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Mariner Energy: What You Need to Know about the Owner of Vermilion 380

(Sept. 2) -- Mariner Energy (NYSE: ME), which owns Vermilion 380, the offshore oil platform that exploded in the Gulf of Mexico this morning, has had 13 accidents in the Gulf of Mexico since 2006, including four fires and two explosions. Possible violations were reported in at least seven of those accidents, according to...

BP to Sell Assets for $7 Billion to Apache

NEW YORK (July 20) -- BP PLC said Tuesday it will sell assets in the U.S., Canada and Egypt to Apache Corp. for $7 billion to help pay the costs from the Gulf of Mexico oil spill. At least part of the proceeds will go toward a $20 billion fund that BP agreed to last month under pressure from the Obama administration. The...

Background on apache

Apache (; ) is the collective term for several culturally related groups of Native Americans in the United States originally from the Southwest United States.

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