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Transocean refuses to co-operate with oil spill probe

The owner of the rig that exploded in the Gulf of Mexico is refusing to honor subpoenas from a federal board that has challenged the company’s involvement in monitoring the testing of a key piece of equipment that failed to stop the oil spill disaster. Transocean said the U.S. Chemical…

Cost of cleaning up Gulf oil disaster rises to $8 billion

British oil giant BP has spent eight billion dollars to battle the Gulf of Mexico disaster, the company has revealed as its crews retrieved key evidence from the seabed. Robotic submarines recorded the delicate operation as engineers raised a failed blowout preventer from the ruptured well and began lifting it…

US mandates new safety rules for offshore drilling

US authorities Tuesday ordered offshore drilling rigs to implement new safety measures in the wake of the disastrous Gulf of Mexico oil spill. The new directive from the Interior Department allows shallow-water drilling — in depths of up to 500 feet (150 meters) — to continue if rigs are in…

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