Arab Today, arab today bp paid 7 bln in gulf disaster claims
Last Updated : GMT 23:55:05
Arab Today, arab today
Arab Today, arab today

BP paid $7 bln in Gulf disaster claims

Arab Today, arab today

Arab Today, arab today BP paid $7 bln in Gulf disaster claims

Washington - AFP

Oil giant BP has so far paid out around $7 billion in compensation claims arising from the deadly oil spill in the Gulf of Mexico last year, a senior executive told US lawmakers Thursday. \"There has been a spend, a payment of claims about $5.6, $5.7 billion to individuals and businesses and about $1.3 billion to government entities,\" said Ray Dempsey, Vice President of BP America. A further $13 billion was spent in direct response to the disaster at the Deepwater Horizon drilling rig, but none of that came from a $20 billion trust fund BP set up in the wake of the April 20, 2010 accident, Dempsey said. Asked at the House Natural Resources Committee how much BP\'s final bill would be, the BP executive said no figure had been set aside. \"It was neither a floor or a ceiling. It wasn\'t meant to represent any total or minimum amount of the cost associated with response to the accident,\" he told the congressional hearing, referring to monies allocated to the trust fund. Dempsey gave evidence to the committee alongside officials from Halliburton and Transocean, all of whom were hit with citations Wednesday for violating oil industry regulations in connection with the disaster, in which 11 people died. The US Justice Department is also conducting a criminal investigation into the accident, the biggest maritime oil spill in history. By the time the well was capped 87 days later, 4.9 million barrels (206 million gallons) of crude had gushed out of the runaway well 5,000 feet (1,500 meters) below the surface of the Gulf of Mexico. All three companies were accused by the US government in Wednesday\'s action of failing to \"protect health, safety, property, and the environment by failing to perform all operations in a safe and workmanlike manner.\" It is also alleged that they failed to \"take measures to prevent unauthorized discharge of pollutants into offshore waters\" and failing to \"take necessary precautions to keep the well under control at all times.\" The companies have 60 days to respond to the 15 citations issued by the Bureau of Safety and Environmental Enforcement. To date, BP -- which leased the rig and was ultimately responsible for operations -- has spent $40.7 billion on the disaster and could still be liable for billions in fines, compensation and restoration costs.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp paid 7 bln in gulf disaster claims Arab Today, arab today bp paid 7 bln in gulf disaster claims

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday