That Oil Looks Like Macondo Oil!

Oil spews from the Macondo well in 2010. (Photo courtesy of U.S. Geological Survey via WHOI)

(Bloomberg) -- An oil sheen discovered last month in the Gulf of Mexico near the site of the Deepwater Horizon rig explosion matches samples from the BP Plc oil spill. BP, the owner of the well that caused the worst offshore spill in U.S. history, reported the sheen on Sept. 16, and the U.S. Coast Guard took samples 10 days later, the Coast Guard said yesterday in a … [Read more...]

Former BP Engineer Arrested for Obstruction of Justice During Gulf Oil Spill


(Dow Jones) A former engineer for BP PLC (BP, BP.LN) has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf of Mexico as BP tried to staunch the Deepwater Horizon spill in the spring of 2010. Kurt Mix, of Katy, Texas, is charged with two counts of obstructing justice for deleting from his smartphone hundreds of text messages … [Read more...]

Deepwater Horizon Civil Trial Postponed


The civil trial over the Deepwater Horizon disaster has been postponed until March 5 to give BP PLC (BP, BP.LN) and lawyers representing those who say they were injured by the oil spill more time to reach a settlement, both sides said Sunday. The trial, which had been slated to begin Feb. 27 in Federal District Court in New Orleans, is meant to determine the culpability of … [Read more...]

Transocean Fires Broadside at BP Over Contractual Agreements

Deepwater Horizon disaster BP Transocean oil spill blowout

Transocean Ltd. (RIG, RIGN,VX) filed a motion in federal court on Tuesday morning to force BP PLC (BP, BP.LN) to indemnify it against damages related to the Deepwater Horizon oil spill. The legal salvo is the latest in an increasingly bitter contractual dispute between the companies over whether the Switzerland-based Transocean should help pay billions of dollars in costs … [Read more...]

BP Contractors Could Face Fines Over Gulf Oil Spill

gulf oil spill

By Tennille Tracy, The Wall Street Journal WASHINGTON—The prospect that contractors for BP PLC could be fined by the government over the Deepwater Horizon oil spill is jolting the contracting industry, which traditionally avoided liability in such accidents. U.S. regulators are set to hand out punishments in the Deepwater Horizon case as soon as this week, following … [Read more...]

USCG: Deepwater Horizon Is NOT Source Of Gulf Oil Sheen


HOUSTON (Dow Jones)--The U.S. Coast Guard said Friday the wreckage of Transocean Ltd.'s (RIG) Deepwater Horizon rig, which sank last year, isn't leaking oil and is not the source of oil sheens seen recently in the Gulf of Mexico. A Coast Guard spokeswoman said a team of experts that viewed the video footage taken by an ROV agreed that nothing shown in the feed "provided any … [Read more...]