. Energy News .




.
ENERGY TECH
BP paid $7 bln in Gulf disaster claims: executive
by Staff Writers
Washington (AFP) Oct 13, 2011


Oil giant BP has so far paid out around $7 billion in compensation claims arising from the deadly oil spill in the Gulf of Mexico last year, a senior executive told US lawmakers Thursday.

"There has been a spend, a payment of claims about $5.6, $5.7 billion to individuals and businesses and about $1.3 billion to government entities," said Ray Dempsey, Vice President of BP America.

A further $13 billion was spent in direct response to the disaster at the Deepwater Horizon drilling rig, but none of that came from a $20 billion trust fund BP set up in the wake of the April 20, 2010 accident, Dempsey said.

Asked at the House Natural Resources Committee how much BP's final bill would be, the BP executive said no figure had been set aside.

"It was neither a floor or a ceiling. It wasn't meant to represent any total or minimum amount of the cost associated with response to the accident," he told the congressional hearing, referring to monies allocated to the trust fund.

Dempsey gave evidence to the committee alongside officials from Halliburton and Transocean, all of whom were hit with citations Wednesday for violating oil industry regulations in connection with the disaster, in which 11 people died.

The US Justice Department is also conducting a criminal investigation into the accident, the biggest maritime oil spill in history.

By the time the well was capped 87 days later, 4.9 million barrels (206 million gallons) of crude had gushed out of the runaway well 5,000 feet (1,500 meters) below the surface of the Gulf of Mexico.

All three companies were accused by the US government in Wednesday's action of failing to "protect health, safety, property, and the environment by failing to perform all operations in a safe and workmanlike manner."

It is also alleged that they failed to "take measures to prevent unauthorized discharge of pollutants into offshore waters" and failing to "take necessary precautions to keep the well under control at all times."

The companies have 60 days to respond to the 15 citations issued by the Bureau of Safety and Environmental Enforcement.

To date, BP -- which leased the rig and was ultimately responsible for operations -- has spent $40.7 billion on the disaster and could still be liable for billions in fines, compensation and restoration costs.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
BP, Transocean, Halliburton hit with oil spill violations
Washington (AFP) Oct 12, 2011
The US government slapped BP, Transocean and Halliburton with citations for violating oil industry regulations Wednesday in what is expected to lead to massive fines for the deadly 2010 oil spill. The decision to also cite BP's subcontractors could strengthen the British energy giant's legal case for recovering some of the multi-billion dollar costs of the spill from Halliburton, which per ... read more


ENERGY TECH
Astrium signs new Pleiades contract

New program to expand, enhance use of LIDAR sensing technology

Indra Tries In Madrid And Seville Space Technology To Detect Heat Islands

RADA Selected for a SAR Development Program

ENERGY TECH
Lockheed Martin Powers on the GPS III Pathfinder

Electronic Compass Market Finds its Way to 73 Percent Growth in 2011

Raytheon Joins Industry Partners in Honoring USAF for Historic Contributions Through GPS

Russia's Soyuz-2.1B carrier rocket orbits Glonass satellite

ENERGY TECH
New study shows how trees clean the air in London

Demonstrators in Bolivia resume march

International bodies to probe crackdown on Bolivia protest

Forest structure, services and biodiversity may be lost even as form remains

ENERGY TECH
Certain biofuel mandates unlikely to be met by 2022

US unlikely to hit Renewable Fuel Standard for cellulosic biofuels

Advancing next gen biofuels by turning up the heat on biomass pretreatment processes

From compost to sustainable fuels as heat loving fungi sequenced

ENERGY TECH
American Plumbing Giant Installs 3600 Solar Panels

NTU researchers develop cheaper yet efficient thin film solar cells

Solar PV micro inverters out-perform string inverters

FLABEG develops the new Ultimate Trough for CSP plants

ENERGY TECH
GE invests in Indian wind power

Euro Bank: Wind policy 'direction' needed

Natural Power US to act as Owner's Engineer on 2.1GW Wyoming wind farm

Natural Power deploys first dual-mode ZephIR wind lidar in India

ENERGY TECH
Sundance says 'no reason' to doubt Hanlong deal

Mountaintop coal mining moves a step ahead

13 killed in China mine explosion

Concern as China firm to buy Australian coal mine

ENERGY TECH
China shows off its migration schemes

Hong Kong chief vows to tackle housing woes

Tibetan monastery a 'virtual prison': exiled monk

One year after contested Nobel, Norway reaches out to China


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement