The U.S. Department of Justice and BP PLC (NYSE: BP) have reportedly reached an agreement on the penalties the company will face related to the blowout of its Macondo well ... Read Full Story »
Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico ... Read Full Story »
Transocean Ltd. (NYSE: RIG) is likely going to be in the local nightly news reports all throughout the states in the Gulf of Mexico, whether it is justified or not. The ... Read Full Story »
Bad weather in North America and Australia, political unrest in the Middle East and North Africa, and a slow return to drilling in the US Gulf of Mexico have all ... Read Full Story »
Two weeks ago, Federal Judge Martin Feldman told the Obama administration to act within 30 days on a number of drilling permits for the deepwater Gulf of Mexico. The Bureau ... Read Full Story »