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How much did BP pay survivors of Deepwater Horizon? ›

BP paid just $1,300 each to 79% of the Deepwater oil spill victims because of a single switched word in the multibillion-dollar settlement. Paul Loup IV, a former beach cleanup worker, poses for a photo in his home with his wife Sallie Loup in Hurley, Miss., on Jan. 29, 2024.

In September 2014, a United States District Court judge ruled that BP was primarily responsible for the oil spill because of its gross negligence and reckless conduct. In April 2016, BP agreed to pay $20.8 billion in fines, the largest environmental damage settlement in United States history.

The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling is a bipartisan presidential commission, established by Executive Order 13543 signed by Barack Obama on May 21, 2010, that is "tasked with providing recommendations on how the United States can prevent and mitigate the impact of any ...

The results of the analysis indicate that the lack of a fully implemented process-oriented regulatory regime, the lack of professional expertise at Minerals Management Service (MMS) to fully operate a process-oriented regime, and an over-reliance on shareholder accountability, rather than professional accountability ...

To the dismay of many observers, none of the individuals who were charged with criminal offenses related to the spill ultimately received prison sentences.

Jimmy Harrell's warnings about the Deepwater Horizon rig were ignored by BP, leading to a tragic disaster. Despite being injured in the explosion, Harrell survived, though he sustained lasting injuries and lived with PTSD. The real-life Jimmy Harrell passed away in 2021 after battling cancer.

Of the 126 crew members on board, 11 people lost their lives the night of the explosion. Williams says he still struggles knowing that they couldn't be saved. “The men who died that night, we were not able to recover – not one of the bodies.

And so I've established a National Commission to understand the causes of this disaster and offer recommendations on what additional safety and environmental standards we need to put in place. Already, I've issued a six-month moratorium on deepwater drilling.

BP paid around $63.4 billion by the end of September to cover clean-up costs and legal fees linked to the largest environmental disaster in U.S. history where 11 rig workers were killed.

“The Justice Department came up short because it largely targeted individuals who were too far down the corporate hierarchy to be compelling defendants in a case that involved a corporate culture run amok,” says David Uhlmann, the director of the Environmental Law and Policy Program at the University of Michigan and ...

How much money did BP lose from Deepwater Horizon? ›

The charge, which BP will take in its fourth quarter results, brings the total costs to about $65 billion for the largest environmental disaster in U.S. history, according to Reuters.

Forensic analysis of the BOP completed the following year determined that a set of massive blades known as blind shear rams—designed to slice through the pipe carrying oil—had malfunctioned because the pipe had bent under the pressure of the rising gas and oil.

July 15, 2010 – After several unsuccessful attempts to contain the spill, a “capping stack” was installed that stopped the release of oil. Every day, for 87 days, the Macondo well had released an average of more than 1.5 million gallons of oil into the ocean.

The Deepwater Horizon was designed to drill much deeper and it had done so, repeatedly. The only technical problem was the numerous methane pockets which caused "kicks."

Settlements with families of workers killed in last year's Deepwater Horizon oil-rig explosion are running at $8 million to $9 million so far, a range sharply inflated by companies' interest in avoiding another possible wave of bad publicity from the accident.

Mr. Vidrine and fellow rig supervisor Robert Kaluza were indicted in 2012 on manslaughter charges, but the case eventually fizzled after a judge threw out some of the manslaughter charges and prosecutors elected to drop the rest.

Of the 126 crew members on board, 11 people lost their lives the night of the explosion. Williams says he still struggles knowing that they couldn't be saved. “The men who died that night, we were not able to recover – not one of the bodies.

The settlement

This total includes a $5.5 billion Clean Water Act penalty, $8.1 billion for natural resource damages, $5.9 billion to settle claims by state and local governments for economic damages, and $600 million for other claims. While a huge number, the settlement represents significant savings for BP.