Rayong fishermen mark 2 years since oil spill

Small fishermen in Rayong on Monday called on Thailand's biggest petrochemical company to do more to rehabilitate oil-spill impacted sites along the province’s coastline, saying they still are living with the after effects of a spill two years ago.

The demand was made at a forum held by the local Small-Scale Fishery Association to mark the second anniversary of the July 27, 2013 oil spill caused by the rupture of a PTT Global Chemical Plc offshore pipeline near the Map Ta Phut industrial estate that spilled 50,000 litres of crude oil into the sea.

BP agrees to pay $4.5B in criminal, securities claims by US for Gulf spill, oil giant announces

British oil giant BP has agreed to pay the U.S. government $4.5 billion in installments over a period of five years for the 2010 oil spill in the Gulf of Mexico, the oil giant announced in a press release.

The cost of BP's spill far surpassed the Exxon Valdez spill off Alaska in 1989. Exxon ultimately settled with the U.S. government for $1 billion, which would be about $1.8 billion today.

Under the terms of the agreement, BP agreed to plead guilty to 11 felony counts of misconduct or neglect of ships officers relating to the loss of 11 lives on Deepwater Horizon.

PTTEP fined A$510,000 for Montara incident

PTT Exploration and Production Plc (PTTEP) is fined 510,000 Australian dollar or approximately Bt16.55 million for the 2009 fire incident at its Montara field, off the coast of Australia.

In a statement to the Stock Exchange of Thailand, PTTEP President and CEO Tevin Vongvanich said that the company’s wholly-owned subsidiary PTTEP Australia (Ashmore Cartier) Pty Ltd plead guilty to four charges brought by NOPSEMA (National Offshore Petroleum Safety and Environmental Management) in relation to incompliance with regulations from the Montara incident.