Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

Obama promises return to normalcy during Gulf visit before addressing nation. A natural gas rig is seen at rear as President Obama, third from left, takes a ferry from Dauphin Island, Ala., to Fort ...

WASHINGTON (AP) - The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about ...

The BP oil rig explosion and collapse in the Gulf of Mexico last month is prompting a reassessment of U.S. policy on deep-water drilling. It's also inspiring calls for more regulation. Just as the ...

WASHINGTON, D.C. -- A key safety device known as the blowout preventer used in the BP oil rig in the Gulf had a hydraulic leak and other problems that likely prevented it from working as designed, ...

Reuters reports that Congressman Raul Grijalva is calling for BP to shut down another rig in the Gulf until it can be inspected: A group of U.S. lawmakers will recommend BP (BP.L) be ordered to idle ...

Eleven workers were missing after Tuesday's explosion on a Louisiana oil rig. April 23, 2010— -- The Coast Guard called off the search for 11 workers missing since an explosion on an oil rig off ...

The BP oil disaster holds a valuable lesson for investors. June 22, 2010 — -- Investors, take notice. The BP oil spill has taught us once again that no stock is immune from potential disaster. No ...

Halliburton will pay $1.1 billion for its part in the 2010 oil spill in the Gulf of Mexico. The Houston-based contracting company has been embroiled in multiple lawsuits, from BP and local residents, ...