Archive for June, 2015

BP Oil Spill Costs Could Exceed $68B

June 24th, 2015 by Amaro Law Firm

Oil industry analysts have estimated that the total amount of BP oil spill costs could reach $68.2 billion. The BP oil spill costs include cleanup efforts, government fines and lawsuit settlements. The company has already written off nearly $44 billion in expenses related to the 2010 disaster. Industry experts estimate that the fines and legal

BP Oil Spill Research Continues

June 17th, 2015 by Amaro Law Firm

Five years after the biggest oil field disaster in U.S. history, scientists are still conducting BP oil spill research to determine the extent of the damage. Scientists are examining nearly every aspect of the spill, from the effectiveness of chemical and biological dispersants, to the impact of millions of barrels of crude oil on the

BP Oil Spill Claims Deadline Brings Long Lines

June 10th, 2015 by Amaro Law Firm

The recent deadline to file BP oil spill claims brought long lines and mounting frustration across the Gulf Coast. Residents and business owners waited several hours in sweltering heat to seek compensation for the damage caused by the largest oil spill in U.S. history. Offices from Texas to Florida saw lines as long as 40

Feds: Exec Lied About BP Oil Spill Estimates

June 3rd, 2015 by Amaro Law Firm

A federal prosecutor alleged that an oil company executive lied about the extent of the BP oil spill. Federal prosecutor Leo Tsao also told jurors that BP executive David Rainey manipulated estimates of the amount of oil spilled to keep them in line with early figures from federal investigators. The allegations were part of Mr.