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Deepwater Horizon
BP Is Looking Strong a Year After Gulf Oil Spill
By not in system - AOL NewsNEW 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," ...
BP Gulf Oil Spill: A Look Back [PHOTOS]
By not in system - AOL NewsOn 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 ...
5 Transocean Executives Donating Safety Bonuses to Victims' Families
By Lisa Flam - AOL NewsThe 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. ...
Will BP Execs Face Criminal Charges? Not Likely, Experts Say
By Laura Parker - AOL NewsA Bloomberg News report that the U.S. Justice Department is considering manslaughter charges in its investigation of BP's oil spill in the Gulf of Mexico played prominently enough Tuesday to drive BP's share price down. But if criminal charges are filed against individuals involved in the disaster, it would be a rare event. An analysis of industrial disasters by University of Maryland law professor Jane Barrett shows that company managers are almost never charged in industrial accidents -- even in disasters that have killed more people than the 11 men who died in last year's explosion on the ...
Opposition Rises to Increased Nuclear Power Use; Offshore Drilling Support Rebounds
By Bruce Drake - Politics DailyHow long lasting are the effects of disasters on public opinion? The nuclear plant crisis that resulted from the earthquake and tsunami in Japan has prompted a spike in opposition in the U.S. to increased use of nuclear power, much like the rise in opposition to increased offshore oil drilling following the massive oil spill in the Gulf of Mexico that was set off last April by the explosion of the Deepwater Horizon drilling platform. But almost a year later, according to a Pew Research Center poll conducted March 17-20, support for more offshore oil drilling has rebounded. Fifty-two percent ...
US Approves First Deep-Water Well in Gulf of Mexico Since BP Spill
By not in system - AOL NewsNEW YORK -- The U.S. has approved the first deep-water drilling permit in the Gulf of Mexico since last year's massive oil spill. The Bureau of Ocean Energy Management, Regulation and Enforcement announced Monday that it issued a permit to Noble Energy Inc. to continue work on a well about 70 miles southeast of Venice, La. Noble started drilling the well four days before the Deepwater Horizon exploded. Drilling activity was suspended on June 12 under a moratorium the U.S. placed on exploration in waters deeper than 500 feet. No new deepwater permits had been issued since the moratorium was ...
Final Oil Spill Report: Industry Needs 'Dramatic' Change
By Laura Parker - AOL NewsWASHINGTON -- The presidential commission investigating the Deepwater Horizon explosion and oil spill has recommended stricter government regulation of the energy industry and the creation of an independent safety agency within the Interior Department to help protect against another oil disaster, the panel said in its final report. Without those sweeping changes, the nation is at risk for another catastrophic oil spill, the panel said. "If dramatic steps are not taken, at some point another failure will occur, and we will wonder why did the Congress, why did the administration, why did ...
Shell Oil's Gamble: Will It Be Able to Drill in the Beaufort Sea?
By Bob Reiss - Politics DailyIt's called a "controlled crash landing." The twin-engine Saab turboprop plane chartered by Shell Oil circled warily above the volcanic peaks of the Aleutian Islands Dutch Harbor last week. It dived through a tiny opening in the clouds and the wheels smacked down amid driving snow. Inside sat about two dozen Alaskan Eskimos and a handful of Shell oil executives. At stake on the trip may be America's next big oil find. Shell wants to drill at least one exploratory oil well north of Alaska in the Beaufort Sea in 2011. The company insists it can do it safely. Members of the Inupiat and Yupik ...
Father's Mission: Finding Why Son Died in BP Blast
By Laura Parker - AOL News
WASHINGTON (Dec. 12) -- Just before the Deepwater Horizon exploded, when the mud spewed like a volcano and the rig jolted, the worker assigned to monitor the safety systems watched her console on the bridge light up with flashing magenta lights, indicating the highest possible danger. Then she froze for a moment before sounding the general alarm. The lights indicated the highest level of combustible gas had entered the rig's shake shed on the drill floor below where the 11 men who died in the disaster were wrestling to regain control of BP's well. Andrea Fleytas had been trained to hit the ...
Report: Controversial NOAA Oil Spill Estimates Accurate
By Laura Parker - AOL News
(Nov. 23) -- Last summer's much-derided federal estimates of how much oil from BP's disaster remained in the Gulf of Mexico have proved mostly accurate, according to a peer review of the numbers released today by the National Oceanic and Atmospheric Administration. "The bottom line is, even under the intense pressures ... the team did a remarkable job of providing pretty accurate calculations," NOAA Administrator Jane Lubchenco said in a telephone conference call. The original report, released Aug. 4, featured a pie chart showing that just 26 percent of the oil remained as "residual," either ...
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