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Latest Transocean Ltd. Items
A former Halliburton employee was charged Thursday with destroying evidence following BP's 2010 oil spill in the Gulf of Mexico.
BP's incoming CEO fired the executive responsible for deep water wells like the one that blew out in the Gulf of Mexico and announced a new unit to police safety practices throughout the company.
A cap was back in place on BP's broken oil well after a deep-sea blunder forced crews to temporarily remove what has been the most effective method so far for containing some of the massive Gulf of Mexico spill.
Tens of thousands of gallons more oil gushed into the Gulf of Mexico on Wednesday after an undersea robot bumped into the cap that had been containing some of the crude, forcing BP to remove it.
The Louisiana judge who struck down the Obama administration's six-month ban on deepwater oil drilling in the Gulf of Mexico has reported extensive investments in the oil and gas industry, according to financial disclosure reports. He's also a new member of a secret national security court.
BP has spent $2 billion in two months of fighting its Gulf of Mexico oil spill and compensating victims, with no end in sight to the disaster or the price tag.
UPDATED: A key safety device known as the blowout preventer used in the BP oil rig in the Gulf of Mexico had a hydraulic leak and other problems that likely prevented it from working as designed, congressional investigators said Wednesday.