The US agencies' exhaustive report on the Gulf oil spill said complacency and cost-cutting led BP to make a series of decisions that complicated operations and added risk before the rig exploded.
Transocean Ltd., the Swiss company that owned and operated the Deepwater Horizon oil rig, says the Gulf of Mexico oil spill that occurred last year is the result of successive decisions made by well owner BP. BP calls it "an advocacy piece" to support Transocean's "litigation strategy."
Stricter deep-water drilling regulations mean Gulf Coast waters are likely to yield less oil this year. Energy firms may shift attention abroad.
Rep. Darrell Issa, who is set to take over the chairmanship of the House Oversight and Government Reform Committee, has made no secret of his love of hearings. He wants hundreds of them.
The White House’s new guidelines for offshore oil drilling in deep water were intended to make it tougher for oil companies to avoid detailed environmental reviews.
Without 'cap and trade,' Senate majority leader Harry Reid said Tuesday the narrower energy bill has a better shot at overcoming GOP opposition.
The federal government enacted a six-month moratorium on offshore drilling in deep waters in the wake of the Gulf oil spill. Depending on who you ask, it is either an environmental necessity or an economic disaster.
The Obama administration wants to change the way America manages its oceans. So it has introduced a plan to bring all stakeholders – from fishermen to oil companies – to the table.
With the end of the BP oil spill in sight, Obama orders federal agencies to zone human uses of coastal seas (and the Great Lakes). It won't be easy but it is essential.
The Obama administration on Monday cited control systems on subsea blowout preventers as one reason for its offshore drilling moratorium. But more than a year before the BP oil spill, authorities learned that balky control systems were the most common cause of blowout preventer failure.