As one of the largest corporations in the world, BP has always had a healthy presence here, but its involvement with politicians mostly came to a screeching halt after the Deep Water Horizon exploded and oil began gushing. Whether it was due to politicians refusing to take the money (which actually did happen) or BP trying to keep a low profile, the British oil money did stop flowing into Washington -- faster, in fact, than the actual oil stopped flowing into the Gulf.
Keeping up global oil production means tapping deep water reserves -- even as the Deepwater Horizon disaster taught the world how dangerous this can be. This is especially true in Brazil, where offshore basins contain the vast major... Read Post
By Adriana Barrera and David Alire Garcia MEXICO CITY (Reuters) - Royal Dutch Shell, one of the world's largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major... Read Post
While the Oil Gushes by Tina Dupuy The term “deep water” usually means you’re in trouble and “horizon” is what lies ahead. So the ill-fated drilling rig Deepwater Horizon is aptly named. Doom has arrived on our shores and our prospe... Read Post