Deepwater horizon News

Just recently, a US District Judge approved a settlement in which British Petroleum is paying out $7.8 billion dollars to anybody that agreed to settle.

Asides from having to pay out $4.5 billion, BP has something else to deal with: a ban from the EPA from pursuing new contracts with the federal government.

The British oil company, BP, and the United States Department of Justice (DoJ) and Securities & Exchange Commission (SEC), have reached a settlement agreement for the 2010 Deepwater Horizon oil spill that devastated much of the gulf coast.

BP is once again making headlines in the Gulf of Mexico, this time due to oil seeping from the abandoned containment dome used to help stop the 2010 Deepwater Horizon oil spill.

New Orleans - Back on track, oil behemoth BP announced on Tuesday it made $24 billion in 2011, and as a February 27 trial date over the 2010 Deepwater Horizon debacle approaches, the company’s lawyers are being accused of “hide-and-stall tactics.”

Less than eighteen months after the Deepwater Horizon tragedy and environmental disaster, the company behind it has been given the go ahead to drill in an area of outstanding natural beauty.

One million pounds of carbon were released into the atmosphere following the 2010 Deepwater Horizon Spill, according to researchers from the National Oceanic and Atmospheric Administration (NOAA).

Tucson - BP's catastrophe last year in the Gulf of Mexico that spilled more than 205 million gallons of oil into the ocean's waters, the result of fundamental dangers not being addressed, has led to a new report calling for an end to all new offshore drilling.

Washington - US prosecutors are assessing whether to pursue manslaughter charges against BP company managers over last year’s Gulf of Mexico fiasco that took the lives of 11 workers and created the largest environmental disaster in the country’s history.

Washington - The US government’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced this week it issued a deepwater drilling permit to Noble Energy, a minor owner of a well that BP has a 46.5 percent stake in.