NYC sues to recover lost pension funds from BP
New York City filed a federal lawsuit against BP PLC on Friday in an effort to recover pension funds lost following the oil giant's 2010 Deepwater Horizon spill.
The case accuses BP of making fraudulent claims both before the Gulf of Mexico spill and immediately after, including the amount of oil spewing from the Macondo well and how much it would cost to clean up.
Anadarko sees stars aligning in Gulf's ultra-deep waters
HOUSTON -- Anadarko Petroleum Corp. announced last week that it has made a promising discovery in a new offshore drilling frontier in the ultra-deep water of the Gulf of Mexico.
Calling this new find "the third significant deepwater success this year," Bob Daniels, a senior vice president for deepwater exploration, said his firm thus far is seeing strong signs that 2013 will turn out to be a stellar year for its Gulf of Mexico exploration program.
Judge orders Transocean to comply with federal subpoenas
A federal judge yesterday ordered Transocean Ltd. to turn over documents relating to the Deepwater Horizon oil spill to federal investigators.
Houston-based U.S. District Judge Lee Rosenthal ruled that Transocean must comply with subpoenas issued by the U.S Chemical Safety Board relating to the April 2010 spill in the Gulf of Mexico.