gulf of mexico spill report News

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BP Back to Profitability, But Spill Cost Upped to $40 Billion

(Nov. 2) -- It may not be any consolation, but those in the Gulf of Mexico tourism and seafood industries still hurting economically from the oil spill do have some company. Though that company recently returned to profitability, it hasn't been cheap for BP either. In fact, it just got more expensive. In September, while...

4 Most Glaring Errors Cited by Obama's Oil Spill Panel

(Oct. 7) -- Scientists describe the official response to BP's Gulf of Mexico oil disaster as a giant science experiment carried out in real time since it was the first in U.S. history involving a deep-water oil rig. Yet the preliminary assessment released this week by the Oil Spill Commission, which was appointed by...

The 4 Big Things BP Left Out of Its Spill Report

ANALYSIS (Sept. 9) -- So the world now knows what's in BP's much-publicized internal report on what happened on the Deepwater Horizon rig. But what's not in the document? Quite a bit. The report lays out in 193 pages, with a full complement of appendices, eight factors that BP says converged to cause the Gulf of...

BP: Series of Calamities Caused Gulf Oil Spill

(Sept. 8) -- BP has concluded that a "sequence of failures" by "multiple companies and work teams" led to the explosion and fire that killed 11 workers and triggered the world's largest accidental oil spill in the Gulf of Mexico earlier this year. "No single factor caused the Macondo well tragedy," the oil giant said...