BP Doesn’t Want to Pay Full Price for Oil Spill Damages

You may remember, back when the oil was still gushing into the Gulf of Mexico in June, that then BP-CEO Tony Hayward apologized for the oil spill and promised that the company would “make this right.” Actually, you don’t have to remember—they made a TV ad about it: Wait, sorry, wrong one. Try this: Yet [...]

Oil Spill: After the Commission Report, Letting the Drillers Have Their Say

It won’t surprise readers of this blog that I agree with the BP Oil Spill Commission that there are serious safety problems with offshore drilling that need to be tackled to prevent another Deepwater Horizon. But the oil industry doesn’t quite see it that way. From the American Petroleum Institute’s (API) response to the commission’s [...]

Spill Report: Will the BP Disaster Reduce the Risk of Deepwater Drilling?

My time.com piece on the Gulf oil spill report—and the impact it will have on the deepwater drilling industry—is up on the main page. Check it out here.

Oil Spill: Presidential Commission Recommends Safety-First Approach to Drilling

The National Commission of the BP Deepwater Horizon Oil Spill and Offshore Drilling released its final report this morning. (I know—you were watching the Verizon iPhone launch.) We’ll have a story up soon on the mainpage about the report and the impact it may have on the offshore drilling industry—I’m guessing not that much—I wanted [...]

Oil Spill: Commission Finds That Companies Knew of Cement Flaws in the Macondo Well [UPDATE]

[Update 10/29/10: Halliburton has responded to the commission's report—and unsurprisingly, the company deflects the blame and places the responsibility back on BP's shoulders. Halliburton questioned the commission's tests, arguing that the panel's investigators used a different cement mixture than the one that eventually went into the Macondo well. Halliburton also says that the a sample [...]