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Chevron’s $50 Billion Deal For Anadarko Creates Leading Permian Powerhouse

The past ten years of the fracking revolution has seen oil flows from the Permian … In addition to the Permian assets, Chevron also adds 400,000 acres in Colorado, deepwater fields in the Gulf of …

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US Supreme Court Rejects BP plc (ADR) , Anadarko Petroleum Corporation Appeal Over Deepwater Horizon Spill Penalties

The world’s largest offshore drilling company has already agreed to reimburse $ 1 billion in civil fines, in relation to the oil spill. Judge Barbier made a ruling that the London-based company was grossly negligent in handling its affairs and would be …
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BP, Anadarko May Face Billions in Fines on Spill Ruling – Bloomberg


Evening Standard

BP, Anadarko May Face Billions in Fines on Spill Ruling
Bloomberg
BP Plc (BP/) and Anadarko Petroleum Corp. (APC) could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the 2010 Gulf of Mexico
BP, Andarko must face fines for US gulf oil spill: courtReuters
Court: BP Must Pay Clean Water Act Fines for SpillABC News
Judge: Owners of Macondo well cannot avoid oil spill finesMississippi Business Journal (blog)

all 55 news articles »

oil spill – read more

BP recovers $4 bn Gulf oil spill costs from Anadarko – YAHOO!

Energy giant BP said Monday it had recovered $4.0 bn (£ 2.5 bn) in costs linked to last year’s devastating Gulf of Mexico oil spill from US group Anadarko Petroleum Company. “BP today announced that it has reached agreement with Anadarko Petroleum Company …
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BP gets $4 bln from Anadarko for oil spill costs – The Guardian

LONDON, Oct 17 (Reuters) – Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …
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BP, Anadarko Settle Gulf Oil Spill Claims – Huffingtonpost.com

LONDON — Anadarko Petroleum Co. has agreed to pay $4 billion to BP PLC as part of a settlement related to last year’s Gulf of Mexico oil spill, adding weight to BP’s contention that it was not solely responsible for the disaster. BP said …
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Anadarko Liable by Law for Gulf Oil Spill, U.S. Lawyers Say – Bloomberg

Anadarko Petroleum Corp. (APC) is liable under federal oil pollution laws for environmental damage caused by the April 2010 blowout of the Macondo well and the Gulf of Mexico oil spill that followed, the U.S. government said. The exploration and production …
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Anadarko Liable for Environmental Damage From Gulf Spill, U.S. Lawyers Say

Anadarko Petroleum Corp. (APC) is liable under federal oil pollution laws for environmental damage caused by the April 2010 blowout of the Macondo well and the Gulf of Mexico oil spill that followed, the U.S. government said.
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Mitsui’s Moex, Anadarko Sue BP Over Gulf Blowout, Oil Spill – BusinessWeek

(Updates with BP response to Anadarko claim in eighth paragraph.) April 20 (Bloomberg) — BP Plc was sued by Mitsui & Co.’s Moex Offshore LLC unit and Anadarko Petroleum Corp. over economic losses from the blown-out Macondo well and the Gulf of Mexico …
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