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Oil Spill News

News on Oil Spill continually updated from thousands of sources around the net.

1 hr ago | The Globe and Mail

B.C. LNG firms press Ottawa for tax break

Four major liquefied natural gas projects in British Columbia are lobbying Ottawa for tax relief, arguing that it is in the national interest to launch LNG sales to Asia and reduce Canada's dependence on energy exports to the United States. The newly formed B.C. LNG Developers Alliance, representing four of the largest proponents of LNG exports from the West Coast, believes that multibillion-dollar terminals planned for northwestern British Columbia deserve to be treated as manufacturing operations to gain tax concessions.

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Related Topix: Energy, Oil & Gas, Chevron Corporation

5 hrs ago | The Globe and Mail

A giant of the past resurrected as newest Wall Street hot stock

The shale boom has been a boon to U.S. Steel - the company manufactures tubular products needed for drilling. The shale boom has been a boon to U.S. Steel - the company manufactures tubular products needed for drilling.

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Sat Sep 13, 2014

Indybay.org

Federal Court Rules BP's Reckless Behavior to Blame for 2010 Deepwater Oil Disaster

On September 4, a United States federal judge ruled that BP's reckless and negligent behavior is at fault for the 2010 Deepwater Horizon oil spill, which killed 11 people and caused 200 million gallons of oil to flood into the Gulf of Mexico. The ruling opens up BP to billions of dollars in possible civil penalty fines, including a possible $18 billion under the Clean Water Act.

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Fri Sep 12, 2014

Seeking Alpha

BP: For Income Investors, It Pays To Look Past Russian Fears And The Gulf Spill

Fears about Russian sanctions and an award of gross negligence in the Gulf of Mexico oil spill have caused the stock to significantly fall. BP's cash flow will not be materially impacted by either of these two events in the near term and the stock now offers a compelling entry point.

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Related Topix: BP plc, Oil & Gas, Financial Markets, Exxon Mobil, Energy, Chevron Corporation

Live Charts

"Fat finger" error lifts BP shares by 4.8%

BP saw its shares rise in Friday after what analysts believed to have been a "fat finger" error. Traders said the sudden increase of 4.8% to 494.9p at 10:41 GMT, which added A 4.3bn to BP's market value, was probably caused by a human or keyboard mistake, Reuters reported.

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NOLA.com

Society of Environmental Journalists explore Louisiana's issues: What others are saying

In the aftermath of the Society of Environmental Journalists ' Sept. 3-7 conference in New Orleans, journalists from the United States, Canada and elsewhere around the world are writing about the environmental issues they explored here.

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Related Topix: Louisiana, New Orleans, New Orleans, LA, Jazz, Baton Rouge, LA

Thu Sep 11, 2014

U.S. Environmental Protection Agency

CEER 2014 Dedicated Session Proposal: Restoring Water Quality along with Restoring the Gulf of Mexico

Harwell, M., Jan Kurtz, AND T. Pierce. CEER 2014 Dedicated Session Proposal: Restoring Water Quality along with Restoring the Gulf of Mexico.

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Science Daily

BP Deepwater Horizon disaster: Researchers continue working to safeguard shoreline

A research team has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon blowout. It's the first time such an estimate was reported.

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Related Topix: New Jersey Institute of Technology

ENR-Engineering News-Record

BP Faces Hefty Fines For 'Gross Negligence' in 2010 Gulf Oil Spill

A Sept. 4 decision by the U.S. District Court for the Eastern District of Louisiana could clear the way for up to $18 billion in penalties for BP in its role in the 2010 Deepwater Horizon disaster.

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Related Topix: Environmental Law, Law

The Weekly Packet

Film and talk address impact of 9/11 and BP oil spill

Gulf of Mexico oil spill, the toxic legacy of two of America's worst man-made technological disasters persists, according to a news release. The ongoing health, social and environmental consequences of these catastrophes are the subject of a talk by filmmaker and journalist Lisa Katzman at the Center For Environmental Studies, 55 Main Street in Blue Hill, on Tuesday, September 16. Oil Disaster" is the title of the lecture that will include excerpts from Katzman's new documentary After Disasters.

