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#Deepwater Horizon

# deepwater-horizon - Tuesday 11 October, 2016

BP boss "a little saddened" by movie about Deepwater Horizon disaster

The explosive Hollywood movie looked at the disaster which killed 11 men in 2010.

# deepwater-horizon - Friday 20 February, 2015

BP is still fighting penalties over the worst oil spill in US history

The company could be fined up to $13.7 billion for the 2010 Deepwater Horizon disaster.

# deepwater-horizon - Saturday 5 April, 2014

Incredible photos of the 2010 Deepwater Horizon oil spill

Daniel Beltra spent 28 days shooting at the scene of the largest accidental oil spill in the history of the industry.

# deepwater-horizon - Thursday 3 January, 2013

Transocean fined $1.4 billion over Deepwater Horizon

The Swiss-based company will pay a mix of criminal penalties and civil fines after settling with the US Government.

# deepwater-horizon - Thursday 15 November, 2012

BP agrees €3.52 billion settlement over Gulf of Mexico oil spill

The settlement includes about €1 billion in criminal fines – the biggest criminal penalty in US history.

# deepwater-horizon - Wednesday 25 April, 2012

Former BP worker arrested for allegedly deleting iPhone evidence

Engineer who worked on the Deepwater Horizon disaster has been accused of deleting messages relating to

The 9 at 9: Wednesday

Good morning! Here’s nine things to know before 9am.

# deepwater-horizon - Saturday 3 March, 2012

BP agrees $7.8bn compensation for Gulf of Mexico oil spill Deepwater Horizon This post contains videos

BP agrees $7.8bn compensation for Gulf of Mexico oil spill

The company will make settlements with more than 100,000 people hit by the 2010 Deepwater Horizon disaster.

# deepwater-horizon - Thursday 13 October, 2011

BP and contractors face $45million fine over Deepwater Horizon spill

The three companies could be fined up to $35,000 per day – but that figure is reportedly dwarfed by their profits.

# deepwater-horizon - Thursday 14 April, 2011

BP faces protests at shareholder meeting

BP will face protests at a shareholder meeting in London today, as fishermen complain of poor compensation for the oil spill and investors condemn excessive executive pay packets.

# deepwater-horizon - Friday 7 January, 2011

Better management would “almost certainly” have stopped BP oil spill

The US presidential commission investigating the BP oil spill finds that lax controls and cost-cutting were the chief culprits.

# deepwater-horizon - Thursday 6 January, 2011

BP Gulf oil spill blamed on bad management

US National Commission investigating April’s Deepwater Horizon rig explosion heavily criticises the companies involved in the rig.

# deepwater-horizon - Monday 20 September, 2010

Gulf oil spill well declared 'dead' by BP

Oil giant sees share price rise after announcement.

# deepwater-horizon - Sunday 5 September, 2010

137 DAYS after the explosion at the Deepwater Horizon oil well, BP has announced it has sealed off the Maconda oil well for good. The company had stopped the flow of oil into the Gulf of Mexico in early August, but only completed cementing the leak overnight. BP will now inspect the failed ‘blow-out preventer’ to examine why the explosion happened at all.

# deepwater-horizon - Wednesday 4 August, 2010

BP SAYS ITS much-ancitipated ‘static kill’ operation intended to seal the leak at the Gulf of Mexico oil well has been successful – meaning it can now press ahead with pouring cement on the leak and sealing it for good.

The procedure saw engineers pour huge quantities of thick, heavy mud onto the site of the leak of the underground Maconda well, which sprang after an explosion on board the Deepwater Horizon oil rig on April 20.

The mud has now reached a “static condition”, with the oil pressure being controlled exactly as engineers had hoped. BP has called the news a “significant milestone“.

While the flow of oil into the Gulf of Mexico itself had been stopped for two weeks after BP fitted a containment cap – manufactured by Cameron International in Longford – to the leak, the new procedure has halted oil flow from the well entirely.

In a statement, BP said that the construction of a relief well was the ultimate final course of action, and construction of the first well – which began in May – is scheduled for completion within two weeks.

