A federal judge says he'll let a former BP engineer share confidential company documents with prosecutors -- who accused him of destroying records of the Deepwater Horizon oil spill -- in an attempt to clear his name.
A federal jury has rejected a lawsuit by actor Stephen Baldwin and a New Orleans businessman that claimed actor Kevin Costner and others tricked them out of millions of dollars in a dispute stemming from the 2010 Gulf oil spill, an attorney for Baldwin said Friday.
In 2011, Soledad O'Brien examined how clean up efforts were going a year after the Deepwater Horizon oil rig explosion.
A federal judge in Louisiana on Thursday rescheduled the liability trial in the BP oil spill in Gulf of Mexico and postponed it to early next year from later this year.
U.S. investors were set to hold steady at Tuesday's open, awaiting new reports on manufacturing, auto sales and corporate results for clues about the strength of the U.S. economy.
A look back at the first 100 days of the Deepwater Horizon oil disaster of 2010 and BP's efforts to contain the spill.
A former BP engineer has been charged with destroying 200-plus text messages about the Deepwater Horizon oil spill, including one concluding that the undersea gusher was far worse than reported at the time.
As we prepare to celebrate Earth Day on Sunday, let us not forget that Friday marks the second anniversary of the start of the BP oil spill. It deserves more than a shrug, an "oh, yeah," and "how's the fishing?" It deserves more than a solemn voiced announcer relegating it to a "this day in history," with a picture from the archives to jog our memory.
The oil disaster in the Gulf struck a chord with former Black Crowes bassist and iReporter Johnny Colt.
BP confirms oil has stopped flowing into the Gulf of Mexico for the first time in months as part of a well test.
BP announced Wednesday it has reached a class-action settlement with attorneys representing thousands of businesses and individuals who made claims after the 2010 oil spill in the Gulf of Mexico.
U.S. stocks recovered quite a bit of lost ground but still finished in the red Monday, following the path of world markets, after China lowered its annual growth target.
It's been nearly two years since the massive oil spill in the Gulf of Mexico. But is the worst over for BP, the company that leased the Deepwater Horizon rig?
U.S. stocks were set to open lower Monday, following the path of world markets, after China lowered its annual growth target.
BP and plaintiffs involved in the legal battle over the Gulf of Mexico oil spill -- the largest in U.S. history -- have reached an agreement, both sides said late Friday.
As settlement talks continue, the high-profile legal battle over the Deepwater Horizon disaster in the Gulf of Mexico that was scheduled to begin Monday has been delayed a week.
CNN's Richard Quest talks to BP CEO Bob Dudley about BP profits, pointing to a turnaround from the Gulf oil spill.
Oil company BP posted increased fourth quarter profits and raised its dividend on Tuesday, hailing the improved result as a turning point in the long climb back from Gulf of Mexico oil spill of 2010.
U.S. stocks were set to open slightly lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.
A federal judge in New Orleans has ruled that Halliburton is not liable for the some of the compensatory damages sought by third parties in the worst oil spill in U.S. history, leaving BP responsible for the majority of those claims.
U.S. stocks ended mostly lower Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.
A federal judge in New Orleans ruled Thursday that Transocean is not liable for Deepwater Horizon compensatory damages sought by third parties in the worst oil spill in U.S. history.
President Barack Obama made a pitch for continued federal support of energy research during Tuesday night's State of the Union address.
In an ongoing effort to recover all the cleanup costs from Halliburton, oil giant BP has told a federal judge in New Orleans that the contractor was "grossly negligent" in the 2010 Gulf of Mexico oil spill.
Gary Tuchman reports on seafood concerns following the BP oil disaster. Is it safe to eat?
Victoria Principal fears the proposed expansion of offshore drilling in the Gulf of Mexico and Arctic Ocean could lead to another disastrous oil spill like the one that devastated the U.S. Gulf coast last year.
BP is accusing Halliburton of having "intentionally destroyed evidence" related to the explosion aboard an oil rig in the Gulf of Mexico that led to the worst oil spill in U.S. history.
Don't call him a hypocrite on Netflix. Hedge fund manager Whitney Tilson is a buyer when the world hates companies.
The Obama administration proposed more oil drilling in Arctic waters Tuesday, planning two new leases in the Beaufort and Chukchi Seas off Alaska's north coast.
Scientists investigating the stranding of hundreds of dolphins in the northern Gulf of Mexico since early last year reported Thursday that they have identified Brucella bacteria in five of 21 tested and are trying to determine whether the deaths may be linked to last year's BP oil spill.
554 days after the Deepwater Horizon explosion, BP is back in action in the Gulf of Mexico.
BP has raised its target for disposals to $45bn and promised to boost pay-outs to shareholders as the UK oil group said it had reached "a definite turning point" after last year's devastating Gulf of Mexico spill.
U.S. stocks started the week with a steep sell-off Monday, following last week's stellar gains, as worries about Europe's debt crisis dominated.
Anadarko Petroleum Co. will pay BP $4 billion to settle claims related to the Gulf of Mexico disaster in April 2010, BP said Monday.
BP, Transocean and Halliburton all share responsibility for the deadly explosion that resulted in the April 2010 Gulf of Mexico oil spill, according to the final federal report on the matter released Wednesday.
With job creation taking center stage in American politics, the oil industry Wednesday made a pitch for drilling more widely. With looser restrictions, the industry says it could deliver 1.4 million new jobs, boost tax rolls by $800 billion, and increase domestic energy production almost 50%.
BP is blasting a raid by Russian law enforcement officers on the oil giant's offices. CNN's Jim Boulden reports.
CNN's Max Foster and Jim Boulden take a look at the $3.2 billion Exxon-Rosneft deal to develop oil in the Arctic.
The fund to compensate Gulf Coast businesses and residents for damages from last year's BP oil spill says it has paid out $5 billion of the $20 billion set aside for recovery.
BP reported $5.3 billion in second-quarter earnings Tuesday, marking a sharp turnaround from the staggering loss the oil company reported in the same period last year.
BP CEO Bob Dudley explains the company's second quarter net profit rebound and details future goals.
Most beaches look idyllic at first glance, but as you head to the shore this summer, what's really lurking in the water you're bathing in?
An internal investigation by Transocean, the owner of the rig that suffered a deadly explosion in the Gulf of Mexico last year, concluded that missteps by BP caused the enormous spill.
The House is set to streamline regulations around Arctic drilling this week that would speed the development of oil and gas reserves off the Alaskan coast over the objections of environmentalists.
One year after the oil spill, The Hangout Festival is estimated to pump 20 million dollars into Alabama's Gulf Coast.
Deadline passes for BP's talks to strike a deal with Rosneft. CNN's Matthew Chance reports.
At first glance, it seems like a great time to buy a refinery. The price of gas is hovering around $4 and will likely stay high heading into the summer months. (Even news of Osama bin Laden's death hasn't moved prices much.) But a closer look shows refiners are actually trapped between two sets of players in the oil industry -- providers who deliver crude oil to them for refining, and customers who buy their finished products.
A blackout knocked out power to a BP refinery -- the third-largest gasoline refinery in the country -- as well as facilities operated by Marathon and Valero in Texas City, Texas on Tuesday.
A Coast Guard report released Friday criticizes Transocean, the owner of the Gulf of Mexico rig that exploded a year ago, for serious flaws in its safety management system that contributed to the worst oil spill in U.S. history.
Many companies were hit hard by the BP Gulf of Mexico oil spill last year. Fortunately, the government is starting to distribute some of the money BP set aside to compensate those who suffered financial hardship.
BP is a very different company than it was on April 20, 2010. CNN's Jim Boulden reports on BP one year after the spill.
A daughter will walk down the aisle this year without her father. A rig survivor still awakens at night and screams. A native American tribe in Louisiana now eats pork, chicken and beans instead of oysters and crab.
The Gulf oil spill began one year ago this week. While much of the oil is no longer visible, does it remain unseen?
Live underwater video or 'spillcam' changed how Americans viewed the BP oil spill. One year later, now what?
As they furiously typed computer code through the night in a small Capitol Hill office, little did they know they were about to change the way Americans would view what has become known as the worst offshore oil spill in U.S. history.
On the first anniversary of an explosion on the Deepwater Horizon offshore drilling platform, which triggered the biggest oil disaster in U.S. history, BP filed suit Wednesday against the manufacturer of the rig platform's blowout preventer.
CNN's Rob Marciano reports on efforts to track, study, and rehab Gulf wildlife one year after the massive oil spill.
Oil drilling is returning to the Gulf of Mexico, but slowly.
Strong earnings from the technology sector have investors in high spirits Wednesday, with expectations of a strong start to the trading session.
One year after the oil spill, Plaquemines Parish President Billy Nungesser says he still doesn't know who's in charge.
A year after the onset of the worst oil spill in U.S. history, one of the most prominent Louisiana figures dealing with the disaster's aftermath remains frustrated.
I've been a fishing guide in the waters of the Louisiana bayou for more than 30 years. This special place along the Gulf of Mexico is a national treasure, a place where you could cast a rod out into the warm waters and pull out a red fish or speckled trout like snapping your fingers.
The fund established to compensate Gulf Coast residents in the aftermath of last year's massive BP oil spill said Monday it has paid out $3.8 billion so far.
Mississippi's governor announced Friday that the state will get a multimillion-dollar grant from BP to help recover from economic damage caused by the Deepwater Horizon oil spill.
The gate was wide open, so I just drove down the dirt road without stopping. A few hundred feet past the gate, a dust cloud kicked up. I slowed down, veered right, and stopped. A white Ford truck blocked the road to Elmer's Island.
Parts of the lake, near New Orleans, are now off-limits for fishing. CNN's Brooke Baldwin reports.
BP chief executive Bob Dudley on Thursday read aloud the names of the 11 men killed aboard the Deepwater Horizon oil rig last year -- a response to stinging criticism at its annual shareholder meeting that the company was putting profits over safety.
