Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Judge pegs Macondo spill at 3.19m barrels

    Judge pegs Macondo spill at 3.19m barrels

    January 16, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp
    BP's Macondo rig explosion and oil spill.
    BP’s Macondo rig explosion and oil spill.

    16 January 2015 – A Louisiana judge has ruled BP should pay US pollution fines on 3.19 million barrels of oil for the 2010 Macondo explosion and spill, avoiding a worst-case outcome but still exposing the company to as much as $13.7 billion in penalties.

    The final decision by Carl Barbier fell below the US government’s push for fines on 4.2 million barrels, which could have exposed the company to over $18 billion in fines.

    “The court found that BP was not grossly negligent in its source control efforts,” the UK supermajor said in a statement.

    “BP believes that considering all the statutory penalty factors together weighs in favour of a penalty at the lower end of the statutory range.”

    The April 2010 blowout killed 11 workers and led to the worst offshore spill in US history.

    The result is the first reprieve in some time for BP on the legal front, as the supermajor has already booked some $42.7 billion in costs with the disaster and is keen to stanch the bleeding.

    The company was found grossly negligent in its handling of the spill in the first phase of the three-part trial last September.

    A gross negligence finding generally allows government prosecutors to seek up to $4300 per barrel in penalties for spilt oil when the per-barrel cap is otherwise $1100.

    A third phase kicking off next Tuesday will determine the ultimate penalties in the spill.
    *Kathrine Schmidt – Upstreamonline

    Related News

    Military busts 27 illegal refineries in Rivers, Bayelsa, others

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    E-book
    Resilience Exhibition

    Latest News

    NDPHC launches 7.5MVA substation in Borno to boost power supply

    June 9, 2025

    Nigeria sends mining scholars to Australia for training

    June 9, 2025

    Shipping firms dodges $900m cost, as Nigeria hit by empty container glut

    June 9, 2025

    Military busts 27 illegal refineries in Rivers, Bayelsa, others

    June 9, 2025

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    June 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.