BP To Pay $4.5 Billion For Deepwater Horizon
Two and a half years after tens of millions of gallons of crude oil spilled into the Gulf of Mexico from BP’s Deepwater Horizon drill platform, the company has pleaded guilty to more than 10 felonies and been fined $4.5 billion (largest in US history). In addition, two company employees will be charged with manslaughter related to ...
BP’s Expected Oil Disaster Fine: $17.6 Billion
Ouch, this is going to leave a mark: At its height, BP’s leaking well gushed 62,000 barrels of oil a day, the federal government said Monday in a revision of its figures that reveals how far off initial estimates turned out to be. The government and BP initially offered estimates of the leak at 1,000 ...
Solid Business Thinking BP
According to the Houston Chronicle BP saved $5 million by taking shortcuts while drilling the Macondo/Deepwater Horizon well. BP stock has lost $80 billion. $20 billion placed into an escrow for damages. $2.5 billion in clean up costs to date. Solid business decision there BP.
Biggest Oil Spill In American History
The sheer magnitude is just staggering. A federal team created to produce a more precise estimate of the oil gushing into the Gulf of Mexico has determined that the rate is at least twice what was previously acknowledged and possibly five times as much, officials said on Thursday. If the team’s estimates are accurate, this ...
I'm Noticing A Pattern Here
Lately, there seems to be a pattern in developments surrounding the BP oil gusher spill: the news is always bad and getting worse. Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots. ...
This Inspires So Much Confidence
You have to be shitting me: That question hangs in the air here at a BP crisis center as hundreds of engineers and scientists work to cap the undersea well that for more than three weeks has spewed oil into the Gulf of Mexico. Officials with BP and other companies involved in the effort, who ...
