In 2010, President Obama appointed Mr. Reilly Co-Chair of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
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That is why, on Friday, I signed an executive order establishing the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
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At the end of June, President Obama announced that Richard Lazarus would serve as executive director of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
The letter from Fred Bartlit Jr. to the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling said that tests in February on a cement slurry similar to what was used on the Macondo well showed instability -- and that both companies had the data.
This was ultimately uncovered in the disastrous Deepwater Horizon oil spill, and BP was unmasked as reckless in its pursuit of oil and safety standards.
The Department of Justice has filed a scathing brief accusing BP of gross negligence in the Deepwater Horizon explosion and subsequent 2010 Gulf of Mexico oil spill.
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In its filing, the U.S. Government made clear that it does not oppose the settlement reached by BP and the PSC resolving economic loss and property damage claims stemming from the Deepwater Horizon oil spill.
FORBES: Justice Dept Hammers BP For Gross Negligence In Gulf Oil Spill
Washington (CNN) -- A former BP engineer has been charged with destroying 200-plus text messages about the Deepwater Horizon oil spill, including one concluding that the undersea gusher was far worse than reported at the time.
The extend to which BP had worked to establish a positive reputation likely made the reaction to the Deepwater Horizon explosion and oil spill even harsher.
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U.S. prosecutors are preparing what would be the first criminal charges against BP employees stemming from the 2010 Deepwater Horizon accident, which killed 11 workers and caused the worst offshore oil spill in U.S. history.
While BP is on the receiving end of a deluge of bad press in the wake of the Deepwater Horizon oil spill, and with so much risk built into Europe right now, fellow U.S. supermajors whose valuations and yields have improved may be better plays right now.
With the Deepwater Horizon oil spill now moving into its second month and no immediate end in sight, BP is ( see WSJ story today) attempting to throw Transocean under the bus as responsible for the disaster.
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