Deepwater Horizon — an ultra-deepwater drilling platform that BP leased from ... fire that sank the rig and claimed 11 lives. Since then, substantial quantities of oil and gas have leaked ...
But they can reduce that tax bill by deducting the cost of shutting down old oil rigs, or offsetting future investments and losses from earlier years. In some years, BP and Shell have paid no tax ...
The Etap development is currently one of the largest in the North Sea BP has said it was "regrettable" there was no water to tackle a fire that led to the evacuation of a North Sea rig.
This time around, the drillship is called the Deepwater Atlas. Before you raise your eyebrows at the reunion, BP had little choice; Transocean was the only company with an available drillship capable ...
A number of company executives reportedly flew out to the rig to take part in ... in the huge Ixtoc blowout, the oil disaster that most closely parallels the BP spill. Now, in their transplanted ...
BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.