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- NORTH SEA gas leak: Total wipeout as cost estimate tops £12 billion
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Tag Archives: economist
GHANA oil spill: Kosmos refusing to pay $35 million fine
KOSMOS, the company exploring oil in the Ghana’s Jubilee field, has spilled 700 barrels of mud which contains poisonous heavy metals on three occasions that could affect Ghana’s ecosystem and dependent communities. A fine of $35 million was levied by … Continue reading
Posted in bp oil, bp oil spill, oil economics, oil spill
Tagged compensation fund, economist, environment, Gulf of Mexico, oil, oil spill, slick, spill response, value
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Nigerian oil spill cost dispute escalates and confidence in national compensation from IOCs dilutes further
Two high-profile Nigerian conglomerates are camped out at the Federal High Court, Asaba, Delta State and locked in acrimony over costs of an oil spill from 2009. The National Oil Spill Detection and Response Agency (NOSDRA) has sued its Pipeline … Continue reading
Posted in nigeria oil spill, oil economics, Uncategorized
Tagged disaster, economics, economist, environment, nigeria, oil, oil spill, slick, spill, spill response, value
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BP announces Gulf of Mexico oil spill costs up 24% to $40 billion
BP has announced it underestimated the costs of the Gulf of Mexico oil spill. New estimates put total costs at $40 billion, 24% higher than previously anticipated. The company has blamed a Q3 hike of $7.7 billion in oil spill … Continue reading
Posted in bp oil, bp oil spill, oil economics, Uncategorized
Tagged bp, deepwater horizon, disaster, economics, economist, environment, guesstimate, Gulf of Mexico, oil, oil spill, slick, slick economist, spill response, value
3 Comments
Drilling costs in Gulf of Mexico increase by 20% thanks to oil spill
The oil industry expects costs of exploration and oil production to increase by 20% thanks to delays and renewed vigilance over safety. While the layman, oil workers, Gulf residents and environment lovers worldwide might rejoice that safety and the environment … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, economist, environment, Gulf of Mexico, oil, oil spill, slick, slick economist, spill, spill response, value
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Egypt fine oil spill: sign of things to come?
A Russian oil tanker has been fined $108,000 for dumping its waste oil into the Red Sea off the Egyptian coastal town of Ras Ghareb which caused a one kilometers oil slick. Previous posts have highlighted an apparent step-change in … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged cost, economics, economist, egypt, fines, spill, spill response, tax, value
1 Comment
Oil’s well with tourism says optimistic industry: but is this a dead-cat bounce?
A poll has revealed the Gulf of Mexico oil spill will not deter tourists from travelling to Florida and Louisiana in 2010. Bookings to the Sunshine State and Orlando are strong and cruises to the Caribbean are the most popular … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, compensation fund, cost, deepwater horizon, disaster, economics, economist, environment, Gulf of Mexico, Gulf Oil Spill Compensation Fund, oil spill, spill, spill response, tourism, value
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BP’s sustainability image suffers as FTSE 4GOOD boots it out
The FTSE’s ethical FTSE4GOOD index evicted BP from its ranks, owing to the Gulf of Mexico oil spill. FTSE4GOOD measures the performance of companies that meet globally recognised corporate responsibility standards, and to facilitate investment in those companies. It added … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, cost, disaster, economics, economist, environment, Gulf of Mexico, oil, oil spill, slick, slick economist, spill, spill response, value
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BP finds counting cost of oil spill too complex
BP has delayed its Q3 earnings report for a week owing to difficulties of accounting for the oil spills costs. This report will now be on 2/11/10. Quite why this accounting is so complex is not reported by BP. The … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, cost, deepwater horizon, economics, economist, environment, Gulf of Mexico, oil, oil spill, slick, spill, spill response, value
1 Comment
Cost of BP oil spill RISES AGAIN: $40 billion at least
BP’s strategy of selling off assets to fund its exposure to the Gulf of Mexico oil spill reveals its earlier estimates were under-cooked. Sales on the counter total at least $40 billion, fully 25% over its estimate of exposure – … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, cost, deepwater horizon, disaster, economics, economist, environment, Gulf of Mexico, oil, oil spill, slick, slick economist, spill, spill response, value
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Keep on spending in the Gulf of Mexico oil spill: $24 billion still to be spent
BP continued its periodic announcements of the private sector costs of the oil spill in the Gulf of Mexico. These have now reached 25% of the estimated total costs , at $8 billion. This leaves at least $24 billion yet … Continue reading
Posted in bp oil, bp oil spill, enbridge oil spill, mumbai oil spill, oil economics, Uncategorized
Tagged bp, cost, economics, economist, environment, guesstimate, oil, oil spill, slick, slick economist, spill, spill response, value
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