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When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of ...
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. Litigation commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for financial ...
The 2015 film The Runner, directed by Austin Stark and starring Nicolas Cage, is a fictional story of a politician and his family set in the aftermath of the Deepwater Horizon disaster. [118] [119] In 2016, Deepwater Horizon, a film based on the explosion, directed by Peter Berg and starring Mark Wahlberg was released. [120]
The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. [ 1 ]
Halliburton Resolves Department of Justice Deepwater Horizon Investigation HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYS: HAL) today announced that it has reached an agreement with the U.S ...
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In April 2014, the parties reached a $5.15 billion settlement in what was at the time the largest environmental contamination settlement in American history. [39] [2] Since then the total amount for the complete and comprehensive cleanup of the BP DeepWater Horizon incident has passed $60 billion. [citation needed]
BP. $20 billion. In 2016, a federal judge in New Orleans approved a settlement forcing oil company BP to pay $20 billion in reparations for an offshore oil spill in the Gulf of Mexico, about six ...