U.s.: Five Times More Oil Leaking

New estimates show 5,000 barrels of oil a day could be spilling out of remains of offshore rig.

  • BP record $4bn penalty approved
    A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster. In November, BP said it would pay $4bn (£2.5bn) to the US Department of Justice and agreed to plea guilty to 14 criminal charges. More
  • Coast Guard: Body Found Near Burned Gulf Oil Rig
    Divers hired by the owner of an oil platform in the Gulf of Mexico that caught fire recovered a body in the waters near the site Saturday evening, according to the U.S. Coast Guard and the rig's owner. More
  • Search for 2 missing after oil rig blast continues
    Coast Guard crews continued searching for two workers missing after an explosion and fire aboard a Gulf of Mexico oil rig on Friday that was apparently triggered by workers using a blow torch to cut a pipe. More
  • Oil rig explodes in Gulf; 2 missing, 4 medevaced
    Two people were missing and four people were airlifted to a hospital Friday after an oil rig exploded in the Gulf of Mexico some 17 miles southeast of Grand Isle, La., the U.S. Coast Guard told NBC News. More
  • BP to pay $4.5 billion over Gulf oil spill
    BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday. More
  • Weekly Oil And Gas Update: Natural Gas Demand And Production Expected To Decline This Year
    Plus: oil and gas companies are among the corporations rethinking political contributions, amid increased calls from investors and the public for businesses to cut off donations to lawmakers who voted ...
    01/13/2021 - 3:58 am | View Link
  • Oil steadies as U.S. inventory fall tempers demand woes
    Oil prices steadied after an early jump on Wednesday as industry data showing a bigger-than-expected drop in U.S. crude inventories, but rising global COVID-19 infections capped price gains. Brent ...
    01/12/2021 - 10:36 pm | View Link
  • Oil companies lock in drilling, challenging Biden on climate change
    In the closing months of Trump term, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years.
    01/11/2021 - 8:05 am | View Link
  • Fracking The Virus: How Oil And Gas Contribute To The Fight Against COVID-19
    The oil and natural gas industry has made massive contributions to the fight against the COVID-19 pandemic over the last year. Those contributions have gone largely unnoticed by consumers and the news ...
    01/11/2021 - 12:43 am | View Link
  • How U.S. Shale Upended Global Crude Flows
    “The flow of U.S. oil since the ban’s end has kept global oil supply in balance even at times when politics have caused the loss of supply from Iran, Venezuela and Libya,” Sandy ...
    01/10/2021 - 4:26 pm | View Link
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