Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
Halliburton agreed to pay $1.1 billion to settle what it calls “a substantial portion” of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico.
Oil giant BP has agreed to pay the largest criminal penalty in U.S. history, totaling billions of dollars, for the 2010 oil spill in the Gulf of Mexico, a person familiar with the deal said Thursday.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
In an effort to distract voters from his tax records, W. Mitt Romney launched a four pronged push back yesterday. Romney’s problem: each move revealed more about the problems with his floundering campaign.
Regulators said Wednesday BP has met strict safety requirements implemented after the Deepwater Horizon disaster.