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Source: IPS A surprisingly small number of scientists have studied the impacts of the oil spill resulting from the 1979 blowout at the Ixtoc I oil rig in the Gulf of Mexico. Wes Tunnell, who first studied the spill’s effects in July and August of 1980 and has returned many times since, is one of the few exceptions. […]

LONDON: British oil giant BP said yesterday that the devastating Gulf of Mexico oil spill disaster has cost about US$8 billion (US$1 = RM3.12) so far. "The cost of the response to date amounts to approximately eight billion, including the cost of the spill response, containment, relief well drilling, static kill and cementing, grants to the Gulf states, […]

Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water. The Mariner Energy-owned platform that erupted in flames Thursday was just 200 miles west of the spill site, but everything from the structures to the operations to the safety devices were different. Ye […]

BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. […]

Unlike the blast that led to the massive BP spill, the latest oil platform fire in the Gulf of Mexico killed no one and sent no crude gushing into the water. […]

British oil giant BP revealed Friday that the devastating Gulf of Mexico oil spill disaster has cost it eight billion dollars (6.2 billions euros) so far -- with a sharp rise in payments in the last month. […]

The BP oil spill that spewed millions of barrels of oil in the Gulf of Mexico is unlikely to deter travel to Florida and Louisiana for the rest of the year, a new poll showed. […]

BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was two weeks away from sealing the well for good. […]

BP says the lessons learned from the massive Macondo oil spill in the Gulf of Mexico means the industry is better prepared should there be another comparable disaster. View full sizeRusty Costanza, The Times-PicayuneBeach sweepers on Grand Isle, July 10.... […]

An oil and gas platform in the Gulf of Mexico exploded on Thursday, setting off a blaze and a small oil spill, but the accident does not appear to be as serious as BP's deadly rig explosion and oil spill in April. […]