Offshore Drilling, Bp Oil Spill | featured news

The U.S. offshore drilling regulator could issue sanctions as early as next week against BP and the major contractors involved in last year's Gulf oil spill, an agency official said on Thursday.

The federal government's final report on the Gulf oil spill blames poor management, key missteps and a faulty cement job by BP and others for ...

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.

BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear - much of which had little to do with the cleanup, an Associated Press investigation shows....

Dig 2 feet into the sand on this wind-swept beach and up comes the foul smell of oil.

BP and its chief subcontractors, Halliburton and Transocean, made decisions that increased the chances of a catastrophic blowout, a team of experts said.

The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday.

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'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.