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Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On April 20, 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
Deepwater Horizon was a floating semi-submersible drilling unit —a fifth-generation, ultra-deepwater, dynamically positioned, column-stabilized drilling rig owned by Transocean and built in South Korea. The platform was 396 feet (121 m) long and 256 feet (78 m) wide and could operate in waters up to 8,000 feet (2,400 m) deep, to a maximum ...
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 ...
With BP stock price off by more than 30% from a 52-week high following the Gulf oil spill, the worst in U.S. history, many investors are wondering: Is the stock a good value? Or are the liability ...
On April 20, 2010, the Deepwater Horizon oil rig off the coast of Louisiana unexpectedly exploded, causing oil to freely flow into the Gulf of Mexico for the next 87 days. NOAA was one of the lead agencies responsible for responding to the oil spill. Lubchenco led NOAA's response and coordination with 13 other agencies.
BP's worst environmental catastrophe was the 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters in history, which leaked about 4.9 million barrels (210 million US gal; 780,000 m 3) of oil, [14] causing severe environmental, human health, and economic consequences [15] and serious legal and public ...
The Tiber Oil Field is a deepwater offshore oil field located in the Keathley Canyon block 102 of the United States sector of the Gulf of Mexico. The deepwater field (defined as water depth 1,300 to 5,000 feet (400 to 1,520 m), [2]) was discovered in September 2009 and it is operated by BP. Described as a "giant" find, it is estimated to ...
Anthony Bryan Hayward (born 21 May 1957) is a British businessman and former CEO of the oil and energy company BP. He replaced the Baron Browne of Madingley on 1 May 2007. His tenure ended on 1 October 2010 when he was replaced by Bob Dudley following the Deepwater Horizon oil spill. [1] He was chairman of Glencore Xstrata from 2014 to 2021. [2 ...