Halliburton announced today that income from continuing operations for the first quarter of 2013 was $624 million, or $0.67 per diluted share, excluding a $637 million charge, after-tax, or $0.68 per diluted share, to increase a reserve related to the Macondo litigation. Income from continuing operations for the first quarter of 2012 was $826 million, [...]
BP yesterday reached agreement with the United States government to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company stemming from the Deepwater Horizon accident, oil spill, and response. As part of the resolution, BP has agreed to plead guilty to 11 felony counts of Misconduct [...]
BP today announced it has once again confirmed the integrity of the Macondo well and its associated relief wells following an extensive subsea survey this week to identify potential sources of a surface sheen near Mississippi Canyon block 252 in the Gulf of Mexico. The latest survey marks the third time since the Macondo well [...]
Two weeks after Hurricane Isaac’s U.S. landfall, BP’s Gulf Coast Restoration Organization provided an update today of the storm’s impact on Deepwater Horizon clean up operations and how the company proposes dealing with the limited amounts of residual Macondo oil Isaac uncovered. “It was not unexpected to find Macondo oil in areas where we were [...]
The UK government unit responsible for monitoring offshore safety has become increasingly active in the wake of the Gulf of Mexico oil spill, according to international law firm Pinsent Masons. Energy specialists at the firm say that the number of inspections carried out by the Offshore Environmental Inspectorate (OEI), part of the Department of Energy [...]
A key US investigation into the Macondo disaster in the Gulf of Mexico in 2010 could take into account learning and lessons from the UK. Investigators from the US Chemical Safety and Hazard Investigation Board (CSB) visited the UK on a fact-finding mission to gain further understanding of the UK oil and gas industry’s regulatory [...]
Royal Dutch Shell plc a global oil and gas company headquartered in The Hague, Netherlands, has spilled 13.000 gallons of drilling fluid mixed with oil in the U.S. Gulf of Mexico, Reuters reports. The spill occurred from Shell operated Deepwater Nautilus rig in vicinity of Deepwater Horizon disaster location (Macondo). The world’s largest drilling contractor, [...]
![USA: BSEE Issues Safety Alert Related to Macondo Blowout]()
The Bureau of Safety and Environmental Enforcement (BSEE) yesterday issued a Safety Alert relating to the Macondo well blowout. The Safety Alert was distributed to oil and gas leaseholders and contractors working on the Outer Continental Shelf (OCS). It briefly summarizes the findings of the Joint Investigation of the Deepwater Horizon explosion and oil spill, [...]
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau yesterday announced that BOEM would hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. This announcement is consistent with steps President Obama announced in [...]
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![Westshore Shipbrokers: Post Macondo Gulf of Mexico]()
18 months have passed since the terrible events surrounding the Macondo disaster in the Gulf of Mexico unfolded. After a period of emotion… By Inger Louise Molver (Westshore Shipbrokers) Source: Westshore Shipbrokers , October 31, 2011;
