Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible ...

Obama promises return to normalcy during Gulf visit before addressing nation. A natural gas rig is seen at rear as President Obama, third from left, takes a ferry from Dauphin Island, Ala., to Fort ...

It’s been awhile since the Deepwater Horizon disaster that killed 11 men and kicked off the British Petroleum oil spill, sending barrels of oil gushing into the Gulf of Mexico. Now it seems it’s been ...

Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after their data first hinted at ...

WASHINGTON (AP) - The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about ...

The BP oil rig explosion and collapse in the Gulf of Mexico last month is prompting a reassessment of U.S. policy on deep-water drilling. It's also inspiring calls for more regulation. Just as the ...

The BP oil disaster holds a valuable lesson for investors. June 22, 2010 — -- Investors, take notice. The BP oil spill has taught us once again that no stock is immune from potential disaster. No ...

NEW ORLEANS, La. (AP) - An oil platform exploded and caught fire Thursday off the Louisiana coast, the second such disaster in the Gulf of Mexico in less than five months. All 13 crew members were ...

Reuters reports that Congressman Raul Grijalva is calling for BP to shut down another rig in the Gulf until it can be inspected: A group of U.S. lawmakers will recommend BP (BP.L) be ordered to idle ...