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Transocean Is Cutting Injured Oil Rig Workers' Pay

(Oct. 20) -- Transocean Ltd. plans to discontinue paying full salary and benefits by Dec. 15 to crew members injured in the Deepwater Horizon disaster in the Gulf of Mexico, according to the company's latest court filing. The company announced the cutoff in a one-sentence court paper filed Friday. More than 60 lawsuits...

Vermilion Bay Explosion Update: Rig Fire Put Out, Oil Sheen Still Unconfirmed [SATELLITE IMAGE]

(Sept. 3) -- The fire on the Vermilion 380 oil platform that exploded in the Gulf of Mexico on Thursday has been successfully put out, the U.S. Coast Guard reported in an update late Thursday night. Here's a satellite image of the fire shortly after it broke out Thursday, via NASA: According to the press release from...

Exploded Oil Platform Was Damaged by Hurricane Ike, SEC Filing Reveals

(Sept. 2) -- The oil platform that exploded in the Gulf of Mexico today, 90 miles off the coast of Louisiana's Vermilion Bay, was damaged by Hurricane Ike in 2008, according to documents filed by the platform's holding company, Mariner Energy. "Hurricane Ike damaged the structure with the rig on the platform, causing us...

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...

Oil Platform Explosion Causes Panic Over Unconfirmed New Spill

(Sept. 2) -- Initial reports suggest that today's Gulf Coast oil platform explosion is not the beginning of a second major gulf oil spill disaster -- let alone one on the scale of the BP Deepwater Horizon explosion, which killed 11 (as opposed to today's good news that all 13 workers were saved). Yet many around the Web...

oil rig explosion News From AOL

THE HUFFINGTON POST

BP - Up to Their Necks in More Deep Water?

After an estimated 4 million barrels of oil oozed out into the ocean due to an oil rig explosion, BP's leaking "Deepwater Horizon" site was finally stemmed after 87 days of pollution in 2010.