Fox Business - The Power to Prosper
Search Site

Deepwater Horizon

Related Topics

  1. Gulf Oil Platform Explosion
  2. Oil Spill
  3. Vessels of Opportunity
  4. Exxon Valdez Oil Spill
  5. BP
  6. Gulf Oil Spill
Get updates on Deepwater Horizon
U.S. Judge Dismisses Obstruction Charge Against Former BP Executive In Deepwater Horizon Case

A federal judge has dismissed a criminal charge against a former BP PLC (BP) executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.Prosecutors said the executive, David Rainey, lied about the rate of oil leaking from a blown-out well in the Gulf of Mexico to members of the House Energy and Commerce Committee during a May 4, 2010 closed-door meeting and in his responses to a May 14 letter sent by Rep. Ed Markey (D-Mass.). The blow-out took place in April 2010, resulting in 11 deaths and in the worst offshore oil spill in U.S. history.Mr. Rainey said in both instances the estimated flow was about 5,000 barrels per day but internal BP documents from the time showed the company believed the rate was likely much higher.In a ruling Monday, U.S. Southern District of Louisiana Judge Kurt Engelhardt agreed with Mr. Rainey's attorneys that the meeting and the letter didn't constitute a ...

Read More ›

  1. Interior Secretary Asks Energy Executives to Acknowledge Own Role in Regulatory Slowdown

    Secretary of the Interior Sally Jewell said she asked energy industry executives to accept the role they play in how slowly new regulations move forward, warning the...

  2. Transocean First-Quarter Profit Soars on Year-Earlier Losses

    Transocean Ltd.'s (RIG) first-quarter profit soared as the offshore-oil driller benefitted from a year-earlier comparison that included significant impairment and di...

  3. Lenders Led by Credit Suisse Win ATP Auction

    Secured lenders led by Credit Suisse AG (CS) have been declared winners of an auction for the oil and gas drilling assets of ATP Oil & Gas Corp. (ATPAQ) with an offe...

  4. Coastal Governors Want More Offshore Drilling

    Governors of coastal states say the shadow cast by Deepwater Horizon has loomed too large and lingered too long--now they want more drilling off their coasts and the...

  5. BP Executive Expects Rosneft Stake to Yield Partnerships in Russia

    BP PLC (BP, BP.LN) expects its stake in OAO Rosneft (ROSN.RS) to flourish into direct partnerships to tap Russia's oil wealth, the head of the company's exploration ...

  6. Glass Lewis Supports Transocean's Dividend Proposal, Backs One of Icahn's Board Nominees

    Proxy advisory firm Glass Lewis said it supports offshore oil-driller Transocean Ltd.'s (RIG) proposed dividend over Carl Icahn's proposal for a higher payout, but a...

  7. Transocean Cutting Positions, Closing Facilities in Onshore Business

    Transocean Ltd. (RIG) said it has started cutting positions and closing facilities tied to its onshore business, continuing the company's efforts to focus on the hig...

  8. New York City sues BP over Deepwater Horizon spill: Comptroller

    New York City said on Friday that it sued BP Plc for over $39 million of losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct ...

  9. ISS Backs Two Icahn Nominees to Transocean Board

    Proxy advisory service Institutional Shareholder Services has recommended Transocean Ltd. (RIG) shareholders vote for two of three board candidates proposed by activ...

  10. U.S. appeals court expedites BP spill claims case

    A federal appeals court has agreed to speed up the process of determining whether BP Plc's settlement with class-action plaintiffs over the 2010 Gulf of Mexico oil s...

  11. Halliburton Boosts Deepwater Horizon Claim Reserves

    Halliburton Co. (HAL) said Monday it is in advanced stages of talks to settle private claims stemming from the 2010 Deepwater Horizon rig explosion, and it is settin...

  12. Halliburton Posts 1st-Quarter Loss on Higher Litigation Reserves

    Halliburton Co. (HAL) swung to a first-quarter loss on a $637 million increase in reserves tied to litigation involving the Deepwater Horizon disaster, while growth ...

  1. Correction to Transocean CEO Welcomes Merksamer Headline

    Transocean Ltd. (RIG, RIGN.VX) shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time...

  2. Transocean CEO Confirms Shareholders Rejected Icahn's Dividend Proposal

    Transocean Ltd. (RIG, RIGN.VX) shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time...

  3. Payout official set for surge in BP spill claims

    The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on ...

  4. Official set for surge in BP spill claims as deadline nears

    The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on ...

  5. Glencore Xstrata Appoints Former BP CEO As Interim Chairman

    Glencore Xstrata PLC (GLEN.LN) has appointed the former BP PLC (BP) chief executive Tony Hayward as its interim chairman after shareholders voted against the electio...

  6. Glencore Appoints Hayward Interim Chairman: WSJ

    Glencore Xstrata PLC named Tony Hayward, former chief executive of BP PLC interim chairman, according to The Wall Street Journal. The appointment came as shareholder...

  7. Glencore Xstrata to appoint Hayward as interim chairman: source

    Glencore Xstrata is set to appoint former BP boss Tony Hayward as interim chairman, after John Bond failed to be reelected to the top job at the company's inaugural ...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Deepwater Horizon on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL