oil News

BP Told It Can’t Use Transocean Insurance for Gulf Spill

A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. Tuesday’s decision by U.S. District Judge Carl Barbier in New Orleans …

U.S. States May Seek Punitive Damages in BP Spill

A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year’s Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl Barbier …

New Zealand Crews Pump All Oil from Grounded Ship

Salvage crews have successfully removed all the remaining oil from a cargo ship that ran aground on a New Zealand reef, avoiding a worse environmental disaster. The vessel Rena grounded on the Astrolabe reef near Tauranga on Oct. 5 and …

Brazil Investigates Oil Spill

Brazil’s president has ordered a full investigation into an oil spill near an offshore field operated by oil giant Chevron Corp. Dilma Rousseff said in a statement that she wants a “rigorous investigation” to determine responsibility for the spill near …

Coast Guard OKs Winding Down BP Spill Cleanup

BP will no longer be responsible for cleaning up oil that washes up on the Gulf Coast unless officials can prove it comes from the company’s well that blew out in 2010, causing the worst offshore spill in U.S. history, …

Exxon Mobil Expects Montana Spill to Cost $135M

Exxon Mobil said it expects that its response to a July oil spill into the Yellowstone River in Montana will cost about $135 million, the company said Friday. Exxon Mobil said it has reached compensation agreements with over 95 percent …

Wyoming to Adopt New Workplace Drilling Safety Rules

Wyoming’s workplace safety office is adopting new safety rules for oil and gas drilling during a year in which accidents have killed five of the industry’s workers in the state. Wyoming consistently ranks among the most dangerous states for workers, …

Millions Awarded in Louisiana Oil Lawsuit

A Terrebonne Parish judge has awarded more than $11 million to a Houma family stemming from a dispute over unpaid oil royalties. The Courier reports attorney Michael St. Martin and his wife, Virginia, filed a lawsuit in December 2006 alleging …

New Hampshire Man Failed to Clean Up Oil Spill

The state has issued an $80,000 penalty against a New Hampshire man, saying he failed to report and clean up an oil spill in the basement of an apartment he owns. The state Department of Environmental Services estimated between 200 …

Florida Man Pleads Guilty to BP Spill Claims Fraud

A Florida man has pleaded guilty to attempting to defraud the BP oil spill claims fund by faking losses from a commercial fishing business. Court records show 37-year-old Eliu Gonzalez of Florida City pleaded guilty Wednesday to a wire fraud …