Oil and Gas

Despite what was said at a coastal forum in New Orleans last month, oil and gas insiders contend a settlement is not in the stars for the massive lawsuit filed against nearly 100 energy companies by the Southeast Louisiana Flood Protection Authority-East.

BP hail carousel 2Environmentalists, fishermen and others are celebrating a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst oil spill.

U.S. District Judge Carl Barbier's ruling Thursday could nearly quadruple the amount of civil penalties for polluting the Gulf of Mexico with oil from BP's Macondo well in 2010.

Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation — if all the pieces fall into place.

BP says it recently obtained correspondence between Patrick Juneau's Lafayette law firm and the Gulf Coast Claims Facility showing he argued for liberal compensation, flexible documentation requirements and other terms that would help Louisiana claimants at BP's expense.

feed-image RSS Feed
ABiz Stock Watch
o Home Bancorp 22.77 ▲0.01 (0.04%)
o Frank's International 17.13 ▲0.05 (0.29%)
o IberiaBank Corp 63.83 ▲1.01 (1.61%)
o LHC Group 23.76 ▲0.01 (0.04%)
o MidSouth Bancorp 19.04 ▲0.04 (0.21%)
o Petroquest Energy 4.30 ▲0.04 (0.94%)
o PHI Inc. 39.60 ▼1.40 (-3.41%)
o Superior Energy 25.04 ▲0.23 (0.93%)
o Stone Energy 25.67 ▲0.22 (0.86%)
o Facebook Inc. 78.23 ▲1.28 (1.66%)
o Twitter Inc. 51.30 ▲0.59 (1.17%)
o Gannett 30.23 ▲1.15 (3.95%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.77 Trade time:12:19PM EDT Value change:▲0.01 (0.04%)

Frank's International

Company ID [NYSE:FI] Last trade:17.13 Trade time:12:51PM EDT Value change:▲0.05 (0.29%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:63.83 Trade time:12:51PM EDT Value change:▲1.01 (1.61%)

LHC Group

Company ID [NYSE:LHCG] Last trade:23.76 Trade time:11:55AM EDT Value change:▲0.01 (0.04%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.04 Trade time:12:35PM EDT Value change:▲0.04 (0.21%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.30 Trade time:12:51PM EDT Value change:▲0.04 (0.94%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:39.60 Trade time:10:13AM EDT Value change:▼1.40 (-3.41%)

Superior Energy

Company ID [NYSE:SPN] Last trade:25.04 Trade time:12:51PM EDT Value change:▲0.23 (0.93%)

Stone Energy

Company ID [NYSE:SGY] Last trade:25.67 Trade time:12:51PM EDT Value change:▲0.22 (0.86%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:78.23 Trade time:12:51PM EDT Value change:▲1.28 (1.66%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:51.30 Trade time:12:51PM EDT Value change:▲0.59 (1.17%)


Company ID [NYSE:GCI] Last trade:30.23 Trade time:12:51PM EDT Value change:▲1.15 (3.95%)

Read the Flipping Paper!

Click Here for the Entire Print Version of