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BP to pay $4.5 billion over Gulf oil spill

BP Oil Spills

BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday.

 

U.S. gets set to sanction BP, contractors for spill

U.S. gets set to sanction BP, contractors for spill

The U.S. offshore drilling regulator could issue sanctions as early as next week against BP and the major contractors involved in last year's Gulf oil spill, an agency official said on Thursday.

 

AP: Fed report blames poor management, missteps by BP and others for Gulf oil spill

The federal government's final report on the Gulf oil spill blames poor management, key missteps and a faulty cement job by BP and others for ...

 

Oil companies investigate report of sheen in Gulf

A new oil sheen was spotted in the Gulf of Mexico, although energy company BP said Thursday the discovery had nothing to do with its operations and was far from the site of its disaster-hit Macondo well.

 

BP sues rig owner for $40B; blames it for disaster

BP sues rig owner for $40B; blames it for disaster

BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

 

Gulf gets taste of recovery one year after spill

Gulf gets taste of recovery one year after spill

A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials on Wednesday declared the hard-hit region reborn.

 

BP buys Gulf Coast millions in gear

In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear - much of which had little to do with the cleanup, an Associated Press investigation shows....

 

Report: Gulf oil disaster 'preventable'

Several "preventable human and engineering failures were the immediate causes" of the BP Deepwater Horizon disaster last year, a presidentially appointed commission said in its much-awaited report Tuesday.

 

BP shares hit 6-month high after Shell bid report

BP shares hit 6-month high after Shell bid report

Shares in oil major BP hit a six-month high on Tuesday after The Daily Mail newspaper reported rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.

 

Cleanup of oil-tainted Gulf Coast nears end

Dig 2 feet into the sand on this wind-swept beach and up comes the foul smell of oil.

 

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