Tag Archives: BPOilSpill

What Do I Do If My Business Was Affected by the BP Oil Spill?

It has been several years since the Deepwater Horizon explosion and subsequent oil spill, but the economic effects of the disaster are still being felt. Recently, a Terrebonne Parish man filed a lawsuit against BP, alleging a reduction in his economic earnings as a result of the BP oil spill. The plaintiff is an owner of Belle Chase company Ultra Wireline Services, a provider of support and services for other businesses involved in the oil and gas industry. The lawsuit alleges that the plaintiff’s business was not compensated for economic losses sustained due to the April 20, 2010 oil disaster. It accuses BP of either denying the plaintiff’s claim or failure to accept or sufficiently respond to his demand for compensation within 90 days. He is seeking a jury trial and all relevant damages for his loss. The Dramatic Impact of the BP Oil Spill on Gulf Businesses The BP…
Read More »

Posted in Oil Rig Accidents | Tagged | Leave a comment

Good News for Victims of BP Oil Spill as Judge Approves $20 Billion Settlement

The BP oil spill is one of the worst and most expensive disasters in Louisiana and American history. In the spring of 2010, the offshore oil rig Deepwater Horizon suffered an explosion that killed 11 workers and sent 134 million gallons of oil into the Gulf of Mexico. The Deepwater Horizon spill is considered the worst environmental disaster of all time, and caused $8.8 billion in natural resources damage. In 2014, a federal judge ruled BP had been negligent (67 percent responsible), which set the stage for the news we will discuss today. Halliburton (3 percent liability) and Transocean (30 percent liability) also share some of the responsibility for the Deepwater Horizon spill. Why did a federal judge rule BP had been negligent? In a 153-page ruling, it was found BP had repeatedly cut costs even though it created safety risks. For example, the decision to drill despite the risk…
Read More »

Posted in Oil Rig Accidents | Tagged | Leave a comment