Offshore Drilling, Deepwater Horizon | featured news

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BP profits hit $5.3 billion

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.

 

Rig owner attacks Obama, BP executive heckled

The owner of the Deepwater Horizon rig, which is spewing oil into the Gulf of Mexico, on Tuesday criticized President Barack Obama's six-month ban on deepwater drilling.

 

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