep reading →

 /  Published December 3, 2013 at 3:30 PM