Judge rules against BP in Gulf oil spill payout dispute

Author:
Updated:
Original:

A court-appointed claims administrator can continue making payments to businesses affected by the 2010 oil spill in the Gulf of Mexico while BP appeals a judge’s decision in a dispute over payouts.

A three-judge panel from the 5th U.S. Circuit Court of Appeals on Monday ruled against BP’s request for a stay of an April 5 order, the Associated Press reported.

At that time, a federal judge rejected BP's attempt to block the Deepwater Horizon claims administrator from awarding what it said could be billions of dollars in payments for "business economic losses" that the British oil giant contends are based on "fictitious" assertions of damage.

U.S. District Judge Carl Barbier refused to block what could be billions of dollars in settlement payouts to businesses that say the spill cost them money.

Meanwhile, BP's cement contractor on the drilling rig that exploded said Monday that it is trying to negotiate a settlement over its role in the disaster, a focus of trial testimony that ended last week, according to another AP report.

Halliburton chief financial officer Mark McCollum said during a conference call to discuss first-quarter earnings that talks were at an "advanced stage." The Houston-based company says it hopes court-facilitated negotiations will resolve a substantial portion of private claims it has faced since the Deepwater Horizon rig blast spawned the nation's worst offshore oil spill.

Halliburton and BP have blamed each other for the failure of the cement job to seal the Macondo well. During the trial, BP asked Barbier to sanction Halliburton for allegedly destroying evidence about the role that its cement slurry design could have played in the blowout.

Click here for the report on Monday’s ruling.

Click here for the Halliburton settlement report.

Related

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.