Tag: BP Gulf Spill
Univ. of Houston students work with industry on powerful new blowout preventer
Read says his design can deliver five million pounds of shear force, more than twice as much as the most powerful rams shears available today University of Houston engineering students are expected to complete a CAPSTONE project in their senior year. For one group of seniors, that means working on cutting-edge designs for the next […]
Deepwater Horizon accident drags on BP Q2 earnings
Net loss of $5.82B compared with net income of $3.37B a year earlier, thanks to Deepwater Horizon charges BP reported a second-quarter loss Tuesday after the London-based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident. The report is the first since BP announced a deal that will provide a […]
BP Gulf settlement: Texas share is $750 million
Settlement funds will be used to support Texas’ Gulf Restoration plan Texas will receive more than $750 million as part of the $20.2 billion settlement with BP Exploration and Production Inc. and the governor says all of it will go to Gulf economy, environment rehabilitation. “After five years, I’m proud to announce that Texas, along with the […]
BP motion to block Alabama Gulf oil spill claims jury trial denied
Alabama Gulf oil spill trial can be heard by jury A judge says Alabama’s Gulf oil-spill-damage claims under the federal Oil Pollution Act can be heard by a jury. BP had moved to block a jury trial for the state, saying that neither the Oil Pollution Act nor admiralty law provides the right to a […]
Connect
Connect with us on the following social media platforms.