Jul 27 Watch Feinberg: Indirect Oil Claims Will Be Tougher to Resolve Kenneth Feinberg, who was chosen to administer the $20 billion fund established by BP to settle near-term oil disaster claims, faces both skepticism from Gulf Coast residents and a daunting task in deciding which direct and indirect claims to approve. Continue watching
Jul 27 Watch BP Finalizes Leadership Shakeup, Replacing Hayward With Dudley BP confirmed that Bob Dudley will take over as CEO of the embattled oil giant in October and announced a $17 billion loss in earnings, saying it paid out at least $32 billion for compensation and cleanup of the Gulf… Continue watching
Jul 27 Watch Risk Analyst: Oil Liability Tough to Tally, But BP Will Likely Survive Soon-to-be CEO of BP, Bob Dudley, is set to take over for Tony Hayward on Oct. 1. Gwen Ifill speaks with Holly Pattenden of Business Monitor International in London about the leadership switch, the company's liability in the oil disaster… Continue watching
Jul 26 BP Could Begin Final Oil Well Kill Procedure Next Week By Lea Winerman BP could begin taking the final steps to try to kill its blown-out oil well in the Gulf of Mexico as soon as next week, Coast Guard Adm. Thad Allen said Monday. Allen gave the most specific timeline yet for… Continue reading
Jul 25 Despite Skeptics, Feinberg Enthusiastic to Put $20B Oil Disaster Fund to Work BAYOU LA BATRE, Ala. | At 7 a.m. Saturday, Kenneth Feinberg stood in front of a standing-room only crowd at the municipal building in Bayou La Batre, Ala., and told people "I am your lawyer." He didn't get… Continue reading
Jul 24 Crews Return to Kill Oil Well as Tropical Storm Bonnie Fizzles With Tropical Storm Bonnie downgraded to a tropical depression, a drilling rig and ships associated with the effort to kill the leaking Gulf of Mexico oil well reversed course Saturday when the weather forecast improved. "We are going to continue… Continue reading
Jul 23 Scientist Studies Oil Dispersant’s Effects, Methane in the Gulf On Thursday's NewsHour, Spencer Michels reported on the ongoing controversy over the use of chemical dispersants in the Gulf of Mexico. BP has sprayed nearly 2 million gallons of dispersant -- mostly a brand called Corexit -- into… Continue reading
Jul 23 Watch Fear of Oil Damage Heightens as Storm ‘Bonnie’ Approaches the Gulf Although Tropical Depression Bonnie isn't expected to do much harm on land, many along the Gulf Coast worry that high winds could intensify damage that has already been done by the oil leak. Spencer Michel reports from Louisiana. Continue watching
Jul 22 Oil and Arguments in the Gulf New Orleans fishing guide Ryan Lambert (Photo: Joanne Elgart Jennings) There is a charm about New Orleans; a feeling and a culture that is unique. But in the wake of Hurricane Katrina and now the big oil spill, there… Continue reading
Jul 22 Oil Well Will Remain Capped During Possible Storm Federal authorities have decided that it will be safe to leave a sealing cap on the Gulf oil well even if all ships have to leave the area during a possible tropical storm this weekend, Coast Guard Adm. Thad… Continue reading