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Gulf Oil Spill Report Spreading Blame

A new federal report in the US is spreading the blame for the Deepwater Horizon spill in the Gulf of Mexico. Not surprisingly, British Petroleum has been found ultimately responsible for the disaster. They were found to have sacrificed safety to save time and money. Meanwhile Haliburton and Transocean have received their share of criticism for poor cement work and failing to heed proper worker safety codes.

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BP Makes Quarterly Profit

British Petroleum has just released its quarterly numbers, and despite last year’s oil disaster the company is back in the black, BIG TIME! BP made $5.3 billion in profit over the last three months, ending June 30th. But due to higher oil prices and lower production, that figure was actually LOWER than expected.

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US Government Sues BP

The US Justice Department has become the latest entity to sue British Petroleum over the Gulf oil spill. They’re accusing BP and other companies of ignoring safety regulations when drilling the well that caused the Deepwater Horizon oilrig explosion. The federal suit names BP, rig owner Transocean, and other companies involved in the disaster.

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