Randy Boggs met the enemy up close for the first time last June when he pulled his 65-foot fishing boat, Reel Surprise, out of the marina in Orange Beach, Ala., and into the Gulf of Mexico.
Tourism in Florida is getting a $30 mililon boost from BP, state officials said Monday.
Dead baby bottlenose dolphins are continuing to wash up in record numbers on the shores of the Gulf of Mexico, and scientists do not know why.
President Obama has had some pretty lousy luck with his energy plans.
A BP laptop computer containing the private information of about 13,000 individuals who filed oil-related claims after last year's oil spill has been lost, according to the oil giant.
U.S. stocks finished near session highs Tuesday, thanks to solid gains in telecommunication and retail stocks, and as investors shrugged off ongoing global concerns.
Shares of BP sank more than 2% Tuesday after the stock was downgraded and a report that federal authorities are considering charging company managers with manslaughter in connection with last year's disaster in the Gulf of Mexico.
U.S. stock futures were slightly higher ahead of the opening bell Tuesday, as investors awaited economic reports on housing and consumer confidence.
The oil spill at BP's Deepwater Horizon rig in the Gulf of Mexico was caused by a piece of drill pipe trapped in the platform's blowout preventer, which kept the device from working properly to stop the flow of oil into the Gulf, according to a report issued Wednesday.
People in northeast Japan are warned to remain indoors due to the rise in radiation levels. CNN's Stan Grant reports.
In Japan's earthquake-triggered nuclear emergency, at least 200,000 people who live within 21 kilometers of the Fukushima Daiichi Nuclear Power Station outside Tokyo have been removed from their homes -- residents who are already victims of the worst earthquake to hit Japan since records were kept.
The moratorium on deepwater drilling in the Gulf of Mexico in the wake of the Deepwater Horizon oil spill ended back in October of 2010. Since then, the two companies, Ensco and Hornbeck (HOS),that sued the government, fearful of the damage the moratorium could do to their businesses, are poised to recover.
After the BP oil spill left tar balls on the beach and rental properties sitting empty, Gulf Shores, Alabama, is cleaned up and ready for company.
BP CEO Bob Dudley, addressing the largest oil industry gathering since the disaster in the Gulf of Mexico last spring, apologized for the blowout and questioned the industry's ongoing response to drilling safety and the unrest in the Middle East.
Former chief executive Tony Hayward and other BP officials, including current CEO Robert Dudley, did not receive an annual bonus for 2010 -- a year marked by a fatal disaster that fouled the Gulf of Mexico.
The Obama Administration approved a permit to drill a deepwater oil well in the Gulf of Mexico Monday, the first such permit issued since the BP disaster last spring.
The instability in the Arab world claimed its first oil-rich victim over the weekend with the uprising in Libya. That's bad news for the bevy of international oil firms that have set up shop in the cloistered North African nation over the years, most notably Eni, the Italian oil giant. Libya has become a hot bed of energy investment since the lifting of trade sanctions seven years ago. Major oil companies from BP to ExxonMobil could now stand to lose millions, and in some cases, billions of dollars in investments and expected future revenue if the current regime falls.
Now it's official: The agency in charge of doling out payments to victims of last year's massive Gulf oil spill has come up with its final set of rules on who will get how much money, and it's barely changed from earlier versions.
A federal court ordered the Obama administration Thursday to act on five deep water drilling permits in the Gulf of Mexico within 30 days, calling the delays in issuing new decisions "unreasonable, unacceptable, and unjustified."
How much should victims of last year's massive Gulf oil spill get?
In a bluntly worded letter to the official who handles claims stemming from last year's Gulf oil spill, the Justice Department Friday urged changes to speed up the process and to pay more claims from BP's $20 billion fund.
Billy Nungesser, President of Plaquemines Parish, comments on BP's dividend payment after the Gulf of Mexico disaster.
BP's Russian partner AAR to block first dividend payment since oil spill. CNN's Mathew Chance reports.
CNN's Jim Boulden looks at the long-term damage the Gulf oil spill caused oil giant BP.
Several House Democrats introduced a bill Wednesday that would impose stricter federal controls and oversight on oil companies and owners and operators of offshore oil rigs along the U.S. coastline.
Four weeks after the catastrophic blowout that killed 11 workers and gushed millions of barrels of toxic crude oil into the Gulf of Mexico last spring, President Obama set up an independent commission to determine what went wrong and what we must do to make sure nothing like this ever happens again.
If the government does not take drastic steps, another deepwater oil spill like the BP spill in the Gulf of Mexico could devastate the coastal areas of the United States, an oversight commission warned Tuesday in a long-awaited report to the president.
Despite the current slow going in the Gulf of Mexico, worldwide deepwater oil production is surging, driven by high prices, new technology, and dwindling prospects on land.
Frustrated Plaquemines Parish President Billy Nungesser yells at a Coast Guard commander.
More than eight months after an oil rig explosion launched the biggest oil disaster in U.S. history, Louisiana officials say they're still finding thick layers of oil along parts of the state's coastline.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|