Posts Tagged ‘bp oil spill’

Cellino & Barnes – Gulf Disaster Update

Thursday, March 10th, 2011

From the Desk of Ross Cellino

The Presidential panel investigating the BP oil spill concluded that three corporations were at fault for causing the explosion in the Gulf of Mexico. They include BP, Halliburton and Transocean.

The result of the investigation described systemic problems within the offshore energy industry and government regulators who oversee it.

The investigation concluded that the bottom line cause of the explosion was poor decision making that led to technical problems.  Each of the three companies involved made individual decisions that increased the risk of a blowout. Why were bad decisions made, to save time and money.

The Deepwater Horizon disaster boiled down to one single failure, and that was management.  This report is bad news for the companies involved. The losses and damages, both personal and emotional will be felt for years to come.

Recent Gulf Oil Spill News

Thursday, August 5th, 2010

Reports indicate that the oil spill leak in the Gulf of Mexico is nearing an end. The static kill is working, as the mud that was forced down a blown-out well is holding down the flow of oil.

The next step would be deciding whether to cement the well. For the past three months, BP has been drilling a relief well, which will be used later this month to execute a “bottom kill.” The “bottom kill” involves mud and cement being injected into the bedrock 2 1/2 miles below the sea floor. Federal officials said they won’t declare complete victory until they get into the well from the other end.

There is a lot of work to do in the Gulf of Mexico. The amount of oil remaining in the water from this oil spill – or washed up on the shore – is still more than four times the size of the 1989 Exxon Valdez spill.

This disaster could end up costing BP $21 Billion in fines. These fines are in additional to the $20 Billion escrow fund the company has set up to pay damage claims.

Cellino & Barnes Assisting Gulf Residents with Claims Against BP

Tuesday, June 22nd, 2010

One of the nation’s largest personal injury law firms, Cellino & Barnes has established a team of attorneys focused on assisting residents of the Gulf Coast who have suffered economic damages as a result of the massive oil spill in the Gulf of Mexico.

The Cellino & Barnes attorneys are representing individuals and business owners who have lost income, been hit with decreased business revenues, experienced property damage or suffered other economic consequences or injuries as a direct result of the spill.


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