oil rig

Cuba's Deepwater Oil Could Be a Game Changer

The delivery of a Chinese-built, Spanish-backed offshore oil rig to Cuban waters has been delayed until summer. But when drilling does begin 90 miles off the Florida coast, it could mean a host of problems -- and opportunities -- on the energy and the political fronts.

Rig Fire Shows Gulf Oil Spill's Lessons Are Being Ignored

No one died in the second major Gulf of Mexico oil rig mishap this year, and the fire aboard the Mariner Energy platform didn't lead to a spill. But that doesn't make it a win for America: More like a wake-up call that safety is still being given short shrift by the oil industry.

'Death on the High Seas Act' Needs Fixing to Help BP Widows

BP can pay the family of a rig worker killed in the Deepwater Horizon explosion a mere $1,000 as compensation for the death thanks to the outdated Death on the High Seas Act. Congress has vowed to change the act, but it may not be as easy as they think.

BP's Stock Slides as the Oil Slick Spreads

Shares of oil giant British Petroleum continued to fall on Monday as the company mounted an aggressive response to last week%u2019s oil rig fire that is racing against time to avert an environmental disaster.