Minerals Management Service

Is Transocean to Blame for
the Gulf Oil Spill?

Though BP has taken the brunt of the blame for the Gulf of Mexico oil spill, the Deepwater Horizon oil rig that exploded was owned by Transocean, and as investigators delve deeper into what happened on April 20, they're focusing more on Transocean's maintenance of the rig.

Minerals Management Service: Revenue Over Regulation

After the BP disaster, the Minerals Management Service is under fire, and a presidential commission will hold a hearing. A report reveals how the MMS became partner with the industry it regulates, often putting revenue ahead of safety.

Legal Briefing: BP-Anadarko Fight Stays Out of Court

BP and Anadarko will battle over whether the former was grossly negligent in the Deepwater Horizon project before an arbitration panel, not a court. This means the fight won't help oil-spill plaintiffs. Plus, Viacom vs. YouTube and dangerously industry-friendly regulators.

BP Used Cheaper, Riskier Well Design More Often

BP used a cheaper and riskier well design in more than one-third of its Gulf of Mexico deepwater wells -- significantly more often than most other big drillers in the area, according to The Wall Street Journal. The same design was used in BP's Deepwater Horizon rig.

What the Oil Spill Will Likely Cost BP

It's highly unlikely that the oil spill's cost to BP will be limited to the $75 million liability cap. Other ways BP will pay include EPA fines per barrel of crude leaked, damages under state law, and the probability that the spill will be many times larger by the time it's stopped.