BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster. More »
New research is shedding more light on the fate of the crude that gushed out of BP’s failed Macondo well in 2010.
BP is arguing in court that certain findings in a federal judge’s recent ruling actually work in its favor. More »
The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry. More »
A federal judge’s ruling that BP was reckless in the lead up to the Gulf of Mexico oil spill hinged on the company’s decisions to drill deeper than was deemed safe and skip or misread well integrity tests, among other factors “motivated by profit.” More »
I’ve written in the past about my skepticism when it comes to Hollywood depicting the oil & gas industry, and unfortunately I don’t see much reason or incentive for this film to take a different course. More »
BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today. More »
Federal investigators shed new light Thursday on why a key safety device failed to stop a blowout at BP’s Macondo well, which triggered the worst offshore oil spill in U.S. history four years ago. More »
Four years after the Deepwater Horizon disaster spotlighted shortcomings in the blowout preventers intended to safeguard offshore wells, government regulators are still drafting long-promised regulations meant to boost the reliability of those critical emergency devices. More »
Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill. More »
BP says it has completed operations to cleanse Gulf of Mexico shorelines of oil that spilled after Deepwater Horizon disaster in 2013. More »
Oil spilled during the 2010 Deepwater Horizon disaster causes severe defects in the developing hearts of tuna, according to a new study by government and academic scientists that hints at long-term damage from the accident. More »
Anadarko Petroleum Corp. (APC) officials urged BP Plc to drill deeper into the Gulf of Mexico well that caused the worst offshore oil spill in U.S. history even after BP warned that doing so would be unsafe. More »
BP inked a deal with the Obama administration on Thursday ending its 16-month suspension from new contracts to supply the Pentagon with fuel and drill in U.S. waters.
Even after selling off $38 billion in assets to slim down in the face of oil spill costs, BP could make trimming its balance sheet a habit. More »