TPMMuckraker Anadarko Petroleum: June 2010
Anadarko Petroleum
Exclusive: BP Bills Anadarko $272 Million In Gulf Spill Response
An explosion at the Deepwater Horizon oil rig
Texas-based Anadarko owes BP more than $272 million for its share of cleanup and response costs in the Gulf, according to a bill that was sent by BP and obtained by TPMMuckraker.
Anadarko owns a 25 percent stake in BP's Deepwater Horizon, and BP wants Anadarko to pay for 25 percent of costs. Those costs include money BP has spent to drill the relief wells and stage other spill response efforts, plus reimbursements to the federal government, damages to equipment and claims paid to those hurt by the leak.
PERMALINK | COMMENTS (14) | RECOMMEND RECOMMEND (1)Topics: Anadarko Petroleum, BP, Deepwater Horizon, Gulf Coast Oil Spill
Anadarko Petroleum
Anadarko Had Say In Deepwater Horizon Well Design
Anadarko CEO James Hackett and a still from the Gulf
The Financial Times reported this morning that Anadarko, the U.S.-based company that owns 25 percent of the Deepwater Horizon's lease, had a say in the rig's design and got regular updates on its operation from BP.
The news could complicate Anadarko's attempt to prove that BP caused the blowout by acting negligently. If Anadarko can prove gross negligence or willfull misconduct, it can get off the hook for its share of cleanup and response costs.
PERMALINK | COMMENTS (1) | RECOMMEND RECOMMEND (0)Topics: Anadarko Petroleum, BP, Gulf Coast Oil Spill
Gulf Coast Oil Spill
Meet Anadarko, The Oil Company Struggling To Get Off The Hook For The Gulf Spill
Anadarko CEO James Hackett and a still from the Gulf
You could never imagine BP escaping public notice in the aftermath of the Deepwater Horizon explosion. And yet one of its partners, Texas-based Anadarko Petroleum has somehow -- despite owning a 25 percent stake in the Deepwater Horizon oil rig -- almost managed to fly under the public's radar.
That is, it did until last Friday, when Anadarko's CEO released a scathing statement declaring BP grossly negligent in the rig's explosion. But why risk the PR exposure? Possibly, Anadarko is looking to limit their legal exposure.
PERMALINK | COMMENTS (30) | RECOMMEND RECOMMEND (3)Topics: Anadarko Petroleum, BP, Deepwater Horizon, Gulf Coast Oil Spill
Joe Barton
Barton's Top Campaign Contributor Is Implicated In Gulf Oil Disaster
Rep. Joe Barton (R-TX)
It's well-known that Rep. Joe Barton (R-TX), the congressman who made headlines today for apologizing to BP for the "$20 billion shakedown" of the new escrow account, has been drenched in oil and gas industry money for years.
But here's a nice catch by 538:
PERMALINK | COMMENTS (40) | RECOMMEND RECOMMEND (5)Topics: Anadarko Petroleum, Campaign Contributions, Gulf Coast Oil Spill, Joe Barton
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