Hurricane Ida moves toward the coast of the U.S. state of Louisiana as a potential Category 4, after impacting Cuba yesterday. The storm is strengthening in the Gulf of Mexico and is expected to reach New Orleans on Sunday. Mayor LaToya Cantrell orders centralized evacuations in the city.
Hurricane warnings are issued to multiple locations in Louisiana and Mississippi as Hurricane Sally approaches from the Gulf of Mexico with sustained winds of 50 mph. Flood watches are still in effect in Florida's west coast, including Tampa.
London-based BP agrees, pending court approval, to pay $US18.7 billion to compensate the United States government and the five Gulf Coast states--Alabama, Florida, Louisiana, Mississippi and Texas--for damages stemming from the 2010 Gulf of Mexico oil spill. The settlement includes a civil penalty of $US5.5 billion under the Clean Water Act.
2012 Atlantic hurricane season: Tropical Storm Debby forms in the Gulf of Mexico with a warning issued for the US state of Louisiana. This is the first time since 1851 that four storms have formed before July.
BP is to sell assets worth an estimated $1.8 billion as part of series of sales to help pay for damages caused by the explosion on its Deepwater Horizon rig in April, which killed 11 workers and spilled more than 200 million gallons of crude oil into the Gulf of Mexico.
BP begins collecting crude oil from a second containment system that the company hopes will help stem the thousands of barrels escaping from their damaged well, an amount that scientists said could be as high as 60,000 barrels a day.