As mentioned in The Roundup, BP settled with 120,000 victims of the oil disaster in the Gulf coast for a sum of $7.8 billion, all of which will come from the already allocated $20 billion oil spill fund. This result works well for BP, which can now get back to the business of exploiting world [...]

BP has released an internal investigation into the Deepwater Horizon rig disaster, which led to the release of five million barrels of oil into the Gulf of Mexico. The report and accompanying video basically blames everyone for the disaster, from misreadings of well integrity tests before the explosion, to the failure of the blowout preventer, [...]

Ken Salazar issued the new moratorium on deepwater drilling in the Gulf of Mexico yesterday. The six-month “pause” will give time for the new Bureau of Ocean Energy Management to implement new rules. The Interior Department believes the order will make it past the courts, unlike the previous moratorium. But this should not be seen [...]

Hurricane Alex has passed but the aftermath of the storm continues to hamper cleanup and containment efforts. The Helix producer ship has been waiting to join the capture effort. This will allow a switch of containment caps, which facilitates connecting and disconnecting when storms come in, and might help relief-well efforts, but could mean free-flowing [...]

At least 200,000 gallons of oil spurted into the Gulf of Mexico yesterday. Another 200,000-plus will spurt today. BP has yet to find a resolution to this crisis which has lasted three weeks. And the massive slick is on the move. The huge slick from the Gulf of Mexico oil spill threatened Louisiana shores west [...]