It's been just over three years since the Macondo well ruptured in the Gulf of Mexico and spilled almost 5 million barrels of oil. This week was another step closer to bringing that accident to a close. BP and the U.S. Coast Guard recently announced that active cleanup duties in Mississippi, Alabama, and Florida have ended, leaving an 84-mile stretch of Louisiana coastline as the only active cleanup site left from the spill.
It has been a long process cleaning up the 1,100 miles of coastline that was contaminated during the spill. BP and rig operator Transocean combined have spent almost $20 billion in litigation and cleanup costs. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy look at how BP, Transocean, and the third party involved in Macondo spill, Halliburton have fared after the spill.
There are many different ways to play the energy sector, and The Motley Fool's analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out the special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article BP Is 84 Miles From Leaving the Macondo Spill Behind originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Chevron and Halliburton. The Motley Fool owns shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.