BP's failure to learn from past "near misses" and its "insufficient consideration of risk" were major factors in the oil well blowout.

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...

Workers have retrieved the failed blowout preventer from BP's Macondo oil well, giving US investigators a key piece of evidence

BP partner Anadarko has been billed $1.2 billion to clean up the Gulf of Mexico oil spill, but will refuse to pay.

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...

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 ...

The cost of helping the US Gulf Coast rebound from the ruinous Gulf of Mexico oil spill could run into the trillions of dollars, a US lawma...

A man said he saw a leak on safety equipment weeks before the blast that led to the worst oil spill in US history.

The oil wasted due to the Deepwater Horizon spill, could have fuelled all of the 100,000-120,000 cars for a year in any one of these cities...

BP's Chairman said that the exact size of the oil leak is unknown.

BP Plc chairman Carl-Henric Svanberg is being summoned to Washington for a meeting with US president Barack Obama.

Carl Henric Svanberg has been summoned to a meeting with President Barack Obama to answer questions related to the Gulf of Mexico oil spill.

The International Energy Agency said Thursday it has raised its forecasts for global oil demand for 2010, citing stronger than expected eco...

Engineers hoped on Monday to make more headway in their bid to contain a massive oil spill in the Gulf of Mexico after energy giant BP anno...

Fitch placed BP on negative watch, citing risks arising from oil disaster.

The oil spill in the Gulf of Mexico is probably "the biggest environmental disaster" that the United States has ever experienced.

Top execs from firms tied to the massive Gulf of Mexico oil spill will face a grilling next week by US lawmakers.