US announces $20 billion settlement with BP over gulf oil spill

...Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.The deal, once approved by a judge, would resolve all civil claims against BP and end five years of legal fighting...

Spinning a spill

...recovered from its deluge of heavy metals. However, those same EPA experts said it would take "decades" for the Gulf of Mexico ? the ocean ? to recover from the 2010 BP oil spill.So who knows?It appears the single most important variable...

US eases crude oil export ban, allows trade with Mexico

...approved a bill championed by Murkowski that would lift the 40-year-old-ban - plus open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration. No Democrats on the committee voted for the bill. The environmental...

Katrina impact: About 60 percent of Gulf of Mexico's oil production still blocked

NEW ORLEANS - Over 120 Gulf of Mexico oil and gas platforms were still shut down Saturday...have been shut in, the agency said. Normally, the Gulf of Mexico produces 547.5 million barrels of oil and 3.65 trillion...

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Ivan's remnants return to Gulf of Mexico

...regenerated storm was expected to make landfall in the Gulf of Mexico on Thursday night. Ivan already has kicked seas up...Hurricane Center issued a tropical storm warning for the Gulf of Mexico shoreline from the mouth of the Mississippi River in...

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No SC hurricane landfalls expected

...hurricane to make landfall on the East Coast or in the Gulf of Mexico this year. The forecast Tuesday anticipates a "below...hurricane to hit the East Coast and another to strike in the Gulf of Mexico. The forecast expects nine to 11 tropical storms with...

Church is built to withstand hurricanes

...bedrock, the waterfront church just yards from the Gulf of Mexico is built to withstand a Category 5 hurricane with winds...remnants of Tropical Storm Karen were plowing through the Gulf of Mexico. Instead, he baptized a visitor in the Gulf after...

Julian Bond to be buried at sea

...Relatives of civil rights leader Julian Bond say they're honoring his wishes to be cremated and his ashes spread in the Gulf of Mexico.Family members say a burial at sea will occur at 2 p.m. CDT Saturday in the Gulf in a private ceremony.Bond...

Oil companies head to deeper Gulf waters

...companies are venturing deeper into the Gulf of Mexico as they explore for and produce...deepest producing platform in the Gulf of Mexico. Independence Hub, which began...undiscovered resources in the region. The Gulf of Mexico accounts for about 25 percent of...

Oil prices charge toward $50 a barrel

...Monday as petroleum output in the Gulf of Mexico returns at a slower-than-expected...according to government data, with Gulf of Mexico output still down nearly 500...that daily oil production in the Gulf of Mexico is 29 percent below normal at about...