MacondoOilWell News

MacondoOilWell News From AOL News

What Exploded Off Vermilion Bay: An Oil Rig or a Platform?

(Sept. 2) -- As news broke on Thursday of yet another explosion in the Gulf of Mexico, several media outlets proclaimed that an "oil rig" had gone up in flames, echoing the devastating accident at BP's Deepwater Horizon rig. But as the story unfolds, the U.S. Coast Guard is taking pains to draw a distinction between oil...

BP Passes the Buck to Oil Well Partners

Though BP has been the evil face of the Gulf oil spill, the company is passing the buck onto its partners in the Macondo well, and there's certainly no shortage of buck to be passed: Last month, BP sent a bill for $272 million to Anadarko Petroleum Corporation, which owns a 25 percent stake in the well, and $111 million to...