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US: $ 475M fixed given for long-term oil loss | Oil and Gas Issues

An oil company in New Orleans agreed to pay $ 432m for bag cleaning and add $ 43m to settle the case.

An oil company in New Orleans has agreed to pay $ 432m and pay $ 43m to clear a case of clearing wells that have been abandoned since 2004, state prosecutors said Wednesday.

“This stabilization represents a significant contribution to addressing the longest oil spill in U.S. history,” Nicole LeBoeuf, director of the National Oceanic and Atmospheric Agency’s National Ocean Service, said in a statement from the United States Department of Justice. .

The attorneys of Taylor Oil Co., who agreed to drop three lawsuits against the state’s laws and regulations, did not immediately respond to a request for comment. As is the case in such agreements, the interviewees stated that Taylor did not accept any responsibility.

U.S. State Judge Greg Gerard Guidry ruled in favor of the applicant after 40 days of public comment.

Sixteen wells in Louisiana have been leaking since September 2004, when a hurricane that triggered Hurricane Ivan knocked over the production tower of Taylor, dragging and crushing a group of pipelines. Taylor has closed nine wells but has said he will not close the rest.

Resolving requires Taylor to drop some cases. In June, the federal appellate court ruled that the district judge was in the right to file a lawsuit against a state contractor who devised a plan to seize more oil.

The plan has seized and removed more than 800,000 gallons (3 million gallons) of oil since April 2019, Coast Guard chief Will Watson, district commissioner in New Orleans, said.

“While it is a contribution to the development of ecosystems, the deterioration of our environment as a result of 17 years of oil spills is unacceptable,” said Duane A Evans, a U.S. attorney for the Eastern District of Louisiana.

Taylor’s website claims to have sold all its oil and gas in 2008 and is now available to respond to the demolished platform. The company has agreed to return all remaining assets after liquidation, the government said.

The trust fund was set up to close wells, clear the area, and clean up contaminated soil. One of Taylor’s suits, issued in 2016, sought to recover the remaining money, alleging that the authorities had violated an agreement that required them to put $ 666m in the wallet.

The company also appealed the Coast Guard’s rejection of its $ 353m bid for cleanup costs.

Trustees will be transferred to the Interior Department under termination. The $ 43m increase – all that is left of the company – is personal sanctions, removal costs and environmental damage, the report said.

It includes $ 15m in civil punishment, $ 16.5m in environmental damage, and more than $ 12m in costs to remove Coast Guard.

The Company will not be able to interfere with the work of the Bureau of Safety and Environmental Enforcement or to remove the oil and removal of the Coast Guard, and will review all studies, reports and other records of the site.

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