On April 20th, 2010, the Deepwater Horizon drilling rig exploded in the Gulf of Mexico. The resulting oil spill was the largest in US history. A settlement was reportedly reached with the Mexican government earlier this year...
BP, PLC has announced plans to go forward with a major project in the gulf. They've reworked a 2013 proposal, trimming the cost of Mad Dog Phase 2 from $20 billion to $9 billion. Analysts see the decision to go forward as an indication of optimism in the future of oil prices.
The Louisiana coastline has made a better than expected recovery from the Deep Water Horizon disaster. The latest findings show many coastal areas have already returned pre-spill conditions.
BP has officially asked the United States Supreme court to hear an appeal pertaining to a 2012 settlement stemming from the Deepwater Horizon disaster. The company filed a writ of certiorari petition on Friday.
The Woods Hole Oceanographic Institution and the University of California at Santa Barbara have published recent studies indicating the oil is not seeping from the sealed-off Macondo well.
"Seems like this whole exercise is a belt-and-suspenders operation...There's no subtlety here. You're trying to get this issue to the 5th Circuit." - U.S. District Judge Carl Barbier
BP contends that the claims administrator made decisions earlier this year that expose the company to fictitious losses outside the intended terms of the settlement.
Relatives of workers killed in the 2010 explosion of the Deepwater Horizon drilling rig appeared in a New Orleans court room and gave "Gut wrenching" testimony before federal judge Sarah Vance approved an agreement with BP PLC. The company pleads guilty to manslaughter and other charges...
BP announced today an agreement to sell its refinery in Carson, California and Arco retail outlets in southern California, Arizona and Nevada to Tesoro Corp.
A federal panel has issued a report on it's invsetigation into the Deepwater Horizon Diasater. AP reports the panel places the blame squarely on the shoulders of decision makers with BP.
Just over a year after the Gulf Oil Spill, BP's attempts to move forward have been dealt a major setback. The company had announced a $16 billion share swap with the Russian Rosneft back in January.
'BP has never done anything other than send flowers and three people to Jason's memorial service' - Shelley Anderson, widow of rig worker Jason Anderson.
'I'd like my life back.' - Former BP CEO Tony Hayward
'I was exposed to those chemicals, which I questioned, and they told me it was just as safe as Dawn dishwashing liquid and there was nothing for me to worry about' - Jamie Simon
Wednesday will mark one year since Transocean's Deepwater Horizon exploded off the Louisiana Coast, causing the worst oil spill in U.S. history and killing 11 people. A Year After The Spill, How Are We Doing?
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