A Macondo well lessee agrees to a $1 billion settlement with BP over the Gulf of Mexico oil spill, and, a $212 million settlement is reached with two Madoff feeder funds. Hear these and other stories from LexisNexis® Mealey's Publications. Copyright©... Read More
NEW ORLEANS - BP on Dec. 5 filed a motion in the multidistrict litigation court in Louisiana federal court for claims arising from the explosion of the Deepwater Horizon oil rig and ensuing oil spill, seeking sanctions against Halliburton Energy Services... Read More
U.S. Judge Carl J. Barbier of the Eastern District of Louisiana says that settlement communications in the Gulf of Mexico oil spill cases are to remain confidential, and, a $3.5 million punitive damages award is vacated in an auto-worker's discrimination... Read More
NEW ORLEANS - (Mealey's) BP PLC and MOEX Offshore 2007 LLC and affiliates Mitsui Oil Exploration Co. and MOEX USA Corp., which had a 10 percent interest in the Macondo Well where the Deepwater Horizon oil rig was drilling, announced May 20 that they... Read More
Natural gas in various forms comprised approximately 2/3 of the hydrocarbons emitted from the Deepwater Horizon well blowout. Methane is believed to compose an estimated 87.5% of that natural gas. Sampling in June 2010 found no microbial breakdown of... Read More
By Chip Merlin, Managing Partner, Merlin Law Group I hate to make doomsday predictions, but there is a possibility that the BP Oil Spill could be worse than any hurricane or catastrophe that I have been involved with. I spent yesterday speaking with... Read More