The Deepwater Horizon oil spill (also referred to as the BP oil spill, oil leak, or oil disaster; the Gulf of Mexico oil spill; and the Macondo blowout) is an industrial disaster that began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect, considered to be the largest marine oil spill in the history of the petroleum On July 5, BP announced that its one-day oil recovery effort accounted for 24,980 barrels (3,972 m 3) of oil, and the flaring off of 57.1 million cubic feet (1,620,000 m 3) of natural gas. The total oil collection to date for the spill was estimated at 657,300 barrels (104,500 m 3 ). The BP oil spill began when the Deepwater Horizon rig suffered an explosion on April 20, 2010. Of the 126 workers at the site that day, 11 were killed by the blast. In its first month, BP spilled 30 million gallons of oil into the Gulf, three times the Exxon Valdez oil spill. BP today activated an extensive oil spill response in the US Gulf of Mexico following the fire and subsequent sinking of the Transocean Deepwater Horizon drilling rig 130 miles south-east of New Orleans. BP is assisting Transocean in an assessment of the well and subsea blow out preventer with remotely operated vehicles. 5 Years After BP Oil Spill, Effects Linger And Recovery Is Slow The 2010 explosion at the Deepwater Horizon rig set off an environmental and economic catastrophe. Towns and ecosystems along the Gulf Coast are still struggling to rebound. The fact that it took BP nearly three months to cap the well—despite the fact that the Deepwater Horizon oil spill occurred near the heart of the oil and gas service industry along the Gulf
The BP Oil Spill resulted in the largest environmental damage settlement in U.S. history. Drilling for oil in the Gulf of Mexico was dangerous to begin with. five Gulf states to settle civil claims against the company for a total of $18.7 billion. 4 Apr 2016 July 2015: BP Settles Deepwater Horizon Oil Spill Claim to an estimated $20 billion settlement, resolving years of litigation over the 2010 BP oil spill in the Gulf of Mexico. The money is to be paid out over a 16-year period. 12 Feb 2020 The US's worst ever oil spill, at a BP rig a decade ago, may have been The Deepwater Horizon crisis has cost BP more than $65 billion. 15 Jan 2018 BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, results came after claims resolved in recent months were about seven times as BP is set to see a sharp increase in revenue this year thanks to higher oil prices.
The fact that it took BP nearly three months to cap the well—despite the fact that the Deepwater Horizon oil spill occurred near the heart of the oil and gas service industry along the Gulf BP is responsible for fixing all of the damage it caused to the area by the oil spill, and with the spill being as large as it was, it is taking a large force of people to clean it all up. It was estimated by Wall Street analysts that between fourteen and twenty-three billion dollars will be spent by BP on just cleaning up the coasts (Gandel 25). Although the company reported a loss of $17.15 billion for the quarter in which the oil spill occurred, largely from a $32.2 billion pre-tax charge, BP swung to a profit the following quarter. The BP Oil Spill was the most massive oil spill in U.S. history. The cause of the discharge was an explosion on the British Petroleum's Deepwater Horizon oil rig in the Gulf of Mexico on April 20, 2010. That explosion resulted in 11 deaths and the release of million barrels of crude oil into the Gulf over 87 days. Deepwater Horizon – BP Gulf of Mexico Oil Spill On April 20, 2010, the oil drilling rig Deepwater Horizon , operating in the Macondo Prospect in the Gulf of Mexico, exploded and sank resulting in the death of 11 workers on the Deepwater Horizon and the largest spill of oil in the history of marine oil drilling operations. Federal and state claims against BP for the April 2010 Deepwater Horizon oil spill have been resolved, the Justice Department says, with the oil and gas company agreeing to pay more than $20 billion in penalties.
3 Mar 2012 BP agreed late Friday to settle lawsuits brought by more than 100,000 fishermen who lost work, cleanup workers who got sick and others who 5 May 2010 The U.S. government response to the BP Oil Spill began immediately after the For the first time, oil was found to be leaking—one leak from the riser and with BP's resolution can call the Coast Guard at 1-800-280-7118. 4 Apr 2016 The 2010 spill has been considered the biggest accidental marine oil the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation
16 Jan 2018 A controlled burn of spilled oil that was conducted after the to resolve claims for business losses and other claims related to the oil spill.