US Cites BP, Two Contractors in Deepwater Horizon Disaster

By: Thursday October 13, 2011 12:15 pm

The first formal citations and fines have started to roll out for the Deepwater Horizon oil disaster, 18 months after the explosion that started it all. The Interior Department handed out citations to BP and some of its contractors: The citations, which could lead to millions of dollars in fines, arose from an investigation of [...]

BP Sues Other Deepwater Horizon Rig Contractors

By: Thursday April 21, 2011 7:40 am

In addition to being the anniversary of the BP oil disaster, yesterday was a deadline of sorts for lawsuits in the incident to be filed. And BP got theirs in under the wire. BP on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner [...]

BP Report Designed to Make Partners Liable

By: Wednesday September 8, 2010 8:35 am

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, [...]

Is BP Sunk?

By: Wednesday June 2, 2010 8:00 am

With the Justice Department pondering civil and criminal charges in the BP oil spill, including investigating the death of 11 employees, investors took flight from the oil giant. As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the [...]

Tax-Evader Transocean Wants To Evade Liability, Too

By: Friday May 14, 2010 10:07 am

We’ve spent a lot of time talking about BP’s liability in the wake of the oilpocalypse, but not as much about Transocean. They owned the Deepwater Horizon rig that BP used to flush petroleum out of the water, and they hold as much liability for the disaster as anyone. But not if they can invoke [...]

BP Oil Disaster Hearings Will Have Corporate Execs Blaming Each Other

By: Tuesday May 11, 2010 6:32 am

Later this morning, CEOs from BP and Transocean as well as executives from Halliburton will testify about the underwater volcano in the Gulf of Mexico which has to date leaked four million gallons of oil. The Senate Natural Resources Committee and the Environment and Public Works Committee will hold hearings today on the matter. Dan [...]

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