Report expected on BP Gulf oil spill

A key report into what caused the worst offshore oil spill in U.S. History is being readied for release as early as today.

An investigative team of the U.S. Coast Guard and the agency that regulates offshore drilling held a series of hearings following last year’s Deepwater Horizon tragedy.

There is speculation the federal report will declare British Petroleum made critical mistakes on the oil well and failed to tell their partners and the government when the company realized it.

Other investigations have faulted misreadings of information, the failure of the blowout preventer to stop the flow of oil, and other shortcomings by executives, engineers and rig crew members.