Oil company BP and five Gulf states, including Florida, announced an $18.7 billion settlement Thursday which resolves years of legal fighting over the environmental and economic damage done by the 2010 oil spill.
BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
In an effort to conserve the Gulf of Mexico, Florida was awarded $34.3 million in conservation grants from a settlement over the 2010 oil spill.
Plans to spend $627 million on 44 projects meant to aid recovery from the 2010 oil spill in the Gulf of Mexico were approved Friday, but environmentalists are fuming that $58 million will go to an Alabama beachfront hotel they say will hurt rather than help the Gulf.
Police are looking for a man who walked into a gas station early Wednesday, pulled a ski mask over his face, pulled out a gun, and fled with cash, cigarettes and jewelry.
On this day three years ago, BP’S Deepwater Horizon rig exploded and killed 11 crewmen, ignited a massive fireball and left behind a gushing open well that ended in the largest offshore oil spill in U.S. history.
Florida has been approved for its share of a $150 million settlement from Transocean Deepwater, Inc.
The 2012 presidential campaign between President Obama and Mitt Romney will be book-ended by hurricanes.
Fraudsters Joseph Harvey and wife Anja Karin Kannell will be exchanging their waterfront McMansion for a tiny prison cell. Their Bentley will no longer be their mode of transportation. Prison-issued shoes will.
A 31-year-old Miami man is facing federal fraud charges after allegedly filing false claims for thousands of dollars with the BP oil spill fund.