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IT ONLY TOOK a few weeks for Jim Cowan to discover there was more to BP's massive Macondo oil spill than meets the eye. He was part of a team [...]

On April 20, 2010, an explosion on a BP offshore drilling rig created a massive oil leak into the Gulf of Mexico. Just 17 days later, on May 7, 2010, [...]

Presents news pertaining to the Oceanic Society of the U.S. Advocacy of oil spill liability and compensation issues; Annual "26 miles across the sea" trek of the Los Angeles, California chapter; Long Island Sound chapter's weekend of whale-watching adventure in Provincetown, Massachusetts; Changes in the ranks of the National Program's Board of Trustees; Worsening of the plastic debris problem.

Discusses the implications of the Oil Pollution Act of 1990 on the petroleum industry. Approaching deadline for compliance; Penalties for non-compliance; Objections from tanker operators; Coverage of the new regulations.

Byline: The Associated Press BATON ROUGE - Lawmakers added $15 million today to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by [...]

The article focuses on the plan of U.S. President Barack Obama on dealing with the oil spill at BP Global's Macondo/MC252 well in the Gulf of Mexico. Signed by Obama into law was an amendment to the Oil Pollution Act of 1990 (OPA 90) allowing the U.S. Coast Guard to withdraw funds of up to 100 million U.S. dollars from the Oil Spill Liability Trust Fund for their response to the Macondo/M252 well spill. Also noted is the suggestion of Obama that BP Global should pay for damages to residents and impact on the environment.

In what could be seen as an ironic twist, fallout from the 2010 Macondo oil spill could deliver the long-sought funds needed to help complete the elevated replacement of a [...]

Byline: MICHAEL DONHAUSER The bill for the Deepwater Horizon oil rig explosion and spill already has reached 38 billion dollars, but British Petroleum (BP) still faces the possibility of more [...]

The article presents statistics on the Exxon Valdez oil spill of nearly two decades ago when millions of gallons of crude oil were spilled into Alaska's Prince William Sound.

Provides briefs related to business. Merger between Cargill and IMC Global; How ExxonMobil was ordered to pay about $7 billion to the victims of the oil spill in 1989; Closure of 20 factories and decrease in payrolls by 20 percent at Kraft.

India has approved four new ship underwriters that are not part of a global body, and whose liability cover against risks including oil spills and collisions, for foreign ships calling [...]

Shaun Polczer, CALGARY: BP is further reducing its Canadian presence with the $1.7 billion sale of its natural gas liquids (NGLs) business. The supermajor is pressing ahead with a $45 [...]

Mitsui has agreed to pay $90 million to settle its liability in the Deepwater Horizon oil spill in the Gulf of Mexico, the Department of Justice said. The settlement requires [...]

Byline: Other Cameron International (CAM) is a leading oilfield equipment manufacturer. It is gaining ground on global demand for petroleum while fending off lingering litigation related to the BP oil [...]

The article presents the paper presented at the special session commemorating the 1971 International Oil Pollution Compensation (IOPC) Funds in London, England on April 17, 2015. Topics discussed during the session include the IOPC Funds policy, the significant decisions of the IOPC Fund bodies and the admissibility of claims criteria of its Intersessional Working Group.

Byline: Mac Margolis Campos Basin, Brazil President Dilma Rousseff once called Brazil's offshore oil reserves 'evidence that God is Brazilian.' But energy euphoria was muted when an accident at a [...]

Martin Quinlan, LONDON: Shell and other foreign companies with operations in Nigerias onshore potentially face large compensation claims for past oil spills, following a case brought in Londons High Court [...]

hen an atmospheric tank at the Buncefield oil depot exploded in 2005, it cost insurers around 1bn in claims and 9.5m in fines for the companies found responsible. The 161 [...]

Byline: THE LEARNING NETWORK Can you calculate the cost to clean up an oil spill, based on the per-gallon clean-up cost of another spill? To view this article at nytimes.com, [...]

Viking Pump Inc announced that an electric heat option is available on its Universal Seal series of cast iron pumps. The firm continues to offer its asphalt/bitumen pumps fitted with [...]

Abu Dhabi has approached former BP chief executive Tony Hayward to set up a new oil company, in a deal worth billions of dollars. Hayward, who stepped down in October [...]

Byline: RECORDER REPORT The Pakistan State Oil (PSO) has approached National Investment Company Limited (NICL) for insurance cover for its imports against any possible oil spill at the ports. PSO [...]

Byline: Chris in Paris Jan. 6, 2011 (AMERICAblog (http://www.americablog.com/) delivered by Newstex) -- And we all know how tough it has been for the oil industry to make any money. [...]