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Oil Spill News

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

20 min ago | Business Journal

Better grammar, fewer emojis: 5 social media tips from a leading cosmetics company

It doesn't matter if you're selling nail polish with names like "Oil Slick" and "Acid Rain." Urban Decay Cosmetics' approach to social media is one that should resonate with executives from any industry: Know your audience, and tell them an engaging story.

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4 hrs ago | Science Daily

Exxon Valdez 2014: Does media coverage of humanmade disasters contribute to consumer complacency?

Twenty-five years ago, the Exxon Valdez spilled 11 million gallons of oil into Alaska's Prince William Sound. Americans found themselves cleaning up another giant oil spill in the Gulf of Mexico in 2010.

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8 hrs ago | Seeking Alpha

How Costly Is The Biggest Offshore Oil Spill In U.S. History For BP?

BP has been charged with gross negligence with regards to the 2010 Gulf of Mexico spill, which killed 11 and spewed oil in waters that were in contact with five states. The company might have to pay up to $4,300 per wasted barrel, which sums up to be over $17 billion.

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Related Topix: Exxon Mobil, Energy, Oil & Gas

8 hrs ago | New Hampshire Public Radio -

BP Lawyers Use Old-School Trick; Judge Not Amused

U.S. District Court Judge Carl Barbier ruled nearly two weeks ago that BP acted recklessly in the 2010 Deepwater Horizon rig accident and oil spill. Back in school, did you ever fudge the spacing on a report to meet the teacher's page-length requirement? Lawyers representing oil company BP tried something similar in a recent court filing connected to the company's 2010 drilling rig accident and oil spill in the Gulf of Mexico.

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8 hrs ago | National Public Radio

BP Lawyers Use Old-School Trick, Judge Not Amused

Back in school, did you ever fudge the spacing on a report to meet the teacher's page-length requirement? Lawyers representing oil company BP tried something similar in a recent court filing connected to the company's 2010 drilling rig accident and oil spill in the Gulf of Mexico. U.S. District Court Judge Carl Barbier was not amused.

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11 hrs ago | JD Supra

Deepwater Horizon ruling puts focus on prevention

A US judge's decision to slap BP with a finding of gross negligence in the Deepwater Horizon oil spill case could have a ripple effect on shipowners, maritime lawyers say. Last week's decision by District Judge Carl Barbier exposes the UK-headquartered energy giant to up to $18bn in fines for the 2010 drillship incident because, under the same US laws that cover tanker spills, civil penalties are quadrupled in cases of gross negligence compared with "ordinary negligence".

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Related Topix: Fifth Circuit Court of Appeals, US News, Louisiana

13 hrs ago | Insurance Journal West

BP Hopes Missing Comma Triggers $750 Million Transocean Spill Insurance

BP Plc, which already has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750 million chunk of that back by convincing a Texas court that a missing comma may give the oil company access to Transocean Ltd.'s insurance policies on the Deepwater Horizon. BP filed claims with Transocean's carriers in 2010, seeking to tap a $50 million primary policy issued by Ranger Insurance and $700 million in excess coverage from Lloyd's of London and other underwriters.

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14 hrs ago | Seeking Alpha

BP: A Savvy Pick In The Energy Business Despite Panicking Investors And A Potential $18 Billion Fine

BP is a great value play in the oil and gas sector, but its long-term value is clouded by ongoing legal troubles with respect to its 2010 oil spill disaster. BP was recently found to have acted grossly negligent regarding the 2010 oil spill by a U.S. District Judge.

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18 hrs ago | National Public Radio

GM Ignition-Switch Defect Now Linked To 19 Deaths

A special compensation fund for victims of GM's faulty ignition switch has issued its first report, and it makes clear that GM will pay claims for more than the 13 deaths the automaker says were linked to the defect. a GM established the voluntary compensation fund as part of its ongoing mea culpa for delaying an ignition switch recall for a decade.

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Mon Sep 15, 2014

WaterWorld

Study estimates total mass of oil reaching Gulf shore in wake of Deepwater Horizon spill

A research team from the New Jersey Institute of Technology has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon spill , which occurred in April of 2010. The first time such an estimate has been reported, the findings will help officials determine the persistence of oil on the shore and identify potential harm to the ecosystem.

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Related Topix: New Jersey Institute of Technology

EurekAlert!

NAS Gulf Research Program announces strategic vision, initial opportunities

A new strategic vision document, released today by the National Academy of Sciences' Gulf Research Program, describes the long-term goals, objectives, and strategies for the program and will guide its scope of work over the next five years . In addition, the program announced that its initial, short-term activities, to be funded in 2015, will include exploratory grants, early-career research fellowships, and science policy fellowships.

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Related Topix: Prison

Forbes.com

Weekly Oil and Gas Notes: Alaska LNG Project and 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

NOLA.com

Univ. of Florida study says BP oil spill led to $585 million in recreational fishing losses, newspaper reports

A new study by researchers at the University of Florida and several other partners estimates Gulf Coast states lost about $585 million in recreational fishing opportunities during the 2010 Gulf of Mexico oil spill , the Gainesville Sun reports . The report says the study, one of the first to try to evaluate the spill's impact on the recreational fishing industry, used interviews and fishing data from the National Ocean and Atmospheric Administration to calculate the losses.

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Related Topix: University of Florida

Sun Sep 14, 2014

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

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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