Despite the desperate need for companies harmed by the Deepwater Horizon explosion and resulting oil spill to receive remuneration, the financial fight over which companies will pay for the Gulf Spill mess lingers. Cleaning up the spill, the largest in United States history, is expected to cost about $42 billion, and the finger pointing is [...]

The National Academy of Engineering released its independent report earlier this week about what possibly caused the Deepwater Horizon rig explosion and led to the resulting oil spill. Though the report offers little new insight, it repeats key findings presented in previous newspaper reports and other investigations about key human errors that led to the [...]

In his first interview since resigning in July, former BP CEO Tony Hayward admitted that the British oil giant’s contingency plans to deal with the gulf oil spill were inadequate. Not only were the plans inadequate, but Hayward also states that he and BP were completely unprepared for the intense media scrutiny. “BP’s contingency plans [...]