Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

It’s been four years since the BP Deep Water Horizon disaster where an oil rig explosion in the Gulf killed 11 workers and triggered the biggest oil spill in U.S. history. This brought upon $1.3 ...

Obama promises return to normalcy during Gulf visit before addressing nation. A natural gas rig is seen at rear as President Obama, third from left, takes a ferry from Dauphin Island, Ala., to Fort ...

WASHINGTON (AP) - The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about ...

Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after their data first hinted at ...

Reuters reports that Congressman Raul Grijalva is calling for BP to shut down another rig in the Gulf until it can be inspected: A group of U.S. lawmakers will recommend BP (BP.L) be ordered to idle ...

The BP oil disaster holds a valuable lesson for investors. June 22, 2010 — -- Investors, take notice. The BP oil spill has taught us once again that no stock is immune from potential disaster. No ...

The BP oil rig explosion and collapse in the Gulf of Mexico last month is prompting a reassessment of U.S. policy on deep-water drilling. It's also inspiring calls for more regulation. Just as the ...