Once the relief wells have been completed, engineers will simply need to pour cement over the site of the explosion to seal the damage for good.

In a separate development, a new US government survey has determined that only 26% of the oil released from the spill is still present in a thick-enough slick to cause any problems.

Most of the oil seeped by the well, it said, is either present merely in a light coat on the ocean’s surface or in smaller chunks below the surface. In both cases, oil collections are being rapidly broken down.

# deepwater-horizon - Tuesday 27 July, 2010

BP CONFIRMED TODAY that CEO Tony Hayward will step down from his post in October. He will receive a compensation package worth over $13.5 million – but he still won’t be out of a job.

Hayward, 58, is reported to be taking up a non-executive role in BP’s Russian subisdiary, and paid  a year’s salary worth around €1 million, in lieu of the one year’s notice he is entitled too. The company said the decision was made mutually.

He will also get an immediate annual pension of about €716,000 when he leaves the CEO position. The full pension pot is valued over €13 million, according to the BBC.

Hayward has been heavily criticised by US politicans and residents along the Gulf coast for his handling of the leak in the weeks after the April spill. He was accused of ‘stonewalling‘ the US Congress when questioned about the leak and subsequent clean-up.

Bob Dudley, who will take over from Hayward, faces the unenviable task of overseeing the clean-up operation, and improving the company’s public image.

Today, the company posted a loss of $17 billion (€13 billion) – a record quarterly loss for the company. The company has reported profits of $4.39 billion (€3.38) for Q2 last year. BP also set aside $32.2 billion to cover costs arising from the oil spill, and will sell $30 billion in assets over the next 18 months to boost its finances.

Greenpeace activists in London succeeded in closing almost 50 BP petrol stations in a move timed to coincide with the company’s quarterly report. The day-long action is in protest against BP’s reaction to the oil spill, which Greenpeace says hasn’t gone far enough.

# deepwater-horizon - Monday 26 July, 2010

TONY HAYWARD is today expected to finalise the terms of his departure from BP’s top job – and can expect a golden handshake of £500,000 on top of his £10.8m (€12.9m) pension pot.

The 53-year-old CEO – who has been with BP for 28 years – has built up a massive pension fund which he can start drawing when he turns 60, but will be able to make do with the year’s salary he is entitled to, which also nets him over £1m (€1.19m).

He is also expected to be offered a golden handshake of £578,000 (€691,000).

Hayward’s position has been seen as increasingly untenable since an ill-fated comment after the Gulf of Mexico oil spill – which began after an explosion killed 11 of his staff – in which he declared: “I want my life back.”

President Barack Obama expedited Hayward’s departure by responding: “He wouldn’t be working for me after any of those statements.”

In a measure of BP’s need to reform its public image in the wake of the oil spill, it’s expected that Hayward will be succeeded by Bob Dudley, who – aside from being an American – has been charged with leading the Gulf clean-up operation.

Dudley, the current managing director, has previously been described by Hayward as the BP “management team’s foreign secretary”.

News of Hayward’s expected departure saw BP shares jump by over 7% in London – adding over £2bn to the company’s net worth.

# deepwater-horizon - Saturday 24 July, 2010

A TECHNICIAN who worked on BP’s ‘Deepwater Horizon’ oil rig says some safety alarms were turned off the day the rig caught fire and exploded, causing the oil leak that destroyed the Gulf of Mexico.

The alarms on the rig were commonly set to “inhibited”, he said, so that the crew could sleep through the night without being woken up by emergency lights and sirens.

Mike Williams told investigators that the rig’s operators “did not want people woke up at 3am from false alarms.”

While it can’t be known whether the alarms could have saved the lives of the 11 people killed when the explosion took place, the investigators believe a functioning alarm would have assisted efforts to evacuate the rig.

Transocean, the company which leased the rig to BP, said workers were permitted to stop alarms from going off “when one of the hundreds of local alarms activates for what could be a minor issue or a non-emergency.”

It insisted that the practice “was not a safety oversight or done as a matter of convenience.”

