2015 Event British Petroleum (BP) reaches a settlement with U.S. federal, state and local government entities regarding damages from its Deepwater Horizon rig explosion five years ago; BP will pay USD $18 billion through the year 2030 2013 Event Hercules 264, a Gulf of Mexico natural gas drilling rig, partially collapses off the coast of Louisiana; the rig remains standing but sustained extensive damage to the derrick package as a result of a continuing fire 2010 Event BP CEO Tony Hayward testifies before the U.S. about the Gulf of Mexico oil disaster at the Deepwater Horizon rig that has caused the worst oil spill in U.S. history 2010 Event The Deepwater Horizon drilling rig that exploded off the coast of Louisiana two days ago, sinks; the wreck is leading crude oil and diesel at an alarming rate 2010 Event BP's Deepwater Horizon offshore oil rig exploded in the Gulf of Mexico 1979 Event Ixtoc I rig in Gulf of Mexico blows; 3 million bbl of oil spilled, world's worst oil spillage 1955 Event 1st seagoing oil drill rig placed in service
