Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Deepwater Horizon

More Headlines »« Less Headlines

Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore oil drilling rig owned by Transocean.

Read More at Wikipedia ›

Related Topics

  1. Gulf Oil Platform Explosion
  2. Oil Rig Explosion
  3. Backup Safety Systems
  4. Oil Spill
  5. Gulf Oil Spill
  6. Oil Leak
Get updates on Deepwater Horizon
BP Oil Arrest: First of Many or Act of Desperation?

U.

S. officials made a splash last month with their first arrest in the BP (NYSE:BP) oil spill case, but many legal experts say the arrest was heavy-handed, perhaps even an act of desperation.Former BP engineer Kurt Mix was arrested in April for allegedly deleting text messages that showed the oil company may have realized more oil was spewing from its ruptured Macondo well than it publicly let on.While lawyers say his actions may make him guilty of tampering with evidence during a federal investigation, they say prosecutors are probably more interested in using him to reach high-level executives with more sensitive knowledge of the disaster."He's kind of an island looking at a huge criminal investigation, and the hope is he'll flip, give them some good evidence," said Seth Pierce, a partner of Mitchell Silberberg & Knupp who focuses on electronic discovery, class action defense and commercial litigation. Mix was just a project engineer for BP at the time the Deepwater Horizon rig explo...

Read More ›

  1. BP Expects To Spend $4 Billion A Year In Gulf Of Mexico - Executive

    After deep self-examination following the April 2010 Deepwater Horizon oil spill, BP PLC (BP, BP.LN) decided not to leave the Gulf of Mexico and opted instead to inc...

  2. Cameron 1Q Profit Up 22% On Valve Sales Growth; 2Q Cautious

    DOW JONES NEWSWIRESCameron International Corp.'s (CAM) first-quarter profit rose 22% on surging sales from the oil-and-gas equipment maker's valves and measurement b...

  3. UPDATE: Halliburton Files Protest Against BP Oil Spill Settlement

    ("UPDATE: Halliburton Files Protest Against BP Oil Spill Settlement," at 12:01 p.m. EDT, misstated the day Halliburton filed its protest in the first paragraph. The ...

  4. Halliburton Files Protest Against BP Oil Spill Settlement

    Halliburton says it had insufficient time to review BP's proposed $7.8 billion settlement-Oil services company says settlement would allow too many class action liti...

  5. BP Shares Fall 2.3% On Further Deepwater Claims

    Shares of BP PLC fell over 2% in London on Friday after an audit by the U.S. Department of Justice found the oil major owes an additional $64 million in payments rel...

  6. Diamond Offshore 1Q Profit Falls 26% On Lower Revenue, Higher Costs

    DOW JONES NEWSWIRESDiamond Offshore Drilling Inc.'s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs.The company declared a spe...

  7. Noble 1Q Profit Soars On Higher Dayrates

    DOW JONES NEWSWIRESNoble Corp.'s (NE) first-quarter profit more than doubled, topping Wall Street expectations as the offshore driller's contract dayrates increased....

  8. BP Reaches Settlement With Gulf Spill Victims

    BP PLC has reached a settlement with lawyers representing more than 100,000 people and businesses that claimed they were hurt by the 2010 Deepwater Horizon oil spill...

  9. BP, Oil Spill Plaintiffs Hammer Out Settlement

    British oil giant BP (NYSE:BP) reached an agreement on Wednesday to resolve a majority of the claims stemming from the 2010 Deepwater Horizon oil spill, which was th...

  10. BP Reached Pact To Resolve Claims Stemming From The Deepwater Horizon Accident

    BP PLC (BP.LN), a oil and gas company headquartered in London, said Wednesday it has reached definitive and fully documented agreements with the Plaintiffs' Steering...

  11. BP: Deadline For Gulf Oil Spill Settlement Extended To Wednesday

    DOW JONES NEWSWIRESA U.S. District Court extended the deadline for BP PLC (BP, BP.LN) to submit a settlement agreement with private plaintiffs affected by the Deepwa...

  12. BP Shareholders Show Anger At High Executive Pay

    BP PLC (BP, BP.LN) shareholders Thursday voiced their displeasure at the oil company's top management, accusing executives of having their "snouts in the trough," as...

  1. BP Deepwater Horizon Spill Trial Moved To 2013

    A trial to apportion blame and damages for the 2010 Deepwater Horizon disaster will now start in 2013 after the New Orleans judge hearing the case scheduled a new st...

  2. US Judge Gives Preliminary OK To BP-Plaintiffs Oil Spill Settlement

    A U.S. judge gave preliminary approval to a $7.8 billion settlement between BP PLC (BP, BP.LN) and individual plaintiffs over economic damages resulting from the Dee...

  3. Transocean 1Q Net Slips 86% On Impairment

    Transocean Ltd.'s (RIG, RIGN.VX) first-quarter earnings fell 86% as impairment charges again weighed on the offshore oil-driller's bottom-line results.Transocean, th...

  4. Getting Onboard With the Titanic II

    An Australian billionaire's plan to build a cruise ship called the Titanic II has already been attempted -- at least in a low-budget film by the same name."On the 10...

  5. Anadarko 1Q Profit Soars On Algeria Deal; Output Grows

    DOW JONES NEWSWIRESAnadarko Petroleum Corp.'s (APC) first-quarter profit surged as the oil-and-gas company booked a huge gain from a tax-related settlement in Algeri...

  6. Brazilian Regulator: Chevron Needs To Show It Can Prevent Spill Before Drilling Again

    Chevron Corp. (CVX) won't be allowed to resume drilling in its Frade field offshore Brazil until it finds the cause of two recent oil spills in the area and shows th...

  7. BP Executive: Will Continue To Invest In N America Natural Gas

    BP PLC's (BP, BP.LN) redoubling of safety measures in its deep-water projects is going to add costs to already-expensive exploration-and-production efforts, but the ...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Deepwater Horizon on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL