BP Chairman Who Presided Over Gulf Spill Announces Retirement
Energy firm BP announced on Thursday that Carl-Henric Svanberg, the chairman who presided over the company during the Deepwater Horizon spill in the Gulf of Mexico, has decided to retire.
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Energy firm BP announced on Thursday that Carl-Henric Svanberg, the chairman who presided over the company during the Deepwater Horizon spill in the Gulf of Mexico, has decided to retire.
Tim Burton's latest fantastical oddity, "Miss Peregrine's Home for Peculiar Children," debuted with $28.5 million, leading North America ticket sales, according to studio estimates Sunday.
The name 'Deepwater Horizon' is synonymous to most with environmental catastrophe and corporate negligence. But for Mike Williams, who survived the April 2010 oil rig explosion, it was about something else.
The U.S. Department of Agriculture says it's focusing conservation programs along the Gulf of Mexico in a $328 million plan to help recovery from the 2010 oil spill.
The Justice Department and five states have finalized a settlement arising from the 2010 oil spill.
BP and five states announced a settlement Thursday that resolves years of fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.
Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
Last week's blowout on a natural gas rig off the Louisiana coast could shift regulators' focus to shallow-water drilling and make an overhaul of safety equipment regulations more likely.
The BP executive who led the company's probe of the Deepwater Horizon rig explosion defended the contents of his team's report on the disaster in his testimony Monday for a trial over the 2010 oil spill in the Gulf of Mexico.
A BP executive who led the company's internal probe of its 2010 blowout in the Gulf of Mexico is expected back on the stand for another day of testimony.
The first BP executive to testify at a trial over the nation's worst oil spill is set to take the stand for a second day on Wednesday to discuss the 2010 disaster in the Gulf of Mexico.
An engineer who played a prominent role in investigating levee breeches in New Orleans after Hurricane Katrina is scheduled to be the first witness on Tuesday at the trial.
A judge approved an agreement for BP to plead guilty and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.
Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class action settlement.
A settlement between the Justice Department and Transocean will pump dollars into projects designed to help the Gulf Coast recover from the nation's largest offshore oil spill.
The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.
CBS News has learned that BP is set to embark on the fifth day of a little-known mission to look for any new oil leaking from the Deepwater Horizon disaster.
BP has agreed to pay the largest criminal penalty in U.S. history, totaling billions of dollars, for the 2010 oil spill in the Gulf of Mexico, a person familiar with the deal said Thursday.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
The federal government's first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids Wednesday.
A federal trial over the nation's worst offshore oil disaster has been delayed for a week to allow more time for settlement talks, according to two people close to the case.
BP said it was "in their mutual best interests, and the agreement is not an admission of liability by either party." The companies are dropping all claims against one another, they said.
Relatives of some of the 11 men who died aboard the Deepwater Horizon oil rig are flying over the Gulf of Mexico on Wednesday, back to the epicenter of the worst offshore oil spill in the nation's history.
Disasters like the Gulf oil spill could happen again, according to the conclusions of a presidential panel.
BP has launched its biggest push yet to clean the tourist beaches that were coated with crude during the Gulf oil spill.
