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President Barack Obama will not be allowing new drilling in the eastern Gulf of Mexico for at least seven years, according to a senior administration official.
The cruise ship stranded off Mexico this week by an engine fire limped back to port under tow on Thursday with 3,300 passengers bedraggled by three days at sea without hot water, air conditioning or cooked meals.
The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday.
BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill by $7.7 billion to $39.9 billion on Tuesday, pushing its profits down sharply in spite of higher oil and gas prices.
Halliburton and BP knew weeks before the blast on a rig in the Gulf of Mexico that the cement mixture they planned to use to seal the well was unstable, a commission found.
BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling.
Months after the nation’s worst oil disaster, the Obama administration will lift its moratorium on deep-water drilling in the Gulf of Mexico, the White House announced Tuesday morning.
BP's blown-out oil well in the Gulf of Mexico has finally been killed once and for all, five months after an explosion sank a drilling rig and led to the worst offshore oil spill in U.S. history.