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BP announces settlement with PSC, subject to final written agreement, to resolve economic loss and medical claims from Deepwater Horizon accident and oil spill

March 1, 2012, 12:06 pm

BP has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon accident and oil spill. The PSC acts on behalf of individual and business plaintiffs in the Multi-District Litigation proceedings pending in New Orleans (MDL 2179).

BP seeks settlement with oil spill plaintiffs group

February 28, 2012, 3:17 pm

NEW ORLEANS, Feb 28 (Reuters) - BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the talks said.

In exchange, the claimants, represented by a group called the Plaintiffs' Steering Committee, would drop their lawsuit in a court case scheduled to start in New Orleans on March 5.

BP oil spill trial delayed for settlement talks

February 27, 2012, 4:22 pm

Originally posted by Tom Bergin - Reuters - February 27, 2012

(Reuters) - The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.

Less than 24 hours before the case was set to start in a New Orleans federal court, U.S. District Judge Carl Barbier pushed back the date to March 5 from February 27.


The delay allows further talks between BP and the Plaintiffs' Steering Committee (PSC), which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill.

For survivors, spill trial falls short of justice

February 27, 2012, 4:19 pm

Originally posted by Loren Steffy - Houston Chronicle - February 12, 2012

The percentages won't mean much to Stephen Stone.

Whether a federal judge presiding over a court proceeding - which was set to begin Monday but has been delayed a week -- in New Orleans finds BP 50 percent liable for the Deepwater Horizon disaster or 65 percent or whatever doesn't matter to him. Almost two years after the disaster that unleashed the worst offshore oil spill in U.S. history, BP, Transocean and Halliburton each will attempt to convince a judge that the other companies bear more responsibility.

Don't Believe the (BP) Hype!

January 20, 2012, 11:39 pm

Notice the increase in BP commercials on television lately? You know, the ones that show pristine beaches, people gallivanting in the water, "locals" claiming that all is well in the Gulf following the devastating explosion and oil spill in April of 2010 that released 4.9 million barrels of crude oil and gas into the ocean, killing 11 and injuring 17 others while virtually shutting down the seafood industry in the area? The commercials that show BP employees rattling off a bunch of statistics about the improvements that have been made since the spill? These are the same employees that appear at black tie events exclaiming their company's commitment to communities and the environment.

BP crews still busy in Alabama and Mississippi; they collect 3 tons in 10 days

January 16, 2012, 10:00 am

MOBILE, Alabama -- BP crews collected more than 3 tons of tarballs and buried tar mats from beaches in Alabama and Mississippi during the first 10 days of January.

Nearly two years after the BP spill, the company maintains a significant presence along the Alabama and Mississippi coastline, with dozens of workers patrolling the Gulf shoreline each week.

Gulf spill company hands out safety bonuses

January 3, 2012, 11:19 pm

Company whose rig caused biggest oil spill in US history rewards executives for "best year in safety performance".

Transocean Ltd., the owner of the Deepwater Horizon oil rig that exploded off the Gulf of Mexico last year, has given its top executives bonuses for achieving the "best year in safety performance in our company's history'', despite the blast that killed 11 people and spilled 200 million gallons of oil into the ocean.

Leaked: 30,000 BP oil spill memos, emails and transcripts

January 2, 2012, 10:29 am

In the middle of last year, Greenpeace submitted a string of Freedom of Information requests to US government agencies in relation to last year’s disastrous BP oil spill in the Gulf of Mexico.

As a result the environmental group have obtained some 30,000 memos, emails and transcripts which document the worst oil spill in American history. Taking cues from WikiLeaks, Greenpeace has begun to leak its considerable cache online for all to see. Here’s what we pulled out of the document dump:

Gulf Shrimp Are Scarce This Season; Answers, Too

November 29, 2011, 10:02 am

LAFITTE, La. — The dock at Bundy’s Seafood is quiet, the trucks are empty and a crew a fraction of the normal size sits around a table waiting for something to do. But the most telling indicator that something is wrong is the smell. It smells perfectly fine.

“There’s no shrimp,” explained Grant Bundy, 38. The dock should smell like a place where 10,000 pounds of shrimp a day are bought off the boats. Not this year. In all of September, Bundy’s Seafood bought around 41,000 pounds.

BP, Contractors Face Fines Over Oil Spill

October 13, 2011, 9:13 am

Wall Street Journal

WASHINGTON—U.S. offshore-drilling officials issued their first violations related to the Deepwater Horizon oil spill Wednesday, accusing BP PLC and two of its contractors of breaking several rules.

While citations against BP were widely expected, the government's decision to pursue the contractors Transocean Ltd. and Halliburton Co. for infractions jolted the contracting industry, which traditionally avoids liability in such accidents.

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