Tag Archives: bp oil

BP’s Deepwater Horizon bill tops $65bn

deep water horizon rig
The Deepwater Horizon rig pictured on fire the day after the accident on 20 April 2010.
Photograph: AFP/Getty Images

Firm’s financial pain offset by rising oil prices as it winds down payouts from 2010 disaster

January 16, 2018 — BP is nearing the end of the $65bn (£47bn) Deepwater Horizon compensation process, it said as it announced an unexpectedly high payout of $1.7bn among the final few hundred outstanding claims. Continue reading BP’s Deepwater Horizon bill tops $65bn

Unique coral reef at risk as oil companies plan to drill near Amazon river

unique coral reef
The unique reef system astonished marine biologists when its existence was widely revealed last year. Photograph: Greenpeace

Oil companies planning to drill near mouth of the river have calculated that the ecosystem has a 30% chance of being affected in the event of a spill

July 4, 2017 — Oil companies planning to drill near a vast coral reef at the mouth of the Amazon river have calculated that the unique ecosystem has a 30% chance of being affected in the event of an oil spill. Continue reading Unique coral reef at risk as oil companies plan to drill near Amazon river

The risk is too high. Why locals don’t want BP in the Great Australian Bight

great australian bight marine park
‘City of Victor Harbor CEO Graeme Maxwell warned that BP’s drilling plans represented a high risk to both the values and economy of the coastal community.’ Great Australian Bight Marine Park. Photograph: Sarah Hanson-Young

Locals on the coast of South Australia, where BP hopes to begin exploratory drilling, are nervous about the risks posed to the ocean and the threat to their livelihood

September 12, 2016 — You wouldn’t ride a roller coaster if you weren’t certain that all the bolts were sound. Yet, as reported in the Guardian on Monday, that’s just the risk being being taken with an oil-rig headed for the Great Australian Bight.  Continue reading The risk is too high. Why locals don’t want BP in the Great Australian Bight

Call to halt Great Australian Bight oil drilling amid faulty equipment fears

hydraulic connector
Hydraulic connector flange/fasteners showing failures and first engaged threads. Since 2003 enormous bolts that secure offshore oil equipment to the seafloor, including potentially in the Great Australian Bight, have been snapping in half. Photograph: Bureau of Safety and Environmental Enforcement/United States Department of the Interior

MPs and activists want BP’s exploration licences to be suspended over ‘very critical safety issue’ identified by US regulators

September 11, 2016 — Oil rigs poised to begin drilling in the Great Australian Bight could use faulty equipment that US regulators say is very likely to cause a “catastrophic incident” like the 2010 Deepwater Horizon spill in the Gulf of Mexico.  Continue reading Call to halt Great Australian Bight oil drilling amid faulty equipment fears