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Deepwater Horizon

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BP CEO: oil outlook ‘lower for longer, but not lower forever’

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The oil-market crash cost BP more last year than the Deepwater Horizon disaster cost it in 2010.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Industry study predicts Gulf drilling plummet from safety rule

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Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
Robert Kaluza, a BP well site leader from the Deepwater Horizon oil rig explosion, talks with his attorneys Shaun Clarke, left, and David Gerger, right, as they enter Federal Court before he is arraigned on manslaughter charges in New Orleans on  Nov. 28, 2012. (AP Photo/Gerald Herbert)

Schedule set for BP rig supervisor’s misdemeanor trial

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Last week, federal prosecutors dropped 11 counts of involuntary manslaughter against Robert Kaluza and co-defendant Donald Vidrine.
Brian Salerno, director of the federal Bureau of Safety and Environmental Enforcement   at the Offshore Technology Conference at the NRG Center Thursday, May 7, 2015. (Gary Coronado / Houston Chronicle )

Commentary: Proposed well standards bring accountability to offshore safety

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Industry standards alone won’t ensure improved offshore safety because they lack the force of law, says the head of the federal agency that regulates the offshore industry.
John Christmann IV, chief executive officer of Apache Corp., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Tuesday, June 9, 2015. (Aaron M. Sprecher/Bloomberg)

Apache shares surge on report of interested buyer

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Apache Corp. shares climbed as much as 13 percent on Monday.
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Ex-BP engineer says he was ‘scapegoat’

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On Sunday, Kurt Mix wrote in a first-person commentary posted on the Wall Street Journal website that was an oil spill scapegoat.
Deepwater Horizon

Texas lawyer among seven accused of faking thousands of BP oil spill claims

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The charges of conspiracy, mail and wire fraud, identity theft and aggravated identity theft involve 41 alleged victims, U.S. Attorney Gregory Davis said.
BPsign

BP plans financial overhaul as profits cut nearly in half

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BP’s profits fell 48 percent in the third quarter as low crude prices continued to batter its oil-production business.
Deepwater Horizon

BP, Justice Department file $20.8 billion oil spill accord with court

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A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP settlement agreement announced in July to be filed Monday

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A statement from the U.S. Justice Department has says the agreement involving the federal government, five gulf states and BP Exploration and Production will be filed Monday