How Much Did BP Pay For The Oil Spill?

by | Last updated on January 24, 2024

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It'll cost $6.4 million, but the city has that sum covered, thanks to their settlement with BP Oil. Almost 10 years since the Deepwater Horizon disaster in the Gulf of Mexico and five years from the settlement was announced, BP oil money is still coming to Tampa Bay.

How much did BP pay the families?

Settlements with families of workers killed in last year's Deepwater Horizon oil-rig explosion are running at $8 million to $9 million so far, a range sharply inflated by companies' interest in avoiding another possible wave of bad publicity from the accident.

How much did the BP oil spill clean up cost?

BP also paid about $15 billion in cleanup costs and another $20 billion in economic to companies and individuals harmed by the spill.

How much does BP still owe for the oil spill?

How much has the spill cost BP? In addition to the money it's paid to Gulf Coast residents and businesses, it has paid $20 billion to settle suits brought by states and the federal government; a $4 billion fine levied by the U.S. Department of Justice; and $32 billion toward the cleanup.

How much compensation did Deepwater Horizon survivors get?

In addition to the money it's paid to Gulf Coast residents and businesses, it has paid $20 billion to settle suits brought by states and the federal government; a $4 billion fine levied by the U.S. Department of Justice; and $32 billion toward the cleanup. That comes to about $70 billion —so far.

Did anyone from BP go to jail?

BP Exploration and Production Inc. pleaded guilty to 14 criminal counts for its illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4 billion in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder announced today.

How much did BP pay the survivors?

BP spill settlement money to pay for dozens of recreation projects. About $60 million from the BP oil disaster settlement will pay for more than two dozen outdoor recreational projects across the Louisiana coas...

Did Andrea Fleytas jump?

Fleytas jumped in . The remaining people on the rig, including Capt. Kuchta, leapt into the Gulf. Something did not just go wrong.

Is Deepwater Horizon still leaking?

One oil well off the southeastern coast of Louisiana, owned by Taylor Energy, has been leaking since 2004 , spilling between 300 and 700 barrels per day. The well's reserves could keep it leaking for the next 100 years if it isn't capped, meaning it will one day eclipse the Deepwater Horizon spill in terms of volume.

What is BP net worth?

BP net worth as of September 21, 2021 is $83.35B . BP p.l.c. is the holding company of one of the world's largest and petrochemicals groups.

Did Donald Vidrine get fired?

Vidrine were dropped when he agreed to plead guilty to a misdemeanor pollution charge in 2015 and testify against Mr. Kaluza. Mr. Kaluza chose to go to trial and was acquitted last year.

Is the movie Deepwater Horizon accurate?

But, unlike many films based on true events, Deepwater Horizon actually stays remarkably close to real life . ... The movie draws heavily from a throughly researched 2010 New York Times article documenting the incident. But, still, the movie's portrayal is not flawless.

Is Andrea Fleytas a real person?

But eventually the narrative centered on a handful of real-life figures, including Williams, Transocean offshore installation manager Jimmy Harrell (Kurt Russell), bridge officer Andrea Fleytas (Gina Rodriguez) and BP rep Donald Vidrine (John Malkovich).

What happened to Jimmy Harrell?

A supervisor on the Deepwater Horizon oil rig that exploded in the Gulf of Mexico in 2010 has died. Harrell, who worked for rig owner Transocean, died Monday, according to Wolf Funeral Home in Morton, Mississippi. ... He had battled cancer for a year.

Who was responsible for BP oil spill?

U.S. District Judge Carl Barbier said BP was mostly to blame for the 2010 Gulf of Mexico disaster, which killed 11 people and spewed oil into the water for 87 days. Barbier attributed 67% of the fault to BP, 30% to Transocean, which owned the Deepwater Horizon drilling rig, and 3% to Halliburton , the cement contractor.

What was the largest oil spill in history?

On April 20, 2010, the oil drilling rig Deepwater Horizon , operating in the Macondo Prospect in the Gulf of Mexico, exploded and sank resulting in the death of 11 workers on the Deepwater Horizon and the largest spill of oil in the history of marine oil drilling operations.

David Evans
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David Evans
David is a seasoned automotive enthusiast. He is a graduate of Mechanical Engineering and has a passion for all things related to cars and vehicles. With his extensive knowledge of cars and other vehicles, David is an authority in the industry.