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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. Well leakage through cement is a problem that increases maintenance costs and poses threats to surrounding communities and the environment.

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Transocean to pay record $1.4 billion in civil and criminal fines and penalties for role in Deepwater Horizon disaster

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and related entities were filed in US District Court in the Eastern District of Louisiana. and Triton Asset Leasing GMBH have agreed to pay an additional $1 billion to resolve federal Clean Water Act civil penalty claims for the massive, three-month-long oil spill at the Macondo Well and the Transocean drilling rig Deepwater Horizon.

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