Congress grills oil execs on prep for major leak
WASHINGTON — Two congressmen reviewing oil leak response plans of the nation’s five largest oil companies say they are nearly identical, and are all unprepared for an oil leak. Rep. Ed Markey, chairman...
View ArticleSenate Democrats plan bill to set up BP cleanup escrow
JUNEAU, Alaska — Some Senate Democrats said Tuesday that they are preparing legislation that would require BP PLC to establish an escrow fund — with perhaps $20 billion — to compensate victims and...
View ArticleFor BP, a $20B drop in a very large bucket
NEW YORK — BP holds enough oil in its reserves to single-handedly supply the United States for two years. It has little debt for a company of its size and makes more money than Apple and Google...
View ArticleTransocean president criticizes Obama’s drilling ban
The owner of the drilling rig involved in the massive oil spill in the Gulf of Mexico criticized the U.S. government’s six-month ban on deepwater drilling in the area Tuesday. On the sidelines of an...
View ArticleGulf oil spill panel to look at root causes
WASHINGTON — The new presidential oil spill commission will focus on how safety, government oversight and the ability to clean up spills haven’t kept up with advances in drilling technology, the...
View ArticleOil spill legal mess likely one of costliest ever
MIAMI — BP PLC and the other companies involved in the Gulf of Mexico oil spill are faced with fast-multiplying lawsuits that will provoke one of the most drawn-out and costliest legal battles in U.S....
View ArticleFishermen face mental health fight with few resources
George Barisich can see it in the eyes of many of the fishermen he meets, the pain and anguish brought on by the BP oil spill. “Some people got that glazed-over, dead cow look, like they’re ready to be...
View Article‘Nightmare well’ is dead, but Gulf challenges continue
The “nightmare well” is dead. But the Gulf coast’s bad dream is far from over. Federal officials declared Sunday that the well where the Deepwater Horizon rig exploded had finally been killed. Workers...
View ArticleBP, feds in talks over oil spill fines
A Louisiana congressman says BP and the Obama administration are discussing a possible settlement over fines for the company’s massive Gulf of Mexico oil spill in an effort to avoid a costly legal...
View ArticleGretna company contends in $1.4M oil cleanup competition
A Gretna company pushed to the front lines of oil cleanup during the BP oil spill is using that experience, plus 20 years spent manufacturing oil spill control equipment, to build a prize-winning...
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