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Dec 11, 2012

Texas judge puts temporary halt on TransCanada pipeline

HOUSTON, Dec 11 (Reuters) – A Texas judge has ordered
TransCanada Corp to halt work temporarily on a pipeline
to carry heavy crude oil from Oklahoma to Texas refineries on
the property of a local landowner who has sued the pipeline
operator for fraud.

Texas County Court at Law Judge Jack Sinz in Nacogdoches
County on Friday signed a temporary restraining order to stop
TransCanada from building a pipeline across the property of
Michael Bishop in east Texas, about 150 miles (241 km) northeast
of Houston. Sinz said there was “sufficient cause” to halt work
on Bishop’s 20-acre (8 hectare) property until a planned Dec. 19
hearing.

Nov 21, 2012

US regulator warns Black Elk on safety after rig fire

HOUSTON, Nov 21 (Reuters) – A U.S. regulator on Wednesday
ordered Black Elk Energy to take immediate steps to
improve safety at its offshore platforms, after last week’s
deadly rig explosion off the Louisiana coast killed one worker
and left another missing.

“Black Elk has repeatedly failed to operate in a manner that
is consistent with federal regulations,” James Watson, diretor
of the U.S. Bureau of Safety and Environmental Enforcement
(BSEE), said in a statement.

Nov 15, 2012

BP agrees to record criminal penalties for U.S. oil spill

HOUSTON/WASHINGTON (Reuters) – BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever.

The settlement includes a $1.256 billion criminal fine, the largest such levy in U.S. history, the oil company said on Thursday. U.S. Attorney General Eric Holder called the deal a “critical step forward” but was adamant that it did not end the government’s criminal investigation of the spill.

Nov 15, 2012

BP agrees to pay $4.5 billion in penalties for U.S. oil spill

HOUSTON/WASHINGTON (Reuters) – BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country’s history, the company said on Thursday.

The settlement includes a $1.256 billion criminal fine, the largest such levy in U.S. history, the company said. A settlement with the U.S. Securities and Exchange Commission is also part of the deal, as are payments to the National Fish & Wildlife Foundation and the National Academy of Sciences.

Nov 15, 2012

BP agrees to pay $4.5 bln in penalties for US oil spill

HOUSTON/WASHINGTON, Nov 15 (Reuters) – BP Plc will
pay $4.5 billion in penalties and plead guilty to felony
misconduct in the Deepwater Horizon disaster that caused the
worst offshore oil spill in the country’s history, the company
said on Thursday.

The settlement includes a $1.256 billion criminal fine, the
largest such levy in U.S. history, the company said. A
settlement with the U.S. Securities and Exchange Commission is
also part of the deal, as are payments to the National Fish &
Wildlife Foundation and the National Academy of Sciences.

Nov 15, 2012

BP to pay $4.5 bln to U.S. in oil spill plea deal

HOUSTON/WASHINGTON, Nov 15 (Reuters) – BP Plc will
pay a $4 billion penalty and plead guilty to felony misconduct
in the Deepwater Horizon disaster that caused the worst offshore
oil spill in the country’s history, the company said on
Thursday.

The company will also pay $525 million to settle securities
claims with U.S. regulators. In aggregate BP said it will pay
$4.5 billion over six years for the various resolutions.

Nov 15, 2012

BP close to agreeing record oil spill fine: sources

HOUSTON/WASHINGTON (Reuters) – BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the Deepwater Horizon disaster which caused the worst offshore spill in the country’s history, sources familiar with discussions said.

They told Reuters that a plea deal with the Justice Department over the 2010 disaster, in which 11 workers died, may be announced as soon as Thursday.

Nov 15, 2012

BP expected to admit to criminal misconduct in 2010 spill

HOUSTON, Nov 14 (Reuters) – BP Plc is expected to
plead guilty to criminal misconduct in the 2010 Deepwater
Horizon disaster through a plea agreement it has reached with
the U.S. Department of Justice that may be announced as soon as
Thursday, according to two sources familiar with discussions.

The sources, who spoke to Reuters on condition of anonymity,
said that BP will plead guilty in exchange for a waiver of
future prosecution on the charges.

Nov 9, 2012

Plaintiffs, BP urge judge to approve $7.8 bln spill settlement

NEW ORLEANS, Nov 8 (Reuters) – BP Plc and lawyers
representing over 100,000 individuals and businesses claiming
economic and medical damages from the 2010 Gulf of Mexico oil
spill on Thursday urged a U.S. judge to approve a proposed $7.8
billion class-action settlement.

U.S. District Judge Carl Barbier initially approved the deal
in May, but called the “fairness hearing” to weigh objections
from about 13,000 claimants challenging the settlement to
resolve some of BP’s liability for the worst offshore oil spill
in U.S. history.

Oct 27, 2012

Insight: BP oil spill settlement before election seen unlikely

HOUSTON (Reuters) – For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and BP Plc over the Gulf of Mexico oil spill that could send billions of dollars to Florida, one of a handful of politically divided states that could decide the November 6 contest.

Yet a last-minute settlement with London-based oil giant BP is unlikely before the election, experts say. Neither the Justice Department or President Barack Obama, whose race with challenger Mitt Romney is deadlocked in most polls, want to appear to politicize a deal. And Obama appears to face more potential risks than benefits from any settlement at this point.

    • About Chris

      "Chris has been a journalist for Reuters since 2001, when he joined the Washington DC bureau as a summer intern. As a correspondent in Washington, Chris covered energy policy, reported on Congress, the Supreme Court and federal agencies like the Environmental Protection Agency. As Houston Bureau Chief, Chris oversees a team of five reporters and covers general news topics like the BP oil spill, hurricanes, NASA, and national politics. In addition, Chris oversees a team of Power and Gas reporters in New York and Houston."
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