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DEEPWATER HORIZON
- US sues BP and others over Gulf oil spill
The US alleged violations of federal safety and operational regulations which caused or contributed to the oil spill that began on Apr 20 a...
- BP announces sale of Mexican Gulf assets to Japanese group
The cash deal comes as BP looks to sell up to $30 billion of assets by the end of 2011 to help meet its financial obligations from the Gulf...
- Key evidence in US oil probe raised from the depths
Workers have retrieved the failed blowout preventer from BP's Macondo oil well, giving US investigators a key piece of evidence
- BP partner refuses to pay $1.2-bn oil spill bill
BP partner Anadarko has been billed $1.2 billion to clean up the Gulf of Mexico oil spill, but will refuse to pay.
- Gulf of Mexico oil spill may claim 17,000 jobs this year
The devastating oil spill in the Gulf of Mexico is likely to cause a whopping 17,000 job losses in the nearby coastal states, impacting emp...
- BP raises oil leak bill to 3.95 billion dollars
British energy giant BP on Monday raised the cost of its response to the disastrous Gulf of Mexico oil spill to 3.95 billion dollars (3.05 ...
- US criminal probe into oil spill ongoing: US official
The US Justice Department is still investigating the causes of the Gulf of Mexico oil spill to determine whether to bring criminal charges,...
- NY state pension to sue BP for loss
New York state's pension fund plans to sue BP to recover losses from the drop in the company's stock price due to its "disastrous" oil spil...
BP rig worker saw leak on safety equipment: ReportA man said he saw a leak on safety equipment weeks before the blast that led to the worst oil spill in US history.
BP head says exact size of Gulf oil leak unknownBP's Chairman said that the exact size of the oil leak is unknown.
BP chief Svanberg summoned to meet ObamaBP Plc chairman Carl-Henric Svanberg is being summoned to Washington for a meeting with US president Barack Obama.
- IEA sees stronger global oil demand
The International Energy Agency said Thursday it has raised its forecasts for global oil demand for 2010, citing stronger than expected eco...
Fitch cuts BP rating, puts on negative watch amid oil spillFitch placed BP on negative watch, citing risks arising from oil disaster.
- BP says retrieving 2,000 oil barrels a day from Gulf leak
British energy group BP on Tuesday said it was retrieving 2,000 barrels of oil a day from a leak in the US Gulf of Mexico - double the amou...
No end in sight to spill as BP costs mountFailed containment efforts and an unfavorable weather could prolong the three-week-old crisis.
US lawmakers to grill BP exec, others, over oil spillTop execs from firms tied to the massive Gulf of Mexico oil spill will face a grilling next week by US lawmakers.
- Oil rig blast may cost insurers up to $ 3.5 billion
Insured losses from from the Deepwater Horizon oil rig explosion in the Gulf of Mexico may reach up to $ 3.5 billion.