Oil Spill News

$350 Million As of May 10, London-based energy giant British Petroluem Plc (BP) said the oil spill in the Gulf of Mexico had cost it $350 million, suggesting the final bill could be much higher than many analysts predicted, and …

All around the Gulf Coast, fishermen, motel owners, restaurateurs and other small businesses justifiably are concerned about what the future may hold as a result of the Deepwater Horizon oil spill off the coast of Louisiana. Lawsuits are beginning to …

Crude from the massive Gulf of Mexico oil spill could eventually slosh ashore on Miami Beach or North Carolina’s barrier islands, if it connects with a powerful sea current, an oceanographer said Tuesday. Robert Weisberg, a physical oceanographer at the …

Transocean Ltd, owner of the Deepwater Horizon rig that exploded and sank last month killing 11 people, wants to limit its liability for the accident to about $27 million, according to a U.S. court filing Thursday. With analysts anticipating many …

Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the region’s shrimping …

Companies linked to the massive Gulf of Mexico oil spill are facing a flood of lawsuits, as legal actions from the disaster spread faster than the crude gushing from BP Plc’s blown-out undersea well. Nearly 100 lawsuits have already been …

U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two Senate committees, lawmakers accused …

Two former Florida attorney generals will be leading a legal team to represent the state on issues resulting from a runaway oil leak in the Gulf of Mexico. Jim Smith, who was attorney general between 1979 and 1987 and later …

The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …

Big oil goes under the spotlight Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a desperate race against time …