oil spill damages News

Kentucky Stretch of Mississippi River Reopens After Oil Spill

A 17-mile stretch of Mississippi River in Kentucky has reopened with restrictions after it was closed following a collision between two tow boats that spilled more than 120,000 gallons of oil into the waterway, the U.S. Coast Guard said Saturday. …

Railway in Quebec Train Disaster Gets Canada Bankruptcy Protection

The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. court as well. Montreal Maine …

Florida Lawmaker Warns on Damages If Cuba Oil Drilling Spills

Since the United States couldn’t stop Repsol from drilling for oil off Cuba’s coast, it should make the Spanish oil giant pay dearly for damages from any spill that threatens neighboring Florida, a congressional Republican said on Monday. “We need …

BP Fails to Shift $15 Billion Gulf Oil Spill Costs to Transocean

Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean , increasing the possibility BP may have to foot the entire $42 billion clean up …

BP Settles for $4 Billion from Anadarko for Oil Spill Costs

Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …