LOCATION: In the Gulf of Mexico, 40 miles southeast of the coast of Louisiana.
BP: British Petroleum is the fourth largest company in the world and the largest in Great Britain.
TRANSOCEAN LTD.: Transocean is the world's largest offshore drilling company.
CAUSE & PROBLEM: The Deepwater Horizon offshore oil drilling platform was destroyed from an oil well blowout that caused an explosion on April 20, killing 11 people and injuring 17 others. The oil well connection was severed 1500 meters beneath the surface, and it is estimated that up to 100,000 barrels (4.2 million gallons) of crude oil are currently being leaked into the open waters of the Gulf of Mexico. The resulting environmental hazards to marine life is immeasurable.