Tag: Deepwater Horizon

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EU deal on proposed legislation for the safety of offshore oil and gas operations

Financial liability for all operators A provisional deal on proposed legislation for the safety of offshore oil and gas operations was struck by MEPs and Council negotiators last Thursday. Before oil and gas firms could get a licence to drill, the directive would require them to submit major hazard reports and emergency response plans and prove their ability to remedy any environmental damage caused."Europe learned its lessons from the Deepwater Horizon catastrophe and wants to reduce the risks of offshore oil and gas drilling to a minimum. Especially now that several member states are exploring new drilling operations, we need an efficient legislative framework. The previous directive is nearly 20 years old and does not guarantee the safety of offshore drilling operations in an adequate manner", said Ivo Belet (EPP, BE), who led the negotiations.This agreement ensures an EU legal framework that will help us to prevent offshore accidents in our seas and ensure rapid intervention which will limit potential damage", said Energy Committee Chair Amalia Sartori (EPP, IT).Financial ability to remedy all damage causedAll operators would need to ensure they have access to "sufficient physical, human and financial resources to minimise and rectify the impact of a major accident". ...

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Transocean to Pay $400 Million in Criminal Penalties for Criminal Conduct re Deepwater Horizon

Second Corporate Guilty Plea Obtained by Deepwater Horizon Task Force Transocean Deepwater Inc. pleaded guilty to a violation of the Clean Water Act (CWA) for its illegal conduct leading to the 2010 Deepwater Horizon disaster, and was sentenced to pay $400 million in criminal fines and penalties, Attorney General Holder announced yesterday.In total, the amount of fines and other criminal penalties imposed on Transocean are the second-largest environmental crime recovery in U.S. history - following the historic $4 billion criminal sentence imposed on BP Exploration and Production Inc. in connection with the same disaster."Transocean's guilty plea and sentencing are the latest steps in the department's ongoing efforts to seek justice on behalf of the victims of the Deepwater Horizon disaster," said Attorney General Holder. "Most of the $400 million criminal recovery - one of the largest for an environmental crime in U.S. history - will go toward protecting, restoring and rebuilding the Gulf Coast region.""The Deepwater Horizon explosion was a senseless tragedy that could have been avoided," said Assistant Attorney General Lanny A. Breuer of the Justice Department's Criminal Division. "Eleven men died, and the Gulf's waters, shorelines, communities and economies suffered enormous damage. With today's guilty plea, BP and ...

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BP Sentenced to Pay Record $4Bil for Deepwater Horizon Crimes

Court Accepts Guilty Plea to Felony Manslaughter, Environmental Crimes and Obstruction of Congress BP Exploration and Production Inc. pleaded guilty today to 14 criminal counts for its illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4 billion in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder announced today."Today's guilty plea and sentencing represent a significant step forward in the Justice Department's ongoing efforts to seek justice on behalf of those affected by one of the worst environmental disasters in American history," said Attorney General Holder. "I'm pleased to note that more than half of this landmark resolution - which totals $4 billion in penalties and fines, and represents the single largest criminal resolution ever - will help to provide direct support to Gulf Coast residents as communities throughout the region continue to recover and rebuild.""The Deepwater Horizon explosion was a national tragedy that resulted in the senseless deaths of 11 people and immense environmental damage," said Assistant Attorney General Lanny A. Breuer of the Justice Department's Criminal Division. "Through the tenacious work of the Task Force, BP has received just punishment for its crimes leading up ...

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Transocean to Pay $1 Billion in Civil Penalties and $400 Million in Criminal Fines

For its conduct in relation to the Deepwater Horizon disaster Transocean Deepwater Inc. has agreed to plead guilty to violating the Clean Water Act (CWA) and to pay a total of $1.4 billion in civil and criminal fines and penalties, for its conduct in relation to the Deepwater Horizon disaster, the Department of Justice announced yesterdayTransocean Deepwater Inc. has signed a cooperation and guilty plea agreement with the government admitting its criminal conduct. As part of the plea agreement, Transocean Deepwater Inc. has agreed, subject to the court's approval, to pay $400 million in criminal fines and penalties and to continue its on-going cooperation in the government's criminal investigation.In addition, pursuant to the terms of a proposed partial civil consent decree also lodged with the court yesterday, Transocean Ocean Holdings LLC, Transocean Offshore Deepwater Drilling Inc., Transocean Deepwater Inc. and Triton Asset Leasing GMBH have agreed to pay an additional $1 billion to resolve federal Clean Water Act civil penalty claims for the massive, three-month-long oil spill at the Macondo Well and the Transocean drilling rig Deepwater Horizon. Under the civil settlement, the Transocean defendants also must implement court-enforceable measures to improve the operational safety and emergency response capabilities at ...

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