Timeline of the Deepwater Horizon oil spill Timeline of the Deepwater Horizon oil spill The following is a timeline of the "Deepwater Horizon" oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout). It was a massive oil spill in the Gulf of Mexico, the largest offshore spill in U.S. history. It was a result of the well blowout that began with the "Deepwater Horizon" drilling rig explosion on April 20, 2010. BP reports a leak a day. DeepWaterHorizonResponse.com domain registered for one year by PIER Systems in Bellingham, Washington to be used by the United States
Deepwater Horizon oil spill pension fund managers (who have large holdings of BP shares and rely upon its dividends) accepted that while BP had to pay compensation for the spill and the environmental damage, they argued that the cost to the company's market value from President Obama's criticism was far outweighing the direct clean-up costs. Initially, BP downplayed the incident; its CEO Tony Hayward called the amount of oil and dispersant "relatively tiny" in comparison with the "very big ocean." Later, he drew an outpouring of criticism when he said that the spill was a disruption to Gulf Coast residents and himself adding, "You