Oil, Energy | featured news

Halliburton and BP knew weeks before the blast on a rig in the Gulf of Mexico that the cement mixture they planned to use to seal the well was unstable, a commission found.

BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling.

Energy companies in the Gulf of Mexico will have to permanently plug nearly 3,500 nonproducing wells and dismantle about 650 unused platforms, the Obama administration says.

Federal official calls for additional pressure tests before he will give the OK to finish drilling a relief well intended to help plug BP's runaway well for goodGulf Oil Gone?

The oil giant’s second-quarter income nearly doubled as oil prices and margins to process crude into fuel rebounded.

Spill from blowout is degrading rapidly in warm waters, becoming tougher to find, director says.

Tony Hawyard, BP's CEO who's quickly become the public face of the Gulf Oil spill, will be stepping down, according to reports in the British press.

BP is set to begin drilling off Libya amid safety concerns over the Gulf of Mexico spill and accusations over the Lockerbie bomber.

Engineers fighting the Gulf oil