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BP's reckless conduct caused Deepwater Horizon oil spill, judge rules
2014-09-04 23:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: BP bears the majority of responsibility among the companies involved in the Deepwater Horizon oil spill, a federal judge ruled Thursday, citing the energy giants reckless conduct over the disaster in a ruling that exposes it to billions of dollars in penalties. BP plc already has agreed to pay billions of dollars in criminal fines and compensation to people and businesses affected by the disaster, the worst-ever US oil spill. But US district Judge Carl Barbiers ruling could nearly quadruple...
Tags: rules
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Oil and Gas Subsea Tree addresses deepwater challenges.
2014-09-03 14:31:36| Industrial Newsroom - All News for Today
Rated for depths to 3,000 m, Deepwater Vertical Xmas Tree (DVXT) helps improve cycle times while ensuring quality and safety. Subsea product, deployed with SemStar5-R remote electronics canister, incorporates communication technology and is designed with objectives of higher subsea reliability, extended service life, and improved environmental monitoring. With communications out to 220 km at depths of up to 3,000m, ModPod subsea control module enables flexible communications network. This story is related to the following:Environmental Monitoring Systems
Halliburton reaches $1.1bn settlement over Deepwater Horizon oil spill
2014-09-03 00:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Halliburton Co, North Americas top oilfield services provider, said it reached a $1.1bn settlement for a majority of claims related to its role in BPs fatal oil spill in the Gulf of Mexico in 2010. The settlement, which includes legal fees, is subject to approval by the US District Court for the Eastern District of Louisiana, Halliburton said. The amount, to be paid in three installments over the next two years, will be put into a trust until all appeals are resolved, the company said. We...
Tags: oil
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Inpex to sell 25% stake in Deepwater Block S offshore Malaysia to Santos
2014-09-02 01:00:00| Offshore Technology
Inpex Offshore Northwest Sabah, a unit of Inpex, has signed an agreement with major Australian oil and gas exploration and production company Santos to transfer a 25% participating interest in the Deep-Water Block S offshore East Malaysia.
Study At Deepwater Horizon Spill Site Finds Key To Tracking Pollutants
2014-08-22 19:18:00| Climate Ark Climate Change & Global Warming Newsfeed
RedOrbit: A new study of the ocean circulation patterns at the site of the Deepwater Horizon oil spill reveals the significant role small-scale ocean currents play in the spread of pollutants. The findings provide new information to help predict the movements of oil and other pollutants in the ocean. Nearly two years to the day after the Deepwater Horizon incident, scientists from the Consortium for Advanced Research on Transport of Hydrocarbon in the Environment (CARTHE), based at the University of Miami...
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