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Obama Oil Commission

Timeline: Gulf of Mexico oil spill

Here is a look at BP since the Gulf of Mexico oil spill in 2010, as the company faces paying a record U.S. criminal penalty under a plea bargain deal, sources say:April 20, 2010 - Explosion and fire on the Deepwater Horizon drilling rig kills 11 workers. The rig is owned by Transocean Ltd and licensed to BP. Ten days later BP CEO Tony Hayward says the company takes full responsibility and will pay legitimate claims and the cost of the cleanup.June 22 - Hayward hands day-to-day control of spill operations to Managing Director Bob Dudley, having been criticized for his handling of the crisis including commenting that he would like his life back. BP later names Dudley as its next CEO.September 19 - BP permanently seals the leaking well.January 5, 2011 - White House oil spill commission says in a report BP and its partners made a series of cost-cutting decisions that ultimately contributed to the accident.April 20 - BP sues Transocean seeking at least $40 billion in damages and other costs...

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  1. Gulf Oil Spill Panel to Release Initial Findings

    FBN's Connell McShane on the initial findings of an investigation into the oil spill in the Gulf of Mexico.

  2. U.S. to Unveil New Drilling Rules by Thursday

    The Obama administration is set to release its latest set of requirements for offshore oil drillers by Thursday as the government moves toward lifting its contested ...

  3. US govt to unveil new drilling rules by Thursday

    By Ayesha RascoeWASHINGTON (Reuters) - The Obama administrationwas set to release its latest set of requirements for offshoreoil drillers by Thursday as the governme...

  4. Gulf Oil Rigs Struggle From Lack of Permits

    FBN's Liz Claman on the challenges oil companies face by operating in the Gulf of Mexico, with the lack of permits distributed by the government.

  5. Shallow Drillers Concerned Over Deepwater Moratorium

    FBN's Liz Claman visits an oil rig off the coast of Louisiana.

  6. Comcast Announces Zucker Replacement

    FBN's Connell McShane on Comcast announcing Stephen Burke will succeed Jeff Zucker as NBC Universal CEO.

  7. Gulf Oil Spill Commission Meets on Response

    FBN's Connell McShane on a panel looking into the Administration's response to the BP oil spill .

  8. US spill panel examines offshore drilling policy

    By Ayesha RascoeWASHINGTON (Reuters) - The White House oil spill commission Wednesday will probe U.S. offshore drilling policies and consider pushing the oil industr...

  9. President Knows Best?

    FBN's David Asman sounds off on the continued arrogance of President Obama .

  10. Tensions Flare on Oil Spill Panel

    FBN’s Connell McShane on looming tensions among members of the president’s independent commission as they convene today for the first time.

  11. BP CEO To Testify Before Congressional Panel

    FBN’s Rich Edson on the government’s talks with BP about issues related to the oil spill .

  12. Plugging the Spill: Is BP Doing Enough?

    ABC News' Jake Tapper on people's doubts that the oil company and the federal government are doing everything that can be done to stop the oil spill .

  1. Bob Graham on the Lack of Focus of U.S. Nat'l Security

    Fmr. Sen. Bob Graham, (D-Fla.), on the need for U.S. intelligence to focus on its search for al-Qaeda, not on Libya.

  2. Oil Spill Commission to Call for Reform

    FBN's Ashley Webster breaks down the business day's top stories.

  3. Oil Spill Commission to Call for Industry, Gov't Reform

    FBN's Ashley Webster on the Oil Spill Commission ’s report on what reforms are needed to reduce the risks of another oil spill .

  4. BP Challenges US on Amount of Oil Spilled in Gulf of Mexico

    British oil giant BP (NYSE:BP) is challenging the US government over the amount of oil that spewed from its blown-out Macondo well in a massive three-month spill in ...

  5. How BP's Oil Spill Costs Could Double

    Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected unde...

  6. Spill Fund Rules Would Shift Rights to BP

    Claimants to BP Plc's $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP's eff...

  7. BP, Firms Did Not Cut Safety Over Money: Panel

    The White House oil spill commission said on Monday it found no evidence to support accusations that the largest offshore oil spill in U.S. history happened because ...

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