Supreme Court refuses to consider BP's bid for reduced penalties
The Supreme Court today refused to consider BP PLC's bid to undercut the potential $13.7 billion in penalties it faces for the 2010 Deepwater Horizon oil spill.
BP and Anadarko Petroleum Corp., which may also be liable for a separate $1 billion penalty, claimed they are not directly responsible for the 4 million barrels of oil that was released in the April 2010 accident in the Gulf of Mexico that killed 11 workers.
The companies appealed a January 2014 federal appeals court ruling that sided with the government, which is seeking maximum penalties under the Clean Water Act for the largest oil spill in the country's history.
Oil markets unlikely to feel pain from Big Foot's woes
Chevron Corp.'s recent headaches in securing a platform in the Gulf of Mexico won't slow down Gulf crude oil output much or help alleviate a production glut that's harming oil prices.
The oil and gas supermajor said it is abandoning plans to have its Big Foot project come online later this year as it first attempts to fix the associated subsea equipment. Once installed and fully operational, it's projected that up to 75,000 barrels of oil per day will be pumped from Big Foot.
Ala. company to pay $3M for emissions that hurt Gulf cleanup workers
An Alabama refrigeration company will pay $3 million to resolve environmental violations stemming from the release of ammonia that sickened more than 152 Deepwater Horizon oil spill cleanup workers in Alabama, the Justice Department said yesterday.
A few months after BP PLC's April 2010 spill in the Gulf of Mexico, the Millard Refrigerated Services facility in Theodore, Ala., released 32,000 pounds of ammonia.
Fla. Sen. Nelson seeks to keep eastern Gulf off-limits
Sen. Bill Nelson (D-Fla.) introduced a bill today aimed at keeping oil drillers out of the eastern Gulf of Mexico.
The bill comes in response to a proposal from Sen. Bill Cassidy (R-La.) to allow drilling in the eastern Gulf and lift a revenue-sharing cap to give Gulf Coast states more of the money raised from the resulting energy exploration. Nelson's bill would extend an existing moratorium on drilling in the eastern Gulf through 2027.