In June 2000, the oil giant issued a "notice of default" to Transocean, the operator of the rig that blew up last month. The dispute was over problems with a blowout preventer, a set of iron slabs that should close out-of-control wells. It failed on the Gulf of Mexico rig, triggering the explosion and oil spill.
BP's past problems with the preventer emerged as a giant oil slick, fed by the uncapped well, began lapping the coast of Louisiana, threatening to create America's worst environmental disaster since the Exxon Valdez oil spill in 1989.
The small town of Carrboro, North Carolina is suing one of the country's largest electric utilities,...
Exxon Mobil Chair and CEO Darren Woods urged the incoming Trump administration to avoid making turbulent...
Donald Trump said on Saturday that Chris Wright, an oil and gas industry executive and a...
