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UPDATE 2-BP oil spill probe did not address cost overruns -exec

February 28, 2013 19:00
By Kristen Hays NEW ORLEANS, Feb 28 (Reuters) - BP Plc's investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP executive said on Thursday, in the final day of testimony this week in the massive civil trial over the spill. Plaintiffs contend that cost concerns prompted crew members on the doomed Deepwater Horizon rig to rush to wrap up the drilling. The executive who led BP's internal investigation said the company did not focus on that angle.

BP oil spill probe did not address cost overruns -exec

February 28, 2013 14:15
By Kristen Hays NEW ORLEANS, Feb 28 (Reuters) - BP Plc's investigation of its 2010 Gulf of Mexico well rupture and oil spill did not address cost overruns, the executive who ran the probe testified on Thursday. Plaintiffs argue that concerns over expenditure led crew members to rush the wrapup of the drilling. "I don't recall it being part of our discussions," Mark Bly, BP's global head of safety and operational risk, said when asked about cost overruns at the Macondo well.

UPDATE 1-BP drilled doomed U.S. well despite early problems -expert

February 27, 2013 18:30
By Kristen Hays NEW ORLEANS, Feb 27 (Reuters) - BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill. Alan Huffman, chief technology officer for Fusion Petroleum Technologies Inc, said BP forged ahead with the well in 2009 outside the margin deemed safe by the industry and regulators.

BP drilled doomed U.S. well despite early problems-expert

February 27, 2013 14:15
By Kristen Hays NEW ORLEANS, Feb 27 (Reuters) - BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill. Alan Huffman, chief technology officer for Fusion Petroleum Technologies Inc, said BP forged ahead with drilling the well in 2009 outside the margin considered safe in the industry and by regulators.

UPDATE 2-BP accepts role in spill at trial, aims to spread blame

February 26, 2013 15:30
By Kristen Hays NEW ORLEANS, Feb 26 (Reuters) - After hearing claims that BP Plc put profits above safety in the first day of court testimony over the 2010 Gulf of Mexico disaster, a senior executive for the oil company insisted the blame should be shared. Lamar McKay, BP's global head of exploration, production and development, said on Tuesday the company's role as designated operator on the doomed Macondo well did not mean it was the only company at fault.

First BP trial witness says company put cost cuts over safety

February 26, 2013 13:16
By Kristen Hays NEW ORLEANS, Feb 26 (Reuters) - BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster. "There is ample evidence of intense pressure within the system to save time and money," said Bob Bea, co-founder of the Center for Catastrophic Risk Management at the University of California, Berkeley. "With stress and pressure come sacrifices to safety."

BP accused of greed, lax safety at US oil spill trial

February 25, 2013 22:16
The US government accused BP of letting greed triumph over safety Monday in the opening arguments of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill. A federal judge in New Orleans is tasked with determining how much BP and its subcontractors should pay for the worst environmental disaster in US history in a mammoth trial consolidating thousands of civil lawsuits.

UPDATE 4-BP, contractors start trial for worst US offshore spill

February 25, 2013 19:30
By Kristen Hays NEW ORLEANS, Feb 25 (Reuters) - A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million barrels of oil into the Gulf of Mexico. "Not only was it within BP's power to prevent the tragedy, it was its responsibility," Assistant U.S. Attorney Mike Underhill said at the trial over legal culpability for the blowout and spill.

BP accused of greed, lax safety at US oil spill trial

February 25, 2013 17:30
Prosecutors accused BP of letting greed triumph over safety Monday in the opening of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill. A federal judge in New Orleans is tasked with determining how much BP and its subcontractors should pay for the worst environmental disaster in US history. US prosecutors are determined to prove that gross negligence caused the April 20, 2010 blast that killed 11 workers and sank the BP-leased Deepwater Horizon rig, sending millions of barrels of oil gushing into the sea.

UPDATE 2-BP execs go on trial for biggest U.S. oil spill

February 25, 2013 16:11
By Kristen Hays NEW ORLEANS, Feb 25 (Reuters) - People, businesses and governments harmed in the biggest oil spill in U.S. history got their day in court on Monday, blaming BP executives for the Deepwater Horizon disaster that killed 11 rig workers and spilled millions of barrels of oil into the Gulf of Mexico in 2010.
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