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Add Yahoo as a preferred source to see more of our stories on Google. Cleanup workers try to scoop up all the toxic globs on Pensacola Beach from the 2010 BP Deepwater Horizon spill. Now BP is back ...

As the BP disaster made clear, drilling in deep water presents difficulties and dangers. Last month a Chevron well in the deep waters off of Brazil ruptured and spilled 2,400 barrels of oil into the ...

Willie Sutton robbed banks because that's where the money is. And oil companies venture into deep waters for exploration because that's where the oil is. That's why -- even though President Obama has ...

WASHINGTON — The Obama administration Tuesday lifted a moratorium it imposed on deep-water offshore oil drilling in July during the BP oil spill in the Gulf of Mexico, saying that new rules should ...

Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

The federal government on Monday told Noble Energy Inc. it could resume a deep-water drilling project halted last year by the Obama administration's moratorium — the first work of its kind to be ...

WASHINGTON - Thirteen companies whose deep-water drilling activities were suspended last year may be able to resume drilling without detailed environmental reviews, the Obama administration said ...

WASHINGTON -- A federal judge on Tuesday struck down the Obama administration's ban on deep-water drilling and rebuked the government for "arbitrarily" imposing a moratorium that would cause ...

WASHINGTON (Reuters) - President Barack Obama is expected to announce on Thursday that he will continue to hold off issuing deep water drilling permits off the Gulf of Mexico, but allow permits to be ...

WASHINGTON - Under pressure from Gulf Coast lawmakers warning of job losses, the Obama administration Tuesday lifted the moratorium on deep-water drilling for oil and gas in the Gulf of Mexico weeks ...

WASHINGTON (Reuters) - U.S. President Barack Obama is expected to announce on Thursday that he will continue to hold off issuing deep water drilling permits off the Gulf of Mexico, but allow permits ...