In 2011, one year after the Deepwater Horizon oil spill, BP agreed to provide up to $1 billion toward early restoration projects in the Gulf of Mexico. Since then, the Trustee Council has approved five early restoration plans, encompassing 65 projects at an estimated cost of $866 million. Energy major BP estimates the total cost of the 2010 Gulf of Mexico oil spill will be $61.6 billion, and suggests further claims related to the spill will "not have a material impact.". The company said it expects to take an after-tax non-operating charge of around $2.5 billion in its second quarter 2016 results. A damaged oil platform has been spouting thousands of gallons of oil into the Gulf of Mexico for almost 15 years. A damaged oil platform has been spouting thousands of gallons of oil into the Gulf BP’s oil spill dumped up to 176.4 million gallons, or 4.2 million barrels, of oil into the Gulf over 87 days in 2010. In December, SkyTruth estimated the Taylor spill has dumped between 855,421 and 3,991,963 gallons into the Gulf. BP has paid or set aside $66 billion for fines, legal settlements and cleanup of the 168 million-gallon spill — a sum that the oil giant could, painfully, afford. But many companies with Gulf The Gulf oil spill is recognized as the worst oil spill in U.S. history. Within days of the April 20, 2010 explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico that killed 11 people, underwater cameras revealed the BP pipe was leaking oil and gas on the ocean floor about 42 miles off the coast of Louisiana. This webpage provides information and materials on EPA’s enforcement response to the Deepwater Horizon Oil Spill, settlements with several of the defendants, including the record-setting settlement with BP Exploration & Production for an unprecedented $5.5 billion Clean Water Act penalty and up to $8.8 billion in natural resource damages.
Deepwater Horizon oil spill Environment. an oil spill in the Gulf of Mexico in April Also known by various other descriptions, such as BP oil spill, Gulf oil disaster, did not immediately recover up to the pre-incident price level and certainly did
8 Jun 2010 Heading into its eighth week, that BP oil spill continues to raise more questions than are answered. How much continues to flow into the Gulf of 5 Apr 2016 The company at the time said its total pre-tax charges from the spill set aside for criminal and civil penalties and cleanup costs were around $53.8 21 Jul 2010 The oil leak and drilling moratorium could cost Gulf Coast economies tens of thousands of jobs. add_alert. Add to Email Alerts. Free. 19 Apr 2011 His book about the oil blowout in the Gulf of Mexico is A Sea in They are expensive; the volume required in a deep-water well can cost more than half a BP had a federally approved Gulf of Mexico spill response plan that 19 Apr 2015 Five years later, the Gulf of Mexico is still recovering from Deepwater Horizon oiled marshland one year after the Deepwater Horizon oil spill in Bay Jimmy especially in a global context, is challenging and comes at a cost. 29 Nov 2013 The BP oil spill released 4.9 million barrels of oil into the Gulf of Mexico and caused Figure 7: Fixed and Variable Costs for Claim Purposes .
24 Mar 2019 4 Years after BP's Gulf Oil Spill, Compensation Battle Rages handling of the settlement it had agreed to avoid having to fight costly individual
14 Jul 2016 The answer: the $61.6 billion cost to BP of the 2010 oil spill in the Gulf of Mexico. On Thursday, BP issued its final estimate of the cost of the spill By around April 2016, most of the claims arising from the Gulf of Mexico oil spills had 15 Jan 2018 BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting is set to see a sharp increase in revenue this year thanks to higher oil prices. 16 Jan 2018 BP said on Tuesday it would take a new charge of $1.7 billion in Horizon spill, raising the company's total costs to around $65 billion, higher than workers dead and huge stretches of the Gulf of Mexico fouled with oil that
14 Jul 2016 BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion.
15 Jan 2018 BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting is set to see a sharp increase in revenue this year thanks to higher oil prices. 16 Jan 2018 BP said on Tuesday it would take a new charge of $1.7 billion in Horizon spill, raising the company's total costs to around $65 billion, higher than workers dead and huge stretches of the Gulf of Mexico fouled with oil that 5 days ago Deepwater Horizon oil spill, also called Gulf of Mexico oil spill, largest marine oil spill in history, caused by an April 20, 2010, explosion on the 16 Jan 2018 Deepwater Horizon and the Gulf oil spill - the key questions The latest financial pain for BP will be offset considerably by rising oil prices. The final bill for the tragedy is now clear, but the costs of American litigiousness will be felt for years to come. Double, double, oil and trouble. Deepwater 12 Feb 2020 Also known as the Deepwater Horizon spill or the Gulf of Mexico oil spill, the Those fines, plus payments to settle various civil claims, cost BP 24 Mar 2019 4 Years after BP's Gulf Oil Spill, Compensation Battle Rages handling of the settlement it had agreed to avoid having to fight costly individual
21 Apr 2017 One month after the BP oil spill, the US government commissioned One month after crude oil began gushing into the Gulf of Mexico in April
Deepwater Horizon oil spill, also called Gulf of Mexico oil spill, largest marine oil spill in history, caused by an April 20, 2010, explosion on the Deepwater Horizon oil rig—located in the Gulf of Mexico, approximately 41 miles (66 km) off the coast of Louisiana—and its subsequent sinking on April 22. On January 16, 2018, BP PLC announced it would take a $1.7 billion charge for expenses related to the 2010 Deepwater Horizon oil spill. It expects cash payments of $3 billion for the year. As of July 14, 2016, BP had spent $61.6 billion in court fees, penalties, and clean-up costs. Deepwater Horizon – BP Gulf of Mexico Oil Spill On April 20, 2010, the oil drilling rig Deepwater Horizon , operating in the Macondo Prospect in the Gulf of Mexico, exploded and sank resulting in the death of 11 workers on the Deepwater Horizon and the largest spill of oil in the history of marine oil drilling operations. BP and the Department of Justice agreed to a record-setting $4.525 billion in fines and other payments. As of 2018 [update], cleanup costs, charges and penalties had cost the company more than $65 billion. The BP oil disaster cost the Gulf of Mexico's commercial fishing industry $94.7 million to $1.6 billion and anywhere from 740 to 9,315 jobs in the first eight months, according to a new study by Catastrophe: the Deepwater Horizon spill (seen here in an underwater screen grab) cost BP around £25 billion but there are indications that the compensation bill may only be half the £12.6 billion estimated Rescue workers said the number of birds picked up in the five gulf states jumped by more than 100 since Saturday.