Flaws in safety equipment and procedures used on Gulf of Mexico rigs persist four years after 11 workers died in an explosion aboard the Deepwater Horizon that led to the largest offshore oil spill in U.S. history.
A blast and fire which killed four at Tesoro Corp.'s Anacortes, Washington, refinery today is likely the most fatal accident to strike a U.S. refinery since a 2005 explosion killed 15 people at BP Plc's plant in Texas City, Texas.
Stocks rose, with the MSCI World Index extending its longest advance in 11 months, as a late-day rally in technology shares helped the U.S. market reverse an early drop. The euro gained as a Spanish bond sale eased concern the region’s debt crisis will worsen. Gold rallied.
The lead negotiator for the United Steelworkers said the union representing employees at 69 U.S. oil refineries is prepared to strike if companies don’t agree to stricter safety procedures at plants and pipelines.
BP Plc remains at risk for billions of dollars in fines and legal costs even after a U.S. commission said safety wasn’t sacrificed for profit in the weeks and days leading up to the worst U.S. offshore oil spill.
The U.S. Coast Guard seized a section of pipe from BP Plc’s leaking well in the Gulf of Mexico as part of a federal investigation into the catastrophe that killed 11 rig workers and triggered the worst oil spill in U.S. history.