Offshore drilling in the U.S. got a bad reputation after the 2010 explosion of BP Deepwater Horizon oil rig, which spilled 4 million barrels of oil into the Gulf of Mexico. Investment in offshore ...

It began following an explosion on the Deepwater Horizon oil drilling rig owned by Transocean and operated by BP, which killed 11 workers and released about 168 million gallons of oil into the ...

Florida Democrats are hailing President Joe Biden’s announcement on Monday that he will permanently ban future offshore oil and gas drilling off of Florida’s Gulf Coast, a long contentious issue that ...

A new law journal article argues climate polluters could be criminally charged in Pennsylvania. But some say it’s a risky ...

BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.

Mr Huhne told MPs an “urgent review” of oil and gas industry standards ... saying BP's interest in the Deepwater Horizon project amounted to 65% and the rig had been subcontracted from ...

most notably from BP's Deepwater Horizon oil drilling rig in 2010. "President Biden has determined that the environmental and economic risks and harms that would result from drilling in these ...

Even with lower oil prices, deepwater drilling remains a financially viable option for oil companies. As a result, RIG stands to benefit from this shift as more energy companies look to invest in ...

Shale drilling’s hot growth turned the U.S. into the world’s largest oil producer over the last decade. Now oil buried beneath the world’s oceans is expected to drive growth. Offshore ...