New Rules Proposed As 5-Year Anniversary Of Oil Spill NearsAlmost 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 To Sell Part Of Its Gulf Of Mexico Stake To ChevronBP 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 Reaches $1B Gulf Oil Spill Settlement 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.
BP Will Pay Record Fine, Two Facing Manslaughter Charges in Gulf Oil Spill 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.
Opinion: Another Hurricane Reminds Us Of The Need For An Effective AdministrationThe 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
Opinion: Romney: Pay Attention To What I Say, Not What I DoIn 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.
U.S. Gives BP First Gulf Drilling Permit Since Catastrophic Oil SpillRegulators said Wednesday BP has met strict safety requirements implemented after the Deepwater Horizon disaster.