Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

The Bureau of Ocean Energy Management on Friday didn’t approve BP’s proposal after outcry from federal lawmakers, ...

NEW ORLEANS — Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water.

BP's shoddy risk assessment and poor communication played a major role in the explosion of the Deepwater Horizon oil rig and deaths of 11 rig workers last April, a presidential commission says in a ...

NEW ORLEANS, LA -- Lawyers representing businesses and individuals claiming damages from the 2010 Gulf of Mexico oil spill have announced a $211 million settlement with Transocean Ltd., owner of the ...