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Insurance Journal West

Florida Study Finds Recreational Fishermen Lost $585M in Gulf Oil Spill

Recreational anglers who normally fish in the Gulf lost up to $585 million from lost fishing opportunities in the year of the Deepwater Horizon oil spill and could be entitled to compensation, according to a new University of Florida study. After a disaster such as an oil spill, trustees - which could include federal, state or tribal authorities - often attempt to secure financial compensation from those responsible.

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Related Topix: University of Florida, Boat Disaster, Life, Food, Seafood

Eugene Weekly

Oregon Not Prepared For Major Oil Spills

Four years after the Deepwater Horizon oil spill in the Gulf of Mexico, Halliburton is paying $1.1 billion to residents, local governments and businesses affected by the disaster.

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Related Topix: U.S. Environmental Protection Agency

Forbes.com

Easing Legal Issues, Lower Costs and MLP Creation Support Our $42 Estimate For Transocean

Great Speculations' contributor page is devoted to investing ideas that will help make you wiser and richer. Most articles will contain actionable advice.

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Related Topix: Offshore Drilling, Financial Markets

Wed Sep 10, 2014

Science Daily

Gulf killifishes' biological responses to oil spills similar in field, laboratory studies

Gulf killifish biological responses to the Deepwater Horizon oil spill detected by researchers in the field are similar to those in controlled laboratory studies, according to a study published September 10, 2014 in the open-access journal PLOS ONE by Whitney Pilcher from Louisiana State University and colleagues. After the Deepwater Horizon oil spill, scientists monitored the impacts of oil on a local species of fish, the Gulf killifish.

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Alabama Live

Anonymous tip leads to BP oil spill fraud conviction, sentencing of Mobile woman

MOBILE, Alabama - Thanks to an anonymous tip received through a fraud tip hotline, a 32-year-old woman has pleaded guilty to a felony fraud charge related to the 2010 BP oil spill . On Monday, Lakeisha Denise Smith was sentenced in the case, which began when she submitted an online claim to the Gulf Coast Claims Facility in Sept.

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Related Topix: Mobile, AL, Prichard, AL

WEHT

Carmi, Ill. Company Hosting International Oil Spill Workshop

Elastec, an oil spill equipment company, is hosting an international workshop in New Harmony. 14 countries are represented at the workshop which features cutting edge equipment in the oil spill response industry.

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Related Topix: Carmi, IL

Tue Sep 09, 2014

JD Supra

Trial Judge Concludes The Deepwater Horizon Spill Caused By...

On September 4, 2014 the federal district judge overseeing the multidistrict litigation resulting from the Deepwater Horizon oil spill issued long-awaited rulings as to liability. The court concluded that BP is subject to enhanced civil penalties under the Clean Water Act because the discharge of oil was the result of the company's "gross negligence" and "willful misconduct."

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Related Topix: Explosion, New Orleans, LA

NOLA.com

Interior Secretary Sally Jewell says Gulf of Mexico oil spill has increased focus on safety

Secretary of the Interior Sally Jewell discusses lessons learned from the 2010 Deepwater Horizon disaster and changes to address safety and enforcement. The 2010 Gulf of Mexico oil spill prompted a reorganization of the Department of Interior to clearly delineate the lines between enforcement and permitting of offshore activities, Secretary Sally Jewell said Friday.

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Related Topix: Jean Lafitte, LA, Lafitte, LA, Barataria, LA

Hispanic Business

Divident in doubt as BP faces oil spill fine

A fire aboard the rig in the largest oil firm will update shareholders, including some of the country's biggest pension funds, on its dividend at its third quarter results next month. City analysts reckon , but leaves little headroom for its annual dividend payment euro " and the unexpected size of the potential fine would wipe out any possibility of one.

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Mon Sep 08, 2014

Forbes.com

Weekly Oil and Gas Notes: Exxon's Refinery Upgrade, BP's Oil Spill Liabilities

Great Speculations' contributor page is devoted to investing ideas that will help make you wiser and richer. Most articles will contain actionable advice.

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Related Topix: Exxon Mobil, Energy, Oil & Gas, Financial Markets

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