Since then, the Trustee Council has approved five early restoration plans, encompassing 65 projects at an estimated cost of $866 million.

BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion (£47.3 billion). This aspect should not pass unnoticed and that it accepted responsibility over any removal costs occasioned by the spill (BP, 2011, p.2). BP had chosen to stop injecting its pipelines with a corrosion inhibitor as a cost savings measure. Oil giant BP will pay out more than $20 billion to settle claims against it for the Deepwater Horizon oil spill in 2010.

The 1989 Exxon Valdez spill cost $3.8 billion, but the lawsuits continue. The simple answer to how much it costs to clean up an oil spill is thousands to millions to billions of dollars. BP Oil Spill Cost Hits $40 Billion, Company Returns To Profit.

BP recently agreed to pay a fine of some $4.5 billion dollars from the US Department of Justice for malfeasance in the 2010 Deepwater Horizon oil spill, the largest fine paid in US history.

BP therefore acted in consistence with the regulatory requirement that demands the cooperation of the responsible party with the coast guard to contain a situation.

BP's expenditures on the spill included the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs, including fines and penalties. By Roy De Jesus Tampa PUBLISHED 4:39 PM ET Feb. 12, 2020 PUBLISHED 4:39 PM EST Feb. 12, 2020 SHARE BP said today it expects the cost of the Deepwater Horizon oil disaster to be $7.7bn (£4.8bn) bigger than previously thought, pushing the total bill to nearly $40bn.. BILOXI, Miss. The other half will come from BP lowering the value of its existing assets after it reduced its estimate for oil prices between 2021 and 2050 to $55 a barrel, down from $70 a barrel previously. The Major Ones .

BP's desperate attempt to stem the huge oil spill in the Gulf of Mexico could cost the oil giant as much almost £1bn, it has emerged.

— BP PLC is once again reporting profits even with an estimated $40 billion price tag … In 2011, one year after the Deepwater Horizon oil spill, BP agreed to provide up to $1 billion toward early restoration projects in the Gulf of Mexico.

AFP November 3, 2010 6:58am.

THE Gulf of Mexico oil spill will cost BP $40.03 billion - one quarter more than the oil company's original estimate. These projects allowed us to start restoring the Gulf before the formal damage assessment ended. The answers that they received came from the media.

BP oil spill costs soar to $40 billion. At the time, BP was achieving record profits. The devastation to the area would take at least ten years to heal. Join Our Community. BP’s under-clubbing of the costs of Texas City was made up for by a more than doubling of the oil price between 2005 and 2008. BP agreed to pay $18.7 billion to settle all federal and state claims arising from the 2010 Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history. Getting Answers: How Much BP Oil Spill Settlement Money is Still Out There? Socially Responsible Investors demanded answers. Top Ten Costs of the BP Oil Spill that won't be Covered by the $4.5 Billion Fine By Juan Cole - Nov 16, 2012, 3:18 PM CST. Due to the loss of the market value, BP had dropped from the second to the fourth largest of the four major oil … The oil spill went undetected for a minimum of five days.

Exxon Valdez oil spill was not comparable to the 2010 BP oil spill in terms of the amount of oil spilled and the damage to the enviroThe amount of crude oil spilled in 1989 to the nment. The 2010 BP Deepwater Horizon spill is estimated to cost $61.6 billion when all the lawsuits and settlements are completed.

ea of Alaska was S estimated to be 250 thousand barrels, which is only 5 % of BP’s oil spill of 4.9 million barrels, and the The oil …