Gulf Oil Spill: Judge Fines Minority Owner $159M

NEW ORLEANS (AP) — A federal judge says a minority owner of the well that spewed 130 million gallons of oil into the Gulf of Mexico in 2010 must pay $159.5 million in Clean Water Act fines.

         Judge Carl Barbier noted in Monday's opinion that prosecutors wanted significantly more than $1 billion but significantly less than the maximum $3.5 billion.

         In a statement, Anadarko Petroleum Corp. of Houston said it's pleased the penalty is less than what prosecutors requested, but may appeal.

- Sponsors -

         Justice Department spokesman Wyn Hornbuckle says in an email that the department is pleased Anadarko is being held accountable.

         Anadarko owned 25 percent of the Macondo well, but had no say in its operations.

         Operator and majority owner BP PLC settled environmental damage claims this year for $20 billion.

- Partner Content -

Besselman Wealth Planners

For over 50 years, Besselman Wealth Planners has been helping individuals, families, and businesses in the Greater New Orleans area navigate the financial markets....

         The Macondo well exploded in April 2010, killing 11 workers.

 

 

Digital Sponsors / Become a Sponsor

Close the CTA

Happy 504 Day!  🎉

Order a full year of local stories,

delivered to your door.

Limited time offer. New subscribers only.

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter