CNN's Richard Quest talks to BP CEO Bob Dudley about BP profits, pointing to a turnaround from the Gulf oil spill.
In April of last year the Deepwater Horizon semi-submersible Mobile Offshore Drilling Unit exploded in the Gulf of Mexico, killing 11 men, injuring 17 others and triggering what is generally recognized as one of the greatest human errors ever made and officially the largest unforeseen marine oil catastrophe since people started drilling for oil. By the time the leak was capped in July 2010, enough oil to fill 4.9 million barrels covered the Gulf in a toxic slick.
Motherboard.tv meets the inventor of a robotic sailboat designed to aid in cleaning up oil spills.
One of the seven missing oil workers found alive in the Gulf of Mexico over the weekend has died, Geokinetics, a Texas-based geophysical service company, said on Monday.
Seven of the 10 oil workers who went missing in the Gulf of Mexico last week were found alive Sunday, said Mexico's state-owned oil company, Pemex.
Tropical Storm Don has developed over the southern Gulf of Mexico with maximum sustained winds of 40 mph, the National Hurricane Center said Wednesday.
ExxonMobil announced on Wednesday that it struck oil in the Gulf of Mexico, a discovery that could yield 700 million barrels.
Members of the U.S. Coast Guard were searching Thursday for three people who were reported missing after two boats collided in the Gulf of Mexico.
Rep. Martha Roby discusses the importance of increasing U.S. energy production to lower gas price and increase security.
One year after the chocolaty crude started spewing out of the bottom of the Gulf of Mexico, leading to the largest accidental oil spill in history, scientists say they're still trying to piece together what's happening to the environment.
Dead baby bottlenose dolphins are continuing to wash up in record numbers on the shores of the Gulf of Mexico, and scientists do not know why.
Baby bottlenose dolphins are washing up dead in record numbers on the shores of Alabama and Mississippi, alarming scientists and a federal agency charged with monitoring the health of the Gulf of Mexico.
The final report on the Deepwater Horizon disaster concludes it "was foreseeable and preventable."
Four weeks after the catastrophic blowout that killed 11 workers and gushed millions of barrels of toxic crude oil into the Gulf of Mexico last spring, President Obama set up an independent commission to determine what went wrong and what we must do to make sure nothing like this ever happens again.
Despite the current slow going in the Gulf of Mexico, worldwide deepwater oil production is surging, driven by high prices, new technology, and dwindling prospects on land.
After last year's explosion in the Gulf of Mexico, oil rig workers are again thought to have the worst job in America.
The Obama administration formally reversed course on its plan to allow more U.S. oil drilling Wednesday, saying areas in the eastern Gulf of Mexico and off the Atlantic Coast will remain closed for at least seven years due to the BP oil spill.
The oil disaster in the Gulf of Mexico was the most searched term on Yahoo in 2010, the search engine said Wednesday.
Drilling activity in the Gulf of Mexico will remain light in the years ahead, despite the fact that the ban on drilling there has been lifted, according to a survey of oil executives released Tuesday.
President Obama lifted his moratorium on deepwater oil drilling nearly a month ago, but the government still hasn't issued any new permits in the Gulf of Mexico.
Months after rescuers found them struggling and covered in oil, 33 endangered and threatened young sea turtles are finally going home to the Gulf of Mexico.
Nearly six months after an explosion aboard an oil rig sent crude spewing from a BP-owned well deep below the Gulf of Mexico, cleanup work along the Gulf Coast is far from over.
A production platform has exploded 80 miles off the central coast of Louisiana, with 13 people overboard, including one injured, the Coast Guard said Thursday morning.
A federal judge on Wednesday denied a motion by the Obama administration to dismiss a lawsuit that aims to block a government-imposed moratorium on deepwater drilling in the Gulf of Mexico.
When researchers present what the media perceive as "big" findings -- as my colleagues and I did last week in reporting a plume of oil from the Deepwater Horizon oil well in the Gulf of Mexico -- it is incumbent on scientists and journalists to keep the results in perspective and refrain from veering into misleading waters.
CNN's John Roberts talks to Rep. Ed Markey about the amount of oil spilled in the Gulf of Mexico.
A new study finds oil spilled into the Gulf of Mexico from a ruptured BP well degraded at a rate that was "much faster than anticipated," thanks to the interaction of a newly-found and unclassified species of microbes with the oil particles.
When Ed Overton looks at the remains of what's happened to the Gulf of Mexico over the past few months, he sees a stale, unsolved crime scene.
I love animals and I love the outdoors. The Gulf of Mexico and the coastline that surrounds it is a special place to me and millions of other Americans.
The federal government announced Monday it is issuing a new order to suspend deepwater drilling in the Gulf of Mexico and off the coast of California until as late as November 30.
National Incident Commander Thad Allen explains BP's latest efforts to cap the oil gusher in the Gulf of Mexico.
Gulf state health and fisheries officials and leaders from several federal agencies will collaborate to set safety levels for seafood coming out of the Gulf of Mexico, Vice President Joe Biden said Tuesday.
Oil prices slipped Monday, falling from a 7-week high settlement price during the previous session, as concerns about the tropical storm in the Gulf of Mexico began to ease.
Oil prices spiked more than 3% Friday, as investors worried that storm in the Caribbean could intensify and enter into the Gulf of Mexico over the weekend and ultimately disturb oil production.
Our need for oil almost wiped out the sperm whale once, and now our insatiable hunger for it threatens them again.
Senate Democrats Thursday seized on the environmental disaster in the Gulf of Mexico as a reason to pass climate-change and energy legislation, but internal policy differences will not be easy to overcome and may also leave many disheartened.
Government scientists Tuesday increased the estimate of oil flowing into the Gulf of Mexico to between 35,000 and 60,000 barrels per day, up to 50 percent more than previously estimated. That translates into 1.5 million gallons to 2.5 million gallons per day.
CNN's Mary Snow researches some of the science behind the recent estimates of how much oil has spilled into the Gulf.
Health threats from the Gulf oil disaster could last for years, and officials lack knowledge on how long chemicals in the spilled oil and dispersants will remain toxic, health experts told a Senate committee Tuesday.
Some experts see it as a well-meaning flight of fancy. To others, cleaning a bird soaked with oil from the Gulf of Mexico is the only chance it has for survival.
Britain will step up its inspection of North Sea drilling rigs following the massive oil spill in the Gulf of Mexico, the government announced Tuesday.
Since I began exploring the ocean as a marine scientist 50 years ago, more has been learned about the ocean than during all preceding history.
As efforts to plug the ruptured well in the Gulf of Mexico continue to fall short, the stakes for the region's economy grow ever higher.
A team of oil spill experts were on standby in the United Arab Emirates, ready to help in the Gulf of Mexico cleanup efforts if called to do so, officials in the Middle Eastern country told CNN Sunday.
Here are the latest developments involving the BP oil spill in the Gulf of Mexico:
The numbers being batted around when it comes to how much the oil spill will ultimately cost BP and the local Gulf of Mexico economies are huge. $3 billion. $14 billion. One politician put it at over $100 billion.
What if carbon dioxide were as black as oil?
BULLETINupdated: Wed May 26 2010 07:24:00
BP's top official told CNN that the oil company will make a decision later Wednesday on whether to start its so-called top-kill procedure, an attempt to contain oil gushing into the Gulf of Mexico.
As oil creeps up the Gulf coast, HLN's Jane Velez-Mitchell discusses how a government agency may be responsible.
The days of man vs. nature are over. Today, with environmental catastrophes a daily occurrence, the interests of animals and humans dovetail as never before. It's not either them or us. We're both facing the same monstrous threat.
Congressional hearings into the massive oil spill growing in the Gulf of Mexico will start Tuesday, as winds continue to push the crude closer to the Mississippi Delta.
Hair salons across the country are donating hair clippings to help in soak up oil in Gulf of Mexico. WAVE reports.
In March 2008, BP and dozens of energy companies were behind a series of record-breaking bids for two sets of new oil and gas leases in the deep waters of the Gulf of Mexico.
As oil began approaching the coast of the United States, environmental scientists said the effects of the spill in the Gulf of Mexico could have ecological and biological consequences for years, if not decades.
Ben Stone knows quite a bit about disasters.
One Mississippi businessman fears the oil spill will kill his seafood business. CNN's Sarah Hoye reports.
While the search continued Friday for 11 missing workers from BP's sunken oil rig in the Gulf of Mexico, attention turned to fears of a major oil spill.
Weather and time have inflicted more damage to Fort Jefferson than hostile cannon fire ever did.
President Obama unveiled plans Wednesday to open large swaths of U.S. coastal waters in the Atlantic Ocean and the Gulf of Mexico to oil and natural gas drilling -- a move likely to please the energy industry but upset the administration's environmentalist supporters.
Did you know you can invest in the weather? It's true. You can actually make money speculating that the temperature in Sacramento, California, will be warmer than it normally is. If that's too dull for your portfolio, you can put money down on the inches of snowfall next winter in Boston, Massachusetts, or the strength of hurricanes in the Gulf of Mexico.
Gas prices fell for the first time in nine days after two powerful hurricanes entered the Gulf of Mexico and smashed through the heart of the nation's oil infrastructure, but questions lingered about when production would be restored.
Oil prices fell Tuesday, as investors believed OPEC will keep production at current levels, and as Hurricane Ike lost strength over Cuba.
Gas prices continue to rise in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship and residents flee their homes ahead of Hurricane Gustav.
Gas prices zoomed higher in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship ahead of Hurricane Gustav which became a category 4 storm on Saturday.
