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.
Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.
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.
Researchers at Florida State University made quite the unusual catch in the Gulf of Mexico recently.
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.
he U.S. Coast Guard is keeping a close eye on North Bay Village after two fuel lines collapsed and ruptured sending more than 200 gallons of gasoline into the Biscayne Bay.
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.