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Chip Merlin - BP Oil Spill Could Be Worse Than Any Hurricane Damage and Much More Widespread--Even the East Coast of Florida Could Be Impacted

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 others about the current situation. Indeed, my father...

BP Oil Spill Could Be Worse Than Any Hurricane Damage and Much More Widespread - Even Florida's East Coast of Could Be Impacted

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 others about the current situation. Indeed, my father...

Insurance Implications of the Deepwater Horizon Disaster

By Michael Cessna, of Counsel, Lathrop & Gage LLP The potential financial impact of the April 20, 2010 explosion and sinking of the Deepwater Horizon in the Gulf of Mexico may well eclipse the financial impact of the Exxon Valdez spill in 1989, which resulted in a $3.5 billion dollar settlement...

$20 Billion BP Escrow Fund To Cover Most Claims, Could Grow Larger

ATLANTA - The $20 billion BP escrow fund to compensate victims of the Gulf oil spill will cover all claims against the company except for environmental cleanup and could eventually grow much larger, Michael K. Rozen of Feinberg Rozen said today at HB Litigation Conferences' Oil in the Gulf:...

Dispersants In The Gulf: A ‘Scientific Experiment?’

ATLANTA - The use of dispersants on oil leaking from the sunken Deepwater Horizon rig could create a toxic stew of byproducts, and past oil spills are of little help in predicting what damage could be done to the Gulf of Mexico, speakers said today at HB Litigation Conferences' Oil in the Gulf...

Where is the methane from the BP Deepwater Horizon blowout?

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 methane. [See http://www.sciencemag.org/content/330...

BP PLC and MOEX Offshore 2007 LLC Reach $1.06 Billion Settlement over Deepwater Horizon Explosion

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 had reached an agreement in which MOEX USA will...

Legal News Podcast - BP Agrees to $ 1 Billion Settlement With Lessee in Gulf Oil Spill Disaster - Plus More Gulf Oil Spill Resources

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© 2011 LexisNexis, a division of Reed Elsevier...

LexisNexis® Legal News Podcast for July 14, 2011 - Settlement Communications In BP Oil Spill MDL Cases To Remain Confidential

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 lawsuit. Hear these and other stories from...

BP Accuses Halliburton Of Destroying Cement Testing Data

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 Inc. based on the company's alleged spoliation...