Williams told the six-man panel investigating the oil spill that he had survived the pre-explosion fire by jumping from the rig.

The developments came days after a BP manager who had been on board the rig shortly before the blast that Halliburton, acting as a contractor on the oil well, had warned that the blowout preventer – which failed when the explosion occured – could have been faulty.

The Irish Times leads with the announcement that the two Irish banks tested by the EU passed their stress tests, but says that questions have been asked about the rigour of their tests given the fact that just seven institutions (out of 91) failed.

It also carries news of how Richard Bruton told the MacGill Summer School that Fine Gael would replace every single member of every State board within six months of taking office, should they win the next general election.

Inside, it reveals that Lucinda Creighton held a fundraising event in April that was attended by a heavily indebted property developer – and that she was unaware that he had been hauled before the Commercial Court just a month before.

The Times’ magazine recounts the experiences of an Irish graduate, Sarah Geraghty, who moved to Washington for nine months to kick-start her career.

The Irish Independent leads with a declaration of how a series of forthcoming mortgage interest rate hikes will send homeowners “right over the edge” and break their finances beyond repair, according to mortgage experts.

Inside, it reports that a Galway resident was sentences to five years in prison after being found guilty of attacking his wife’s toes with a Stanley knife, as well as biting her noes and slashing her face in a subsequent attack.

The Weekend Review magazine profiles RTÉ broadcaster Miriam O’Callaghan and how she sustains “a loving husband, the happy family, and a media career that has broken the mould” at the age of 50.

The Irish Examiner leads with calls for a national debate on knife crime from victims’ support groups, after 20-year-old James Joyce was stabbed to death in front of his pregnant girlfriend.

It also reports on criticisms from residents across the country at government plans to introduce tolls on national roads, with reports coming from Age Action Ireland, the AA and from Fianna Fáil backbenchers.

The Star leads with a similar tack to the Examiner, revealing that Joyce told his friends “I’m alive” seconds before he was fatally stabbed on Thursday night.

Inside, it disappoints readers by claiming it could not coax Paul the Octopus to predict the winners of the Galway Races.

On its back page it carries a warning to Juventus from two-time former coach and current Ireland manager Giovanni Trapattoni, saying that Shamrock Rovers have the potential to cause them serious problems in their Europa League clash.

Abroad, The Guardian leads with the political return of Gordon Brown, who in his first major appearance since the formation of the Conservative-Liberal Democrat coalition, called for ‘smart aid’ for Africa.

Haaretz of Israel reports that the country has warned the UN that North Korea’s plans to develop ballistic missiles could scupper plans for peace in the Middle East.

And in France, Le Figaro reports that the Deepwater Horizon explosion that caused the BP oil leak in the Gulf of Mexico could have been avoided, because safety alarms on the platform had been turned off to let employees sleep.

# deepwater-horizon - Friday 16 July, 2010

BP HAS CONFIRMED that the Longford-manufactured containment cap lowered five kilometres below sea level of the Gulf of Mexico oil leak has managed to completely halt the flow of oil coming from the spill.

By shutting off some valves on the cap bolted to the piping surrounding the oil spill yesterday, the oil company was able to totally stop any oil flow into the sea – for the first time in almost three months.

The process is not over, however – BP is conducting stress tests on the well for the next 48 hours, mindful that the significant pressure shift in the underground Macondo will could result in another leak springing elsewhere.

If the well holds up, BP will release the pressure on the well and run seismic checks before sealing the valves for good.

Although the cap is not considered a permanent solution to the oil leak, it does mean that BP can still totally halt the flow of oil should its efforts to seal the leak for good be interrupted by any tropical storms.

President Barack Obama called the seal’s success “a positive sign”, but added: “We’re still in the testing phase.”

The oil spill had been ongoing for over twelve weeks and had seen between 35,000-60,000 barrels of oil leaked into the sea on a daily basis.

BP’s share price in New York rose on the news of the success of the valve, closing at $38.92 (up over 7%) yesterday, though still a long way off the $60.48 recorded when the Deepwater Horizon explosion took place.