BSEE Proposes Softening of Offshore Drilling Rules - WSJ
A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role of government in offshore oil production, the Wall Street Journal reported on Monday. The Bureau of Safety and Environmental Enforcement (BSEE), which regulates offshore oil and gas drilling, proposes relaxing requirements to stream real-time data on oil production operators to facilities onshore, where they are available for review by regulators, the Journal reported.
BP Deepwater Horizon Costs Balloon to $65 Billion
BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion. The post-tax, non-operating $1.7-billion charge BP will take in its fourth quarter results came after claims resolved in recent months were about seven times higher than anticipated, the London-based company said. The claims were part of the Court Supervised Settlement Program that was set up in the wake of the disaster and included nearly 400,000 cases, BP said.
Transocean Rig Deepwater Horizon Extension
Transocean Ltd. (NYSE:RIG) announced that its ultra-deepwater semisubmersible rig Deepwater Horizon has been awarded a three-year contract extension by a subsidiary of BP p.l.c. (NYSE:BP) for operations in the U.S. Gulf of Mexico commencing in September 2010. Estimated contracted revenues related to the three-year contract extension are approximately $544m. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments. The Deepwater Horizon is one of 41 High-Specification Floaters in the Transocean fleet, 20 of which are ultra-deepwater drillships and semisubmersible rigs.
BP Puts Tab for Gulf Disaster at $62 Bln
BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident. As a result, taking into account this estimate together with other positive tax adjustments, BP expects to take an after-tax non-operating charge of around $2.5 billion in its second quarter 2016 results. This charge is expected to include a pre-tax non-operating charge associated with the oil spill of around $5.2 billion.
Deepwater Horizon Joint Investigation Team Releases Final Report
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)/U.S. Coast Guard Joint Investigation Team (JIT) today released its final investigative report on the April 20, 2010, Deepwater Horizon explosion, loss of life, and resulting oil spill. The report is comprised of Volume I, covering the areas of investigation under the jurisdiction of the Coast Guard; Volume II, covering the areas of the investigation under BOEMRE jurisdiction; and a supplement to Volume I – the Final Action Memo from Coast Guard Commandant Adm. Bob Papp. The JIT was formed on April 27, 2010, by a convening order of the Departments of the Interior and Homeland Security to investigate the causes of the Deepwater Horizon explosion…
USCG: Deepwater Horizon Response is Far from Complete
The U.S. Coast Guard federal on-scene coordinator (FOSC) for the Deepwater Horizon Response completed the transition to the “Middle Response” (“Middle R”) process and opened active National Response Center (NRC) cases for three miles of coastline in Louisiana. “Our response posture has evolved to target re-oiling events on coastline segments that were previously cleaned,” said Capt. Thomas Sparks, the FOSC for the Deepwater Horizon Response. “But let me be absolutely clear: This response is not over – not by a long shot.
Six Years after BP Spill, US Sets New Offshore Oil Safety Rules
The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include more stringent design requirements and operational procedures for offshore U.S. oil and gas operations. The new standards come nearly six years after a deadly explosion and fire on the Deepwater Horizon oil rig off the cost of Louisiana, which led to the worst oil spill of all time.
Deepwater Horizon Joint Investigation Preliminary Report: USCG Jurisdiction
The Joint Investigation Team charged with examining the explosion on board the mobile offshore drilling unit Deepwater Horizon and resulting oil spill – comprised of representatives of the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the U.S. Coast Guard – announced Friday that the Coast Guard members of the team have released their findings related to issues under Coast Guard jurisdiction. The findings, which comprise Vol. I of the Joint Investigation Team Report, cover five aspects of the disaster – including the explosions on the Mobile Offshore Drilling Unit (MODU) Deepwater Horizon; the resulting fire; evacuations; the flooding and sinking of the Deepwater Horizon; and the safety systems of the MODU and its owner, Transocean.
