Renewed Drilling Plans Near BP Oil Spill Epicenter Spark Concern

• Sunday, 17th May 2015
• by Egypt Oil & Gas

Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster. Drilling has begun in the closest work yet t...

BP Loses Appeal for Reduction in Oil Spill Fines

• Sunday, 22nd February 2015
• by Egypt Oil & Gas

A federal judge in the United States has rejected an attempt by BP to lower the fines it faces from its catastrophic Gulf of Mexico oil spill in 2010. U.S. District Judge Carl Barbier on Thursday agreed with governmen...

Oil Spill Trial Looms for BP

• Tuesday, 20th January 2015
• by Egypt Oil & Gas

Lawyers for the government and oil giant BP are preparing for trial in New Orleans that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill. Feder...

BP gets $4bn from Anadarko for oil spill costs

• Monday, 17th October 2011
• by Egypt Oil & Gas

BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the di...