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phil
April 22nd, 2014 at 6:54 am
Four years after the spill, BP is busier than ever in the Gulf of Mexico
Yesterday, 06:30 PM ET · BP
• Four years after the worst offshore oil spill in American history, BP is busier than ever in the Gulf of Mexico, the Gulf has become one of BP’s most profitable regions in the world, and the company has produced only ~20% of the reserves from its four huge Gulf fields.
• BP has rebuilt its Gulf armada of deepwater drilling rigs to nearly double its size before April 20, 2010, fired up three big expansion projects in the last year, and last month reached a deal with the U.S. government to lift a suspension from entering into new federal contracts for leases in Gulf oil fields.
• Some Gulf fisherman say their livelihoods still haven’t recovered, and that the area’s oyster populations, home to about two-thirds of U.S. supply, have been in decline since the spill; BP disputes the claim.
• Meanwhile, a federal court today laid out a detailed schedule for the penalty phase of BP’s civil trial over the Gulf spill, setting the first day for Jan. 20, 2015.
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