The U.S. has approved the first permit to resume deepwater drilling in the Gulf of Mexico since the BP oil spill a year ago. The Noble Energy project, 70 miles southeast of Venice, La., is slated to be deeper than the blown out BP well.
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn't own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.
BP is apparently considering the $1 billion sale of some of its assets in the North Sea as it tries to cover cleanup costs from the Gulf of Mexico oil spill. The company's Macondo well in the Gulf of Mexico exploded in April, leading to the most massive oil spill in U.S. history.
BP's (BP) relief well reached intercepted the Macondo well, putting engineers in a position to permanently plug the well that spewed out millions of barrels of oil into the Gulf of Mexico. The relief well intercepted the Macondo well late last night, Reuters reported. The next step will be to pour in cement near the bottom of the well, some 2.5 miles below the seabed.
Nearly five months since the start of the massive BP oil spill, many questions are still unanswered. More than 200 million gallons of oil were released between April and August, and now a team of marine scientists thinks they know where a large portion of the oil from the BP spill has gone.
The recent fire at an oil production platform in the Gulf of Mexico has brought unexpected focus on the platform's owner, Mariner Energy. Here's more on a company that isn't well known outside oil circles.
BP claims it stopped using oil dispersants more than a month ago, and stopped using a particularly toxic compound, Corexit 9527, back in May. So why is analytical chemist Bob Naman still finding evidence of it in the Gulf?
At a total of nearly 5 million barrels, the spill from BP ruptured Macondo well easily outstrips the previous record of 3.3 million barrels released into the Bay of Campeche by Mexico's Ixtoc I rig in 1979.
BP and the government will begin a series of tests Monday evening to determine whether the damaged well in the Gulf of Mexico is structurally sound enough to attempt a plan that would seal it once and for all.
Crews working to plug BP's ruptured oil well in the Gulf of Mexico aim to begin an operation to pour mud and cement into the well by Monday evening, a step toward fixing the leak permanently.
