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Click here to visit the new home of Politics Daily!MIAMI -- After being hammered for a year over the Gulf of Mexico oil spill, BP is going on the offensive with multibillion-dollar lawsuits seeking to shift at least part of the blame to those who owned the ill-fated rig or designed a failed safety device or supplied cement that didn't hold. Those companies - Transocean, Cameron International and Halliburton - each filed lawsuits of their own, and it will now be up to the courts to divvy up fault. BP, which has rebounded remarkably in the year since the April 20, 2010, disaster, will face an uphill battle in trying to shed the albatross of ...
NEW ORLEANS -- BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster. The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year's deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig ...
Oil is still in a few places in the Gulf, but for the most part it looks pristine. Anecdotal evidence indicates a rapidly recovering area -- escaped crude oil itself is scarce, and regular tests by the Louisiana Department of Wildlife and Fisheries have yet to reveal any tainted seafood. But the Gulf of Mexico and its coastal wetlands are vastly complicated ecosystems. Scientists had incomplete information on them before the BP oil spill a year ago today, and it will be years before they can start to draw conclusions about the impact of the millions of barrels of oil that spewed into the ...
NEW ORLEANS -- It's hard to tell that just a year ago BP was reeling from financial havoc and an American public out for blood. The oil giant at the center of one of the world's biggest environmental crises is making strong profits again, its stock has largely rebounded, and it is paying dividends to shareholders once more. It is also pursuing new ventures from the Arctic to India. It is even angling to explore again in the deep waters of the Gulf of Mexico, where it holds more leases than any competitor. "BP has a critical role to play in meeting the world's ever-growing need for energy," ...
On April 20, 2010, the BP Deepwater Horizon oil rig suffered a massive explosion off the Louisiana coast, killing 11 workers and releasing millions of gallons of oil into the Gulf of Mexico. Take a look back at the photos that captured the damage the oil spill caused to the Gulf's wildlife and industries. http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,localizationConfig,entry&id=996772&pid=996771&uts=1303223363 ...
Researchers have traced oil found on dead dolphins in the Gulf of Mexico to the BP Deepwater Horizon spill but say it's not yet clear whether the oil caused their deaths. Hundreds of bottlenose dolphins have washed up dead in the Gulf in the past year, an unexplained rise in deaths that has scientists concerned. Oil on six of the dolphins has been directly linked to BP's blown-out well, but researchers say it's too soon to conclude whether or not the oil was responsible or if their demise was caused by something entirely unrelated, the National Oceanic and Atmospheric Administration said. ...
The company that operated the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico last year, killing 11 men, said five executives who received safety bonuses will donate the money to a fund for the victims' families. Transocean drew criticism for reporting in a securities filing last week that 2010 was its "best year in safety performance," according to news reports, despite the deadly explosion April 20 and the massive oil spill that followed. AP Fire boat response crews battle the blazing remnants of the oil rig Deepwater Horizon last April in the Gulf of Mexico. ...
NEW ORLEANS -- As the Mardi Gras season descends over the city, the folks in the seafood business are holding their breath to see whether the tourists will, once again, dig fervently into the city's spread of fish, oysters, shrimp and crabs. "We don't know yet. ... We'll have to see what happens," said Mickey Harrison, the night manager at the Cafe Pontalba, situated near Jackson Square, a landmark park in the heart of the French Quarter. Approximately 71 percent of consumers still believe that Gulf seafood is not completely safe, according to latest survey done on the impacts of the massive ...
ROME -- European countries sent planes and ferries to Libya to evacuate their citizens, and some oil and gas companies pulled their foreign staff out and suspended operations, as anti-government protests spread to Tripoli for the first time. Many countries had already urged their citizens to avoid nonessential travel to Libya, or recommended that those already there leave on commercial flights. But as Libya's bloody crackdown against protesters moved to the capital, countries and companies alike stepped up their contingency plans. Oil companies, including Italy's Eni, Royal Dutch Shell PLC, ...
NEW YORK -- A group of oil companies led by Exxon said Thursday it has built a system that can stop an undersea oil spill within weeks, a critical step towards resuming drilling in the deepest parts of the Gulf of Mexico. The group said its combination of equipment and support vessels can contain a spill similar to BP's massive gusher, which took almost three months to plug. Some of the equipment was used by BP in containing its well blowout last year. Regulators have demanded that oil companies demonstrate the capability to contain the blowout of an underwater well before granting permits ...
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