Oil Spill

The explosion on BP's Deepwater Horizon drilling platform in Macondo early this year was no less than a cut on the oil industry's artery, out of which gushed millions of barrels of oil into the Gulf of Mexico - a tragedy that devastated the Gulf Coast ecosystem, paralyzed an oil behemoth and thwarted the Big Oil's prospects by attracting a moratorium on deepwater drilling and a crippling regulatory environment.

The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.

Google has released its year-end search report - Zeitgeist 2010. Among the personalities and events that figure on search trends list are Justin Beiber, Lady Gaga, Kim Kardashian, Oil Spill, World Cup, Haiti Earthquake and more.

A U.K. industry taskforce has called on the British government to act now to protect the economy against a potential new threat of rising oil prices.

Visits to the state of Florida rose in the third quarter of 2010 despite the Deepwater Horizon oil spill.

Commercial and recreational fishing may resume as close as 10 miles from the wellhead of the former Deepwater Horizon oil rig, federal officials said on Monday.

The lowest dissolved oxygen measured in the Gulf of Mexico areas was 3.5 parts per million, which is above hypoxic levels, the report said.