https://www.scmp.com/rss/308332/feed The 2010 Deepwater Horizon oil spill which followed the explosion and sinking of the Deepwater Horizon oil rig, which claimed 11 lives, is the largest accidental marine oil spill in US history. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Barack Obama’s presidency did not bring about the purposeful environmental leadership the world expected, but it did usher in a new climate of environmental consciousness in the US, one that the Trump administration appears set on reversing. China, meanwhile, has grown from being labelled the “world’s largest absolute emitter” to an emerging global environmental leader. It has committed to supporting climate negotiations, as well as the implementation of the Paris ­climate accord. It has also... https://www.scmp.com/comment/insight-opinion/article/2107810/china-must-lead-helping-africa-take-real-action?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2107810/china-must-lead-helping-africa-take-real-action?utm_source=rss_feed Tue, 22 Aug 2017 09:20:52 +0000 Oil giant BP is to fight attempts to fine it up to US$18 billion over the 2010 Deepwater Horizon disaster, at a new trial in New Orleans. The latest legal battle revolves around its efforts to cap a runaway well, and the amount of oil that entered the Gulf of Mexico during the 87-day spill. The trial, scheduled to open yesterday and expected to last a month, could add up to US$18 billion to BP's bill - five times the US$3.5 billion set aside for fines. That is on top of the US$42.4 billion it... https://www.scmp.com/news/world/article/1321524/bp-faces-new-trial-and-us18b-fines-over-2010-deepwater-horizon-disaster?utm_source=rss_feed https://www.scmp.com/news/world/article/1321524/bp-faces-new-trial-and-us18b-fines-over-2010-deepwater-horizon-disaster?utm_source=rss_feed Mon, 30 Sep 2013 16:00:00 +0000 BP on Monday renewed its request for a federal judge to temporarily suspend settlement payments to Gulf Coast residents and businesses following its massive 2010 oil spill, citing a scathing report on alleged misconduct within the court-supervised program. In a court filing, BP attorneys said the report issued earlier this month by former FBI Director Louis Freeh shows the settlement program is plagued by problems that need to be fixed. US District Judge Carl Barbier already has rejected two... https://www.scmp.com/business/companies/article/1316642/bp-renews-bid-suspend-settlement-payments?utm_source=rss_feed https://www.scmp.com/business/companies/article/1316642/bp-renews-bid-suspend-settlement-payments?utm_source=rss_feed Tue, 24 Sep 2013 03:44:58 +0000 BP has begun appraisal drilling in its highly touted Tiber oil prospect in the Gulf of Mexico, the company said on Thursday, more than three years after its massive Macondo blowout and crude spill set back drilling in the basin. BP confirmed that drilling began on August 3. ConocoPhillips Chief Executive Ryan Lance disclosed it to analysts during a webcast presentation at the Barclays Energy-Power Conference in New York. ConocoPhillips is a minority partner in Tiber. “We are appraising the Tiber... https://www.scmp.com/business/companies/article/1308997/bp-drills-giant-gulf-field-after-setback-due-spill?utm_source=rss_feed https://www.scmp.com/business/companies/article/1308997/bp-drills-giant-gulf-field-after-setback-due-spill?utm_source=rss_feed Fri, 13 Sep 2013 02:00:42 +0000 BP says Louisiana Governor Bobby Jindal’s administration has misrepresented its record in the 2010 Gulf of Mexico oil spill, including how much it has spent on cleanup. A blowout of BP’s Macondo well in April 2010 triggered an explosion on the Deepwater Horizon drilling rig, which BP was leasing from Transocean. The explosion killed 11 workers and spawned the worst US offshore oil spill. Geoff Morrell, BP’s vice president of US communications, responded Thursday to comments made a day earlier by... https://www.scmp.com/business/companies/article/1300562/bp-jindal-admin-misrepresents-companys-record?utm_source=rss_feed https://www.scmp.com/business/companies/article/1300562/bp-jindal-admin-misrepresents-companys-record?utm_source=rss_feed Fri, 30 Aug 2013 03:27:47 +0000 BP must pay US$130 million to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by the 2010 Gulf of Mexico oil spill, a federal judge ruled on Wednesday, in a fresh legal setback for the oil company. BP had balked at funding the third-quarter operating budget for the administrator, Louisiana lawyer Patrick Juneau, complaining that his bill contained “excessive costs.” But US Magistrate Judge Sally Shushan in New Orleans ruled that it was... https://www.scmp.com/business/companies/article/1295234/judge-orders-bp-pay-us130m-fees-gulf-claims-program?utm_source=rss_feed https://www.scmp.com/business/companies/article/1295234/judge-orders-bp-pay-us130m-fees-gulf-claims-program?utm_source=rss_feed Thu, 08 Aug 2013 04:54:50 +0000 BP said it has uncovered new allegations of fraud and conflicts of interest inside the settlement program that has awarded billions of dollars to Gulf Coast businesses and residents for damage from the company’s 2010 oil spill in the Gulf of Mexico. BP attorneys outlined the allegations in a court filing, which asks a federal judge to temporarily suspend settlement payments while former FBI Director Louis Freeh leads an independent investigation of the court-supervised settlement program. US... https://www.scmp.com/business/companies/article/1294612/bp-cites-new-fraud-allegations-spill-settlement?utm_source=rss_feed https://www.scmp.com/business/companies/article/1294612/bp-cites-new-fraud-allegations-spill-settlement?utm_source=rss_feed Tue, 06 Aug 2013 02:58:04 +0000 International oil company BP increased its giant accounting provision for the 2010 oil spill to US$42.4 billion from US$42.2 billion on Tuesday and said its US$20 billion fund to pay spill compensation had only US$300 million left in it. The news came as BP’s second quarter results missed expectations, with adjusted net profit coming in at US$2.712 billion compared with expectations of US$3.410 billion. https://www.scmp.com/business/companies/article/1293030/bp-raises-oil-spill-charge-q2-misses-forecasts?utm_source=rss_feed https://www.scmp.com/business/companies/article/1293030/bp-raises-oil-spill-charge-q2-misses-forecasts?utm_source=rss_feed Tue, 30 Jul 2013 06:52:50 +0000 Faced with hundreds of damage claims it says are fictitious and inflated, BP must decide whether to dive into a protracted legal battle it had sought to avoid when it settled a class action over the 2010 Gulf of Mexico oil spill. The British oil giant asked the Fifth US Circuit of Appeals in New Orleans this week to halt the claims. Should its challenge before the three-judge panel fail, BP will face a choice: ask for a hearing by all the court’s judges, appeal to the US Supreme Court, or try... https://www.scmp.com/business/companies/article/1280927/contentious-oil-spill-claims-set-bp-long-legal-battle?utm_source=rss_feed https://www.scmp.com/business/companies/article/1280927/contentious-oil-spill-claims-set-bp-long-legal-battle?utm_source=rss_feed Fri, 12 Jul 2013 03:27:27 +0000