Tony Hayward, former CEO of BP (BP) said the company was unprepared for the Gulf oil spill and the media attention that went with it. In an interview with BBC News to be broadcast today, Hayward said BP’s emergency planning was lacking, and the company…
The lead investigator for the presidential panel’s investigation of April’s Deepwater Horizon oil-spill disaster that killed 11 workers refuted previous reports that the rig’s majority owner BP Plc and contractor Halliburton Co…
Seven companies involved in the oil and gas industries will pay the U.S. government a total of $236.5 million to settle corruption charges. An investigation by the SEC and the Justice Department alleges that the companies bribe…
Oil services firm Halliburton (HAL) has responded to claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable.
Federal investigators sent a letter Thursday indicating tha…
A federal commission investigating the BP Deepwater Horizon oil spill disaster, issued a scathing report today, saying BP and its cement contractor Halliburton knew that test results for the cement to be used as a plug for the…