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Atlantis 3 articles

Would an offshore drilling moratorium make a bad oil spill worse?

Many news reports have called President Obama’s six-month moratorium on deepwater offshore drilling an unwarranted knee-jerk reaction to BP’s catastrophic offshore explosion in the Gulf of Mexico. Opponents of the moratorium say that the ban would deal a devastating economic blow to Gulf Coast communities already besieged by oil. After two court rulings against Obama’s earlier ban on new offshore drilling, the President has issued a new moratorium that he hopes will stand up in court. The move has sparked further outrage in the oil industry and throughout those states that benefit directly from offshore drilling. Louisiana Democrat Nancy Landrieu, ... Read More

Failure to perform critical safety test, serious design = oil rig disaster

A leading oilfield services provider says that BP hired it to test the cement linings on the Deepwater Horizon’s drill column, but quit the testing and sent the crew home before its work was completed. Eleven hours later, natural gas blasted up the well and set off a series of giant explosions that sank what was supposed to be one of the most technologically advanced offshore rigs in the Gulf. Schlumberger Ltd., the testing firm, says that its crew and equipment were on standby to perform tests from April 18 to April 20. Some tests were successfully completed, yet BP ... Read More

Senators seek criminal investigation of BP, insiders come forward

BP and Transocean have begun the legal maneuvering that they hope will minimize their exposure to mounting lawsuits and limit their liability for the uncapped oil leak that continues to release thousands of barrels of oil into the Gulf of Mexico every day. But there are some promising signs that those who created the spill are finding few rocks to hind under. Yesterday, eight Senate Democrats asked the Obama administration to launch a criminal investigation into BP for allegedly making false and misleading statements to federal regulators about its ability to stop potentially devastating oil spills in the Gulf of ... Read More