Tag: transocean

A recent report by OpenSecrets shows that several high-profile lawmakers (including GOP Reps. Vern Buchanan and Connie Mack of Florida) dumped their stock in BP and Transocean following last year’s massive Gulf of Mexico oil spill. Both Republicans and Democrats gave up significant portions of their holdings in the companies, according to the analysis by the Center for Responsive Politics.

The Deepwater Horizon Joint Investigation Team (JIT), comprised of representatives from the Coast Guard and the Bureau of Ocean Energy Management, Regulation and Enforcement, Friday released Volume I (PDF) of its exhaustively titled “Report of Investigation into the Circumstances Surrounding the Explosion, Fire, Sinking and Loss of Eleven Crew Members Aboard the Mobile Offshore Drilling Unit Deepwater Horizon in the Gulf of Mexico, April 20 – 22, 2010.”

The U.S. Department of the Interior has responded to reports from over the weekend that BP is set to resume drilling in the Gulf of Mexico and that Transocean, the contractor responsible for BP’s Deepwater Horizon oil rig, awarded bonuses to its top executives, in part as a reward for “the best year in safety performance in our company’s history.”

In the September issue of Esquire, Tom Junod has delivered a profile of the 11 men killed in the Transocean oil rig explosion and...

Big Oil pays little taxes. This according to a weekend New York Times report that dredged up a 2005 analysis by the Congressional Budget...

Colorado Republican U.S. Rep. Doug Lamborn and a bipartisan delegation of 40 introduced legislation yesterday that would lift the moratorium on deep-water oil drilling...

The Florida Independent posts a great quick and dirty round up of today's Gulf oil catastrophe news. Florida is calling for a "claims process...

In case you missed the latest from the Gulf, from which no good news comes these days, Florida Sen. Ben Nelson told MSNBC that...

Democratic Louisiana Congressman Charlie Melancon choked up Thursday while speaking at a subcommittee meeting about the Gulf oil catastrophe. He looks and sounds like...

This is what it looks like right now 5,000 feet down as champion oil-leak-stopper Pat Campbell attempts to plug the Deepwater Horizon gusher that...