BOEM lease sale targets western Gulf near Mexico
The Bureau of Ocean Energy Management will offer a new round of oil and natural gas exploration rights in the western Gulf of Mexico in August.
The agency announced yesterday that the upcoming sale, known as sale 246, will offer up about 4,000 blocks in the Western Gulf of Mexico Planning Area. The region offshore Texas is home to some major deepwater projects but generally attracts less interest than the Central Planning Area off the coast of Louisiana.
N.C. man charged with fraudulent claim from BP fund
A North Carolina man yesterday was charged with fraudulently seeking a $2.3 million claim following the 2010 Deepwater Horizon oil spill.
Michael Rosella of Wilmington is accused of seeking the money for lost profits from a Louisiana resort that does not exist, the Justice Department said.
Judge denies BP's bid to shrink maximum fine
A federal judge today rejected a bid by BP PLC to reduce the maximum fine it faces for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
BP may owe up to $13.7 billion in penalties under the Clean Water Act after Judge Carl Barbier for the Eastern District of Louisiana concluded last year the company was "grossly negligent" leading up to the accident, which killed 11 workers.
BP denied insurance coverage related to 2010 disaster
The Texas Supreme Court today turned down BP PLC's attempt to collect $750 million in insurance related to the 2010 Deepwater Horizon accident.
BP was carried as a co-insured party under policies held by Transocean Ltd., which owned the Deepwater Horizon and was drilling the Macondo well off the coast of Louisiana under a contract with BP.