rig explosion gulf of mexico

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Exxon Discovers Huge Oil Field in the Gulf

Company expects to get 700M barrels

(Newser) - Exxon announced the discovery of two oil wells and a natural gas deposit in the deep water of the Gulf of Mexico that could collectively contain 700 million barrels. Two of the finds had been made in 2009 and 2010, but the company waited until today to unveil the amount... More »

Transocean Execs Land Fat Safety Bonuses

Company had 'best year in safety performance'

(Newser) - That minor explosion that killed 11 people and dumped 200 million gallons of oil into the Gulf of Mexico aside, it seems Transocean had a banner year in terms of safety. And to celebrate the "best year in safety performance in our company's history"—despite noting the "... More »

Workers on BP Rig Could Have Averted Disaster

No one asked visiting engineers about problematic test results

(Newser) - Experts on the BP Deepwater Horizon rig could have prevented last year’s huge oil spill—but no one checked with them, said the White House commission investigating the matter. A knowledgeable BP engineer was visiting the rig, but when a key pressure test returned odd results, workers didn’t... More »

Before Gulf, BP Had Azerbaijan Spill: WikiLeaks

Cables say PM accused firm of stealing billions

(Newser) - Eighteen months before the BP oil spill in the Gulf of Mexico, the company experienced a similar huge leak in Azerbaijan, WikiLeaks cables reveal. The firm was tight-lipped about the incident, angering its partners, the cables note, adding that BP was fortunate in getting its 212 workers to safety, the... More »

BP to Gulf Residents: Here's a Bonus ... Now Don't Sue Us!

Feinberg offering $5K to individuals who agree not to sue

(Newser) - The administrator of BP's $20 billion compensation fund is offering Gulf residents cash bonuses to speed up the process, reports the New York Times. But there's a catch: Anyone who takes the money ($5,000 for individuals, $25,000 for businesses) has to agree not to sue BP or any... More »

Gulf Blaze Rattles Oil Industry

Latest accident adds to calls for more regulation

(Newser) - The latest fire on an oil and gas platform in the Gulf of Mexico yesterday may not have spilled more oil into the Gulf , but it has further polluted the industry's image. The accident is going to make it harder for the industry to argue that the Deepwater Horizon disaster... More »

Oil Sheen Spotted at Platform Explosion—Or Not

Crew members safe, say they shut down active wells

(Newser) - Confusion reigns in the aftermath of today's oil platform explosion in the Gulf of Mexico. This much good news stands: All 13 crew members were rescued from the water. Everything else is changing quickly. The Coast Guard spoke of a mile-long oil slick at the site but now says it... More »

13 Workers Rescued From Oil Platform Blast

One person injured; no oil leaks seen

(Newser) - An offshore oil platform exploded in the Gulf of Mexico about 100 miles off the Louisiana coast today, but this one appears headed toward a better ending than BP's explosion. All 13 people aboard have been rescued—though one is reportedly injured. Earlier reports that the platform was inactive have... More »

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