Gulf Of Mexico

Halliburton 'destroyed disaster evidence', says BP

BP is accusing Halliburton of destroying damaging evidence about the quality of its cement that went into the Deepwater Horizon well that exploded, killing 11 people and causing America's worst offshore oil spill.

Louisiana prepares for 20 inches of rain as Lee storms in

Heavy rains from Tropical Storm Lee were falling in southern Louisiana and pelting the US Gulf Coast yesterday as the storm's centre trudged slowly towards land, where businesses were already beginning to suffer on what would normally be a bustling holiday weekend. With floods from the storms of last weekend's Hurricane Irene still evident in New England, Lee could bring up to 20 inches of rain to some areas.

American to swim across the shark-infested Straits of Florida

Undeterred by the prospect of hungry sharks, hurricane-season storms, and the dysfunctional state of diplomatic relations between the US and Cuba, a 61-year-old woman was paddling through calm seas today as she attempted to become the first person to swim unaided across the Straits of Florida.

Disaster rig owners blame BP

The owner of the rig that exploded in the Gulf of Mexico last year has largely blamed oil giant BP for the disaster.

New species list features bugs that feed on 'Titanic'

A fish with arm-like fins; a two-inch leech with oversized jaws found living in a man's nose and a type of rust-eating microbe making a slow meal of the wreck of the Titanic are among the "top 10 new species" discovered in 2010, scientists announced yesterday.

Deepwater Horizon: This was no Armageddon

When BP's Deepwater Horizon exploded last April, the world feared the worst. But it has not come to pass, says David Usborne, and what's more, money is proving a more corrosive force than the oil

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Bosses fear 'oil crunch' within a decade

Delays to deep water oil production in the wake of the devastating Gulf of Mexico spill could reduce global capacity by one million barrels of oil per day, inflating fuel prices and hitting the economy, British company bosses will warn today.

Treasury cheer as dividends rise for first time in a year

Dividends are growing for the first time in more than a year, Capita Registrars will reveal today. The 1.6 per cent rise in the third quarter of 2010 follows five consecutive quarters of decline, the firm's dividend monitor has found.