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2015-07-03 17:50:00

BP WILL PAY $18.7 BLN

BP WILL PAY $18.7 BLN

BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said.

The following is a timeline of key events:

  • April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases millions of barrels of crude oil into the Gulf of Mexico. The well is capped in mid-July. BP ultimately sets aside $42 billion to pay for cleanup costs, damages and penalties.

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Tags: BP, OIL, SPILL, BRITISH, PETROLEUM
Chronicle:
BP WILL PAY $18.7 BLN
2020, January, 20, 11:53:00
PROJECT FINANCE & PROJECT FINANCIAL MODELLING WORKSHOP
Registration opens for 2020 Project Finance & Project Financial Modelling workshop A 5-days course covers both project finance and financial modelling best practices.
BP WILL PAY $18.7 BLN
2020, January, 20, 11:52:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
BP WILL PAY $18.7 BLN
2020, January, 20, 11:51:00
7th ANNUAL INTERNATIONAL LNG CONGRESS RUSSIA, MOSCOW, 18-19 March 2020
Established one-of-a-kind platform for senior executives of large, medium, and small-scale Lng plants. Event: 7th Annual International LNG Congress Russia Date: 18-19 March 2020 Venue: Moscow, Baltschug Kempinski Organiser: Vostock Capital
BP WILL PAY $18.7 BLN
2020, January, 20, 11:50:00
NORWAY'S DECEMBER PRODUCTION 2.082 MBD
Norway's preliminary production figures for December 2019 show an average daily production of 2 082 000 barrels of oil, NGL and condensate, which is an increase of 95 000 barrels per day compared to November.
BP WILL PAY $18.7 BLN
2020, January, 20, 11:45:00
GERMANY NEED RENEWABLE
a sharp rise in the Germany’s renewable generation capacity was needed over the next 15 years to meet demand from the electrification of heating, transport and other industries.
BP WILL PAY $18.7 BLN
2020, January, 20, 11:40:00
RENEWABLE ENERGY BILLS TO WATCH
A “clean energy resource” is defined as “any technology used to generate electricity without emitting carbon dioxide into the atmosphere,” including “(i) electric generation facilities that are powered by nuclear, solar, wind, falling water, wave motion, tides, or geothermal power; (ii) a natural gas-fired generation facility with 80 percent carbon capture; or (iii) a coal-fired generation facility with 90 percent carbon capture.”
BP WILL PAY $18.7 BLN
2020, January, 20, 11:35:00
TAJIKISTAN'S GDP UP 5.5%
Tajikistan's economic activity has been strong in 2018-19.
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