In the Gulf of Mexico, drilling has resumed near the site of the BP-operated offshore oil rig that exploded five years ago in the worst industrial environmental disaster in U.S. history. Harper’s Magazine revealed a Louisiana-based oil company (LLOG Exploration Offshore LLC) purchased the area from BP and is now drilling into the Macondo reservoir. […]
Liability stakes for high-risk industries are raised in wake of BP ruling
A US court ruling that dramatically ramped up BP Plc’s potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation. US District Judge Carl Barbier in New Orleans, Louisiana, on Thursday found BP guilty of […]