Offshore Oil Drilling, Bp | featured news

A new oil sheen was spotted in the Gulf of Mexico, although energy company BP said Thursday the discovery had nothing to do with its operations and was far from the site of its disaster-hit Macondo well.

BP and its chief subcontractors, Halliburton and Transocean, made decisions that increased the chances of a catastrophic blowout, a team of experts said.

The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday.

BP's blown-out oil well in the Gulf of Mexico has finally been killed once and for all, five months after an explosion sank a drilling rig and led to the worst offshore oil spill in U.S. history.

BP Plc's ruptured Gulf of Mexico well that caused the biggest U.S. offshore oil spill ever could be killed for good within four days, the U.S. official overseeing the spill response said on Wednesday.

Oil giant BP PLC said in an internal report posted on its website Wednesday morning that multiple companies and work teams contributed to the massive Gulf of Mexico spill that fouled waters and shorelines for months.

With the replacement of the failed blowout preventer and a cement plug in place, the well's seal is almost permanent, the federal spill response chief says. The final step will be to plug the well from the bottom.

BP was working to remove the failed blowout preventer from its ruptured well  — a key step towards killing the well and salvaging evidence that could help in the inquiry into the disaster.

Federal official calls for additional pressure tests before he will give the OK to finish drilling a relief well intended to help plug BP's runaway well for goodGulf Oil Gone?

BP Plc said on Friday it has completed a pressure test on its blown-out Gulf of Mexico well and those results are under review by government scientists and the British oil company.