The Gulf of Mexico is home to 4,000 drilling platforms and 33,000 miles of pipeline, which send 1.3 million barrels a day to the Gulf Coast's 56 refineries. But a hurricane threatens to deal a powerful blow to the oil-rich region.
Oil prices ended lower Thursday, reversing an early spike, as traders sized up a potentially devastating blow to production from Tropical Storm Gustav and reacted to a decline in natural gas prices.
Oil prices ended the day higher on Wednesday as Tropical Storm Gustav approached the Gulf of Mexico.
Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar.
Energy companies placed $487.3 million in winning bids for the right to drill in the western Gulf of Mexico, knowing they may get a chance later to explore in other areas that have been off limits for decades
Fisherman Terry Pizani turns his captain's wheel with a mournful expression on his face. Far below, the fishing grounds off the Louisiana coast where the 63-year-old has made a living for five decades have become an aquatic graveyard known as a "dead zone."
Oil prices lost nearly $1 Monday, finishing at its lowest point in more than 3-1/2 months, as concerns about falling demand outweighed a weaker dollar.
President Bush intensified pressure on Congressional Democrats this weekend to end a 26-year-old offshore drilling moratorium, saying lawmakers have closed off "vast" oil reserves that could be tapped to lower record gasoline prices.
At least 18 oil workers were killed and seven more were missing after a portable drilling rig crashed into an oil platform during stormy seas in the Gulf of Mexico, the country's state-owned oil company said Wednesday.
Oil prices rose in Asian trade Wednesday, gaining back a small portion of losses the last three sessions that were driven by easing supply concerns.
Energy futures fell Monday after a tropical depression that moved through the Gulf of Mexico late last week turned out to be a dud.
Oil futures rose Monday as traders eyed potentially destructive storms that could hit the Gulf of Mexico region.
Small Business Report: Gas prices
Oil prices jumped Friday after the U.S. Federal Reserve cut a key interest rate to calm financial markets and on concerns Hurricane Dean could hit Gulf of Mexico installations.
Oil fell Monday after forecasts showed Hurricane Dean was unlikely to plough through production and refining centers in the Gulf of Mexico.
Oil prices fell sharply Thursday as credit and economic growth concerns pressured global stock markets, while oil traders assessed the storm threat to Gulf of Mexico oil operations after storm Erin was downgraded to a tropical depression.
Oil prices rose Wednesday as a tropical storm swirled in the Gulf of Mexico and the government reported that supplies of crude oil had fallen far more than expected.
Despite oil's record high last week, forget about crude going to $100 a barrel.
The following shares were among the most actively traded Monday:
Four government auditors who monitor leases for oil and gas on federal property charge the Interior Department suppressed their efforts to recover millions of dollars from companies they said cheated the government, according to a published report.
Ernesto was downgraded Monday and looks as though it's headed away from the most vulnerable part of the Gulf Coast. The price of oil pulled back almost $2 a barrel as a result.
U.S. stocks pulled back at the start of trading Friday as oil rose on concern about a possible storm in the Gulf of Mexico.
With oil prices hovering near record levels, you would think energy investors would be all smiles. But shareholders of oil and gas producer Apache, one of the stocks we recommended from our 100 Fas...
Oil rigs are leaving the Gulf of Mexico in record numbers, threatening to put upward pressure on U.S. oil and natural gas prices, according to a report published Wednesday.
The hurricanes of '05 have made clear how important offshore wells in the Gulf of Mexico are to oil production.
Getting off-shore oil and natural gas platforms back in service after two Gulf of Mexico hurricanes is proving difficult, according to a published report Friday.
Energy markets rallied Monday, with crude futures gaining more than $4 a barrel, as a tropical storm threatened to move into the Gulf of Mexico as a hurricane and OPEC leaders voiced resistance to increasing crude output.
Crude oil prices hit $68 a barrel, a fresh record high, in Asian electronic trade Thursday.
As the energy bill moves closer to becoming law, debate is still raging over the first overhaul of national energy policy in a decade.
Oil prices closed near the $55-a-barrel mark Wednesday as a fresh fall in U.S. heating oil stocks stoked worries over winter supplies.
Oil prices topped $51 on Tuesday to set another record as a long disruption in the Gulf of Mexico from Hurricane Ivan caused concern about winter heating fuel supplies and set off a round of speculative buying.
CNNMoney: It's the oil, stupidupdated: Tue Sep 14 2004 08:19:00
I can't help but think back to the recent roaring 1990s, when so many smart tech-stock pickers, and technology fund managers told us that energy prices didn't matter -- we had entered a new, information-driven economy that didn't depend on such old-fashioned fundamentals.
To appreciate America's energy predicament in the post-Sept. 11 world, you don't have to visit the oil fields of Texas and Alaska or journey to East-of-Suez OPEC strongholds like Kuwait and Saudi A...
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