In June 2000, the oil giant issued a "notice of default" to Transocean, the operator of the rig that blew up last month. The dispute was over problems with a blowout preventer, a set of iron slabs that should close out-of-control wells. It failed on the Gulf of Mexico rig, triggering the explosion and oil spill.
BP's past problems with the preventer emerged as a giant oil slick, fed by the uncapped well, began lapping the coast of Louisiana, threatening to create America's worst environmental disaster since the Exxon Valdez oil spill in 1989.
Two fossil-fuel billionaires with close ties to Donald Trump bought millions of shares in the company...
The Trump administration on Thursday announced new oil and gas drilling off California’s and Florida’s coasts,...
International Atomic Energy Agency (IAEA) Director General Rafael Grossi said on Friday that an IAEA team...
There are now three remaining deceased hostages in Gaza, following Thursday's return of the body of...
