massive oil spill

Cameron International, the maker of the Deepwater Horizon blowout preventer that failed to stop last year's massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under a legal settlement, BP said Friday.

BP's decision to resume paying dividends rankled Gulf Coast residents Tuesday who saw it as another sign the company wants to move even though many are still suffering from last year's massive oil spill.

Decisions intended to save time and money created an unreasonable amount of risk that triggered the largest offshore oil spill in U.S. history, a disaster that could happen again without significant reforms by industry and government, the presidential panel investigating the BP blowout concluded Wednesday.

A waste services company says a diver performing maintenance on a client's rig in the Gulf of Mexico, unrelated to the massive oil spill, has died after an underwater accident.

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

BP's massive oil spill in the Gulf of Mexico has focused attention on the petroleum industry's loose regulation and failure to plan for the worst.

Share + May 13, 2010 6:30 am US/Pacific NEW ORLEANS Global oil company BP PLC said Thursday its costs for fighting a massive oil spill in the Gulf of Mexico have risen by $100 million in three days to total about $450 million.

The top law enforcement executives for five states will meet to talk about legal options for dealing with the effects of a massive oil spill threatening their Gulf of Mexico shores.

President Barack Obama pledged an all-out response Thursday to the massive oil spill now expected to reach the Gulf Coast within a day and dispatched top officials to the region to help coordinate defenses against the potential environmental disaster.