Trump Administration Scraps Offshore Worker Protections Proposed in Wake of Deepwater Horizon Explosion

  New rules meant to protect those working in the offshore drilling industry have been scrapped, after the Bureau of Safety and Environmental Enforcement (BSEE) refused to enact the regulations. According to the Houston Chronical, the refusal comes as the BSEERead More

Oil Industry Reforms May Be Too Little Too Late

Regulatory bodies are looking to institute new legislation to reform the offshore oil drilling industry, but many experts in the field are worried that the new measures may be too little, too late. The Bureau of Ocean Energy Management, RegulationRead More

Mexico Set to Increase Production of Oil

Mexico has markedly reduced its oil exploration and production since 2006, despite its rich offshore oil reserves. Now, the Central American country is planning to revitalize its floundering oil industry by looking to foreign investors to fund exploration of offshoreRead More

Gulf Oil Drilling Thriving 18 Months After Deepwater Horizon Disaster

Close to two years after one of the worst oil spills in United States history, oil drilling is still thriving in the Gulf of Mexico, the scene of last year’s tragic Deepwater Horizon incident in which a BP oil tankerRead More

BP And Transocean Found Liable For Deepwater Horizon Accident

The chemical safety board (CSB) have released preliminary findings from their investigation into the 2010 Deepwater Horizon oil spill tragedy that suggest that BP and Transocean may be held liable for the incident. The CSB report states that the oilRead More

Findings of Deepwater Horizon Investigation Released

The American Chemical Safety Board (CSB) is scheduled to release its findings of an investigation into the Deepwater Horizon disaster that caused the devastating 2010 Gulf of Mexico oil spill this week. The CSB is one of several federal regulatoryRead More

BP Engineer Faces Federal Charges for Destroying Evidence Following Deepwater Horizon Disaster

On Tuesday, the U.S. Justice Department filed federal criminal charges against Kurt Mix, a former engineer for BP, for obstruction of justice for allegedly destroying text messages which described the rate of oil gushing from the damaged Macondo well followingRead More

BP Settles Bulk of Gulf Oil Spill Cases for $7.8 Billion

Rumors are swirling that BP, Plc has reached a $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC), a group that represents more than 100,000 individuals negatively affected by the 2010 Deepwater Horizon explosion and subsequent oil spill. This settlementRead More

BP Oil Spill Trial Postponed For Settlement Negotiations

U.S. District Judge Carl Barbier delayed the start of trial just 24 hours before it was set to get underway so that BP can discuss settlement with the Plaintiffs’ Steering Committee (PSC). The PSC represents thousands of individuals and businessesRead More

BP Announces Profits, New Gulf Project as Criminal Trial Nears

BP recently announced plans to raise its dividend by 14 percent up to 8.0 cents per share for the fourth quarter of 2011, making it the first rise since the company resumed paying out dividends about a year ago. TheRead More

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