. Medical and Hospital News .




.
ENERGY TECH
BP paid $7 bln in Gulf disaster claims: executive
by Staff Writers
Washington (AFP) Oct 13, 2011


Oil giant BP has so far paid out around $7 billion in compensation claims arising from the deadly oil spill in the Gulf of Mexico last year, a senior executive told US lawmakers Thursday.

"There has been a spend, a payment of claims about $5.6, $5.7 billion to individuals and businesses and about $1.3 billion to government entities," said Ray Dempsey, Vice President of BP America.

A further $13 billion was spent in direct response to the disaster at the Deepwater Horizon drilling rig, but none of that came from a $20 billion trust fund BP set up in the wake of the April 20, 2010 accident, Dempsey said.

Asked at the House Natural Resources Committee how much BP's final bill would be, the BP executive said no figure had been set aside.

"It was neither a floor or a ceiling. It wasn't meant to represent any total or minimum amount of the cost associated with response to the accident," he told the congressional hearing, referring to monies allocated to the trust fund.

Dempsey gave evidence to the committee alongside officials from Halliburton and Transocean, all of whom were hit with citations Wednesday for violating oil industry regulations in connection with the disaster, in which 11 people died.

The US Justice Department is also conducting a criminal investigation into the accident, the biggest maritime oil spill in history.

By the time the well was capped 87 days later, 4.9 million barrels (206 million gallons) of crude had gushed out of the runaway well 5,000 feet (1,500 meters) below the surface of the Gulf of Mexico.

All three companies were accused by the US government in Wednesday's action of failing to "protect health, safety, property, and the environment by failing to perform all operations in a safe and workmanlike manner."

It is also alleged that they failed to "take measures to prevent unauthorized discharge of pollutants into offshore waters" and failing to "take necessary precautions to keep the well under control at all times."

The companies have 60 days to respond to the 15 citations issued by the Bureau of Safety and Environmental Enforcement.

To date, BP -- which leased the rig and was ultimately responsible for operations -- has spent $40.7 billion on the disaster and could still be liable for billions in fines, compensation and restoration costs.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
BP, Transocean, Halliburton hit with oil spill violations
Washington (AFP) Oct 12, 2011
The US government slapped BP, Transocean and Halliburton with citations for violating oil industry regulations Wednesday in what is expected to lead to massive fines for the deadly 2010 oil spill. The decision to also cite BP's subcontractors could strengthen the British energy giant's legal case for recovering some of the multi-billion dollar costs of the spill from Halliburton, which per ... read more


ENERGY TECH
UN to reduce Haiti mission, peacekeepers at record high

Radiation hotspot detected in Tokyo

Japan offers 10,000 free trips to foreigners: report

Twelve dead in China construction site accident

ENERGY TECH
Lockheed Martin Powers on the GPS III Pathfinder

Electronic Compass Market Finds its Way to 73 Percent Growth in 2011

Raytheon Joins Industry Partners in Honoring USAF for Historic Contributions Through GPS

Russia's Soyuz-2.1B carrier rocket orbits Glonass satellite

ENERGY TECH
In the brain, winning is everywhere

Alzheimer's might be transmissible in similar way as infectious prion diseases

Keeping track of reality

Merkel, rights groups hail Nobel nod to women

ENERGY TECH
Pitt biologists find 'surprising' number of unknown viruses in sewage

SAfrica may suspend rhino trophy hunts: minister

Monkeys 'move and feel' virtual objects using only their brains

Herbivore populations will go down as temperatures go up

ENERGY TECH
Social media is mixed blessing in epidemics: WHO

HIV project in India averted 100,000 infections: study

Cholera epidemic spreads in Central African Republic

Bird flu kills two in Indonesia: hospital

ENERGY TECH
China shows off its migration schemes

Hong Kong chief vows to tackle housing woes

Tibetan monastery a 'virtual prison': exiled monk

One year after contested Nobel, Norway reaches out to China

ENERGY TECH
China summons diplomats after deadly Mekong boat raid

13 bodies found after China boat raid: Thai official

China halts Mekong shipping after deadly attack

Attack on Chinese boats in Mekong River kills 11

ENERGY TECH
IMF cuts Asia forecast, sees risks from euro crisis

China to help small businesses access credit

Philippines launches $1.66 bn stimulus programme

China takes oil, gas sales tax nationwide


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement