NEW ORLEANS (AP) — Testimony is over and closing arguments were set for Friday in the federal trial of a former BP executive charged with lying to investigators about oil spill calculations he made following the 2010 Deepwater Horizon explosion.
Jurors were expected to begin deliberating the single count against David Rainey by midday. Conviction of making a false statement carries a possible prison sentence of up to five years.
LOS ANGELES (AP) — Two weeks before an oil pipeline rupture spilled over 100,000 gallons of crude on the Santa Barbara coast, a test was run that would reveal serious wear in that stretch of corroded pipe.
Preliminary results showing the pipe lost nearly half the metal near the break vastly underestimated just how thin the pipe had become. Federal regulators said Wednesday that examination indicated more than 80 percent of the pipe had worn down.
ANCHORAGE, Alaska (AP) — A German shipping company on probation for dumping oily water off California in 2013 was sentenced Wednesday to pay $750,000 for a repeat offense in Alaska.
A ship owned by Herm. Dauelsberg GmbH & Co. KG discharged an estimated 1,780 gallons of oily water in U.S. waters on a trip from China to Dutch Harbor in the Aleutian Islands earlier this year, said Assistant U.S. Attorney Kevin Feldis.
LOS ANGELES (AP) — A pipeline rupture that spilled an estimated 101,000 gallons of crude oil near Santa Barbara last month occurred along a badly corroded section that had worn away to a fraction of an inch in thickness, according to federal regulators.
The preliminary findings released Wednesday by the federal Pipeline and Hazardous Materials Safety Administration point to a possible cause of the May 19 spill that blackened popular beaches and created a 9-mile slick in the Pacific Ocean.
NEW ORLEANS (AP) — The case of a former BP executive accused of lying over estimates of the oil spilling into the Gulf of Mexico from a well blowout five years ago should go to the jury Friday, according to the judge who’s presiding over the trial.
The first witness Wednesday will be Charles Henry of the National Oceanic and Atmospheric Administration, U.S. District Judge Kurt Engelhardt said.
NEW ORLEANS (AP) — A former BP executive manipulated early estimates of the amount of oil spewing into the Gulf of Mexico after a 2010 rig explosion to conform to a low government estimate, then lied about it to federal agents, a prosecutor told jurors Tuesday.
Defense attorneys countered that David Rainey's estimates were the best he could do as he and other BP officials worked to shut down the flow of oil after the BP Deepwater Horizon disaster and that he had no reason to lie roughly a year later when questioned about his calculations.
NEW ORLEANS (AP) — A federal judge on Monday tossed out one of two pending charges against a former BP executive the federal government accuses of trying to hide the severity of the 2010 Gulf of Mexico oil spill.
U.S. District Judge Kurt Engelhardt threw out a charge of obstruction of Congress against David Rainey, BP's former vice president of exploration for the Gulf of Mexico, according to The Advocate.
Top United Nations climate officials see a “growing consensus” in the private sector—including among major oil and gas companies—for concerted global action to fight global warming, but the host of the negotiations they plan at year's end said whatever they come up with had better not require approval from the U.S. Congress.
Even as participants in preliminary talks in Germany digested a proposal from top European oil companies to create an international carbon market, the foreign minister of France, which will host world climate talks in December, said whatever deal is reached must be written in such a way that Republicans in Congress can't block it.
Not all of the major corporations that signed on Monday to the Obama administration's call to cut carbon emissions are on board with the Environmental Protection Agency’s Clean Power Plan, E&E reports.
Following Republican release of a video showing Hillary Clinton boarding a private jet after announcing her climate program, an aide to the Democratic presidential candidate is pledging her campaign will be carbon neutral, CNN reports.
Concerns over the continuing oil glut sent Brent crude down 17 cents Tuesday to $53.30 a barrel, the lowest settlement since Jan. 30, The Wall Street Journal reports. Ahead of weekly data from the Energy Information Administration, however, light, sweet crude gained 59 cents, or 1.2 percent, to settle at $47.98 a barrel on the Nymex.
The troubles in the oil industry are offering companies such as National Oilwell Varco a variety of acquisition targets, said CEO Clay Williams, speaking of “a buyer’s market” amid the downturn, FuelFix reports.
Concerned about the dent in profitability caused by the fall in natural gas prices, Reliance Industries—headed by Indian billionaire Mukesh Ambani—is considering selling its assets in the Eagle Ford Shale and the Marcellus Shale, sources tell Bloomberg.
Lower prices were pressuring revenue for chemical firm LyondellBasell in the second quarter, although its $1.33 billion profit, amounting to $2.82 a share, represented a gain compared to 2014 and beat analysts’ expectations, The Wall Street Journal reports.
The House and Senate energy policy bills are both crafted to attract bipartisan backing and to avoid more controversial issues like the Keystone pipeline, lifting the crude oil export ban and reining in environmental regulations, Roll Call reports.