How much did the Horizon oil spill cost?
In July 2016, BP announced Deepwater Horizon’s total cost was $61.6 billion dollars. According to Reuters, however, as of September, the British oil and gas company has paid $63.4 billion in legal fees and cleanup costs.
How much money did BP pay for the oil spill?
Total BP money paid out pushing $60 billion It’ll cost $6.4 million, but the city has that sum covered, thanks to their settlement with BP Oil. Almost 10 years since the Deepwater Horizon disaster in the Gulf of Mexico and five years from the settlement was announced, BP oil money is still coming to Tampa Bay.
How much does an oil spill cost?
You can read and download the full report here. It is estimated that cleanup costs for a medium-large oil spill could be between $2.4 billion and $9.4 billion dollars. Cleanup costs for an oil spill could be between $2.4 billion and $9.4 billion dollars.
How much did BP pay survivors of Deepwater Horizon?
On Feb. 15, 2018, the Mexican government agreed to the $25.5 million payout from BP, in return for settling their lawsuit, clearing the transnational energy giant of all damages to Mexican waters.
How did they fix Deepwater Horizon?
On July 15, 2010, BP announced that it had successfully plugged the oil leak using a tightly fitted cap. The cap, weighing 75 tons and standing 30 feet (9.1 m) high, is now bolted to the failed blowout preventer. It consists of a Flange Transition Spool and a 3 Ram Stack and is a temporary solution.
How much did BP pay for Deepwater Horizon oil spill?
“BP May Be Fined Up to $18 Billion for Spill in Gulf”. The New York Times. Retrieved 6 September 2014. ^ “Deepwater Horizon oil spill settlements: Where the money went”. NOAA. 20 April 2017. ^ Konrad, John; Shroder, Tom (2011). Fire on the horizon the untold story of the Gulf oil disaster. New York: HarperLuxe. p. 3. ISBN 9780062066541.
How did the Deepwater Horizon oil spill affect Alabama?
The Alabama shoreline is one location affected by the Deepwater Horizon oil spill. (NOAA) Amount of civil penalties collected from the Clean Water Act and dedicated by the federal RESTORE Act to the Gulf.
Is the Deepwater Horizon still leaking oil?
After several failed efforts to contain the flow, the well was declared sealed on 19 September 2010. Reports in early 2012 indicated that the well site was still leaking. The Deepwater Horizon oil spill is regarded as one of the largest environmental disasters in American history. 6 US gal (7,000 m 3) of oil dispersant.