Oil | featured news

The cap on the damaged BP oil well at the bottom of the Gulf of Mexico is now keeping up to 462,000 gallons of oil a day from leaking into the ...

BP reported some oil was flowing up a pipe Friday from a cap it wrestled onto its broken Gulf of Mexico well but crude still spewed and it was ...

Oil threatens to obliterate billions of dollars for the region's fishing and tourism industries.

April 20, 2010 - Explosion and fire on Transocean Ltd's drilling rig Deepwater Horizon licensed to BP; 11 workers are killed. The rig was drilling in BP's Macondo project 42 miles southeast of Venice, Louisiana, beneath about 5000 feet of water and ...

Robot submarines carried equipment and cut small pipes at the bottom of the Gulf of Mexico on Monday to prepare to place a new containment valve over the blown-out well this week, while BP crews began working on yet another containment plan that could be added after the cut-and-cap effort.

BP's attempt to plug the Gulf oil leak with mud and cement has failed, yet another setback in the company's attempt to stop the crude from further fouling waters, wildlife and marshland.

Elizabeth Birnbaum, director of the embattled U.S. Minerals Management Service, which oversees offshore drilling, has been fired, Fox News has confirmed.

President Barack Obama will announce on Thursday that a moratorium on deepwater oil drilling will continue for six months while a commission studies the reasons for the Gulf of Mexico spill, a White House aide said.

Engineers prepare 50,000 pounds of mud and a fleet of robotic subs in first maneuver to outright stop the flow of leaking oil a mile below surface.

Federal regulators responsible for oversight of drilling in the Gulf of Mexico allowed industry officials several years ago to fill in their own inspection reports in pencil -- and then turned them over to the regulators, who traced over them in pen before submitting the reports to the agency, according to an inspector general's report to be released this week.