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Transocean

A crane stands along a Gulf of Mexico coast beach at dawn. (credit: Mario Tama/Getty Images)

Transocean’s Oil Spill Deal Will Help Gulf

A settlement between the Justice Department and Transocean will pump dollars into projects designed to help the Gulf Coast recover from the nation’s largest offshore oil spill.

01/04/2013

BP Petrol Station Logo

People Close To Case: Gulf Oil Spill Trial Delayed

A federal trial over the nation’s worst offshore oil disaster has been delayed for a week to allow more time for settlement talks, according to two people close to the case.

02/26/2012

BP Petrol Station Logo

BP Faces Billions In Fines As Spill Trial Nears

On the cusp of trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside law offices, war rooms and hotel suites in New Orleans and Washington, they are trying to put a number on what BP and its partners in the doomed Macondo well project should pay to make up for the worst offshore spill in U.S. history.

02/26/2012