Deepwater Horizon: All Criminal Claims Resolved

Press Release
Wednesday, January 30, 2013

BP announces US District Court’s acceptance of its plea relating to the Deepwater Horizon accident.

BP announce that the US District Court for the Eastern District of Louisiana has accepted the company’s plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill, and response. The company offered its plea to the Court and was sentenced in connection with the agreement BP reached with the Department of Justice (DOJ) on November 15, 2012.

As previously announced, BP will pay $4 billion over a period of five years and will serve a term of five years’ probation. Pursuant to the terms of the plea agreement, the Court also ordered certain equitable relief, including additional actions related to BP’s risk management processes as well as several initiatives with academia and regulators to develop new technologies related to deepwater drilling safety.

In addition, as outlined in the company’s November 2012 agreement with the DOJ, BP will appoint a process safety monitor and an ethics monitor, both with a term of four years, and an independent auditor will report annually on BP’s compliance with the remedial terms of probation.

At the hearing today, Luke Keller, a Vice President of BP America Inc., addressed the Court, the families of the deceased, and other victims of the Deepwater Horizon tragedy and reiterated the company's deep regret and apology for its role in the Deepwater Horizon accident.

“We – and by that I mean the men and the women of the management of BP, its Board of Directors, and its many employees – are deeply sorry for the tragic loss of the 11 men who died and the others who were injured that day,” said Mr. Keller. “Our guilty plea makes clear, BP understands and acknowledges its role in that tragedy, and we apologize – BP apologizes – to all those injured and especially to the families of the lost loved ones. BP is also sorry for the harm to the environment that resulted from the spill, and we apologize to the individuals and communities who were injured.”


 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

USCG Boatcrew Searching for Burglary Suspect

U.S. Coast Guard (USCG) search-and-rescue crews are currently searching for a burglary suspect in the vicinity of the Rickenbacker Causeway near Miami, Fla. Friday morning.

US Steel Producers Win Anti-dumping Case

The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers

China Appeals WTO Ruling on US Solar Panel Dispute

China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday.

Offshore

Gazprom, Vietnam Boost Cooperation in Energy Sector

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Fam Suan Shon, Ambassador Extraordinary

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

EBDG Completes Repower of COLUMBIA

Elliott Bay Design Group (EBDG), a leading naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alaska today announced

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1489 sec (7 req/sec)