Fire on Deepwater Horizon in GOM
In the photo, a Coast Guard MH-65C dolphin rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors April 21, 2010. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizon's 126 person crew. Transocean Ltd. reported the fire onboard its semisubmersible drilling rig Deepwater Horizon, which occurred April 20, 2010 at approximately 10:00 p.m. central time in the United States Gulf of Mexico.
Wahlberg Headlines Film on Deepwater Horizon Tragedy
Nearly six years after the BP oil spill in the Gulf of Mexico, Hollywood takes its shot at recounting the tragedy with a film due this fall aiming to tell the story on the fatal blowout and its aftermath. The oil spill, one of the largest environmental disasters in global history, is depicted in the film Deepwater Horizon, named after the Transocean-operated semisubmersible Mobile Offshore Drilling Unit which suffered a catastrophic blowout and explosion on April 20, 2010, killing 11 workers and injuring 16 others…
Senate Bill Re Oil Spill Economic Damages
Senator Vitter (R-LA) introduced a bill (S. 3461) to create a fair and efficient system to resolve claims of victims for economic injury caused by the Deepwater Horizon incident, and to direct the Secretary of the Interior to renegotiate the terms of the lease known as ``Mississippi Canyon 252'' with respect to claims relating to the Deepwater Horizon explosion and oil spill that exceed existing applicable economic liability limitations. Official text of the bill is not yet available. (6/7/10). (Source: Bryant’s Maritime News)
BP's Wells Doesn't Know Who Was in Charge
According to an August 26 report from Bloomberg, BP Plc’s Kent Wells, a senior vice president who joined the Gulf of Mexico oil-spill response two days after it began four months ago, said he doesn’t know who was in charge aboard the Deepwater Horizon drilling rig when it exploded in April. Wells, a former chief of shallow-water exploration in the Gulf who has overseen BP’s onshore U.S. natural-gas business since 2007, told the panel he doesn’t know why the company never followed up on audits that showed the Deepwater Horizon was behind on some maintenance and inspections. (Source: Bloomberg)
Landrieu to Keynote NAPEPA Environmental Conference
Senator Mary Landrieu to Keynote Environmental Conference on the Deepwater Horizon Lessons; Industry, public and government to meet on second anniversary of accident. Observing the second anniversary of the Deepwater Horizon accident off the Gulf Coast, Senator Mary Landrieu will be the keynote speaker at the North American Marine Environment Protection Association’s (NAMEPA) conference on April 20th. Entitled “Deepwater Horizon: two years after and beyond”, the conference will be held at the Sheraton New Orleans with registration beginning at 0800hrs.
Transocean Drills Deepest Oil and Gas Well
Transocean Ltd. (NYSE:RIG)announced that its ultra-deepwater semisubmersible rig Deepwater Horizon recently drilled the deepest oil and gas well ever while working for BP and its co-owners on the Tiber well in the U.S. Gulf of Mexico. Working with BP, the Transocean crews on the Deepwater Horizon drilled the well to 35,050 vertical depth and 35,055 feet measured depth (MD), or more than six miles, while operating in 4,130 feet of water. "This impressive well depth record reflects the intensive planning and focus on effective operations by BP and the drilling crews of the Deepwater Horizon…
Salazar Directs Deepwater Oil & Gas Containment Exercise
MWCC to Deploy Capping Stack for Exercise in the Gulf. As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to expand safely and responsibly, Secretary of the Interior Ken Salazar today charged the Marine Well Containment Company (MWCC) with conducting a live drill this summer to deploy critical pieces of state-of-the-art well control equipment in the Gulf of Mexico.
Deepwater Horizon: All Criminal Claims Resolved
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…
Halliburton Guilty Plea in Deepwater Horizon Case
Halliburton Pleads Guilty to Destruction of Evidence in Connection with Deepwater Horizon Disaster and Is Sentenced to Statutory Maximum Fine; Former Halliburton Manager Is Charged. Halliburton Energy Services Inc. (Halliburton) pleaded guilty today to destroying evidence pertaining to the 2010 Deepwater Horizon disaster and was sentenced to the statutory maximum fine, the Justice Department announced. In addition, a criminal information was filed today charging a former Halliburton manager, Anthony Badalamenti, 61, of Katy, Texas, with one count of destruction of evidence.
Gulf Oil Spill – Conservationists Sue for Dispersant Harm
Conservation groups have sued the Environmental Protection Agency and the U.S. Coast Guard for authorizing toxic oil dispersants without ensuring that these chemicals would not harm endangered species or their habitats. The groups want the EPA to immediately study the effects of dispersants on endangered and threatened species in all U.S. waters, including threatened and endangered whales, sea turtles, salmon and seabirds in the Pacific and polar bears and walruses in the Arctic. “If chemical dispersants are going to be used after an oil spill, we have to know whether they’ll hurt or kill whales, sea turtles and other wildlife.
Protecting Worker Health during Oil Spill Cleanup
The U.S. Coast Guard Federal on Scene Coordinator for the BP Deepwater Horizon response and the U.S. Department of Labor’s Occupational Safety and Health Administration announced the signing of a memorandum of understanding concerning worker safety and health issues related to the Deepwater Horizon oil spill response in the Gulf of Mexico. The MOU solidifies the close working relationship between the Coast Guard and OSHA and establishes a specific mechanism for coordination between the Deepwater Horizon FOSC and OSHA. OSHA and the FOSC recognize the importance of close cooperation among all agencies that have responsibilities during the oil cleanup efforts. The MOU furthers joint efforts to monitor compliance with safety standards and to protect workers.
Seventh Session of Deepwater Joint Investigation Concludes First Day
The Deepwater Horizon joint investigation board concluded April 4 the first day of its seventh session of hearings examining the circumstances surrounding the loss of 11 lives, the sinking of the Mobile Offshore Drilling Unit Deepwater Horizon and subsequent oil spill in the Gulf of Mexico, following the April 20, 2010 explosion and fire aboard the Deepwater Horizon. The joint investigation board has the powers of both convening agencies, the United States Coast Guard and the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), and is co-chaired and staffed by representatives of both agencies. For the public hearing…
Safety Alert No. 2: Deepwater Horizon Explosion
On April 20, 2010, a loss of well control occurred and resulted in an explosion and fire on the Mobile Offshore Drilling Unit Deepwater Horizon. Eleven lives were lost in this incident and the MODU subsequently sank. As of the date of this safety alert the well has not been secured, and the resulting release of oil has been declared a spill of national significance with oil threatening sensitive coastlines and resources in the Gulf of Mexico. At the time of the accident, the Deepwater Horizon was operating 52 miles from shore in 4,992 feet of water with a subsea BOP stack. After the Deepwater Horizon sank, ROV's confirmed that the riser was bent over and still attached to the BOP and that oil is flowing from leaks in the riser above the BOP.
Deepwater Criminal Charges for Former BP Engineer
Former BP Engineer Arrested for Obstruction of Justice in Connection with the Deepwater Horizon Criminal Investigation; First Criminal Charges to Result from the Deepwater Horizon Task Force Investigation. Kurt Mix, a former engineer for BP plc, was arrested today on charges of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster, announced Attorney General Eric Holder, Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, U.S.
BOEMRE Approves Third Deepwater Drilling Permit
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a third additional deepwater drilling permit that complies with all of the new safety standards, including demonstrated containment capacity, implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. The approved permit is a revised permit to drill a new well for ATP Oil & Gas Corporation’s Well #4 in Mississippi Canyon Block 941, located approximately 90 miles south of Venice, La. “This permit approval demonstrates that deepwater drilling can and will continue in the Gulf of Mexico provided that operators have successfully demonstrated their ability to operate safely,” said BOEMRE Director Michael R. Bromwich.