gulf oil spill cost News

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Gulf Residents' Skepticism Remains Uncapped

(Aug. 20) -- The BP spill appears to be capped for good, even though the ultimate solution known as "final kill" has yet to be implemented. But while fresh oil has stopped gushing into the Gulf of Mexico, distrust and resentment continue to flow freely. Many citizens and scientists alike do not believe an inter-agency...

BP May Have Already Plugged Oil Well for Good

(Aug. 13) -- Analysis of pressure tests on BP's cemented Gulf of Mexico oil well could indicate today that the damaged well is already plugged for good, and that a relief well won't be needed after all. For more than three months, BP has been drilling two relief wells near the Deepwater Horizon disaster, to intercept the...

Relief Well Drilling Suspended, but Tropical Storm Doesn't Materialize

(Aug. 11) -- A tropical storm warning covering much of the Gulf Coast temporarily halted progress on BP's relief well slated to finish off the Deepwater Horizon disaster, but the tropical depression dissipated this afternoon without causing any trouble for the spill area. BP is conducting pressure tests from a rig...

BP Oil Spill Lawsuits Assigned to New Orleans Judge

(Aug. 11) -- A federal judge in New Orleans has been selected to oversee more than 300 lawsuits against BP and its partners over the gulf oil spill. U.S. District Court Judge Carl Barbier was named Tuesday by the U.S. Judicial Panel on Multidistrict Litigation to handle all pretrial issues in the suits filed on behalf of...

BP Says It May Drill Again in Gulf Spill Reservoir

NEW ORLEANS (Aug. 6) -- BP PLC said today it might someday drill again into the same lucrative undersea pocket of oil that spilled millions of gallons of crude, wrecked livelihoods and fouled beaches along the Gulf of Mexico. "There's lots of oil and gas here," Chief Operating Officer Doug Suttles said at a news briefing....