White House reviewing rule to reduce blowout threats
The White House has begun reviewing a new Interior Department rule aimed at enhancing the reliability of blowout preventers -- devices that are supposed to prevent the uncontrolled escape of oil from offshore rigs.
The Bureau of Safety and Environmental Enforcement sent its proposed rule to the Office of Information and Regulatory Affairs last Thursday. It is tentatively set to be unveiled to the public next February.
BP appeals 'grossly negligent' ruling
BP PLC yesterday appealed a federal district court's ruling that it was grossly negligent in its actions leading up to the 2010 Deepwater Horizon oil spill.
In a short motion, the oil giant appealed the September ruling by U.S. District Court Judge Carl Barbier, which could put it on the hook for up to $18 billion in penalties.
GULF OF MEXICO:
Greens endorse 47 projects for funding from spill penalties
Environmental groups offered their vision today for restoring the Gulf of Mexico ecosystem as funding becomes available from the 2010 Deepwater Horizon oil spill.
The National Wildlife Federation and other groups focused on coastal Louisiana released two reports describing 47 projects that they say could bring the biggest benefits for the ailing Gulf.
GULF OF MEXICO:
Supreme Court declines BP's bid to stop spill-liability payments
The Supreme Court won't review BP PLC's bid to halt liability payments to businesses and landowners that the company says were not harmed by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
Latest Gulf megaproject comes online 'on time and on budget'
Yet another offshore project in the Gulf of Mexico is complete and producing first oil. Jack/St. Malo, an offshore development tapping two lucrative oil and gas fields, is now online with fresh crude flowing to refineries along the coast, Chevron Corp. announced. The floating platform and subsea equipment now producing from the Jack and St. Malo fields was four years in the making; Chevron says it first commissioned the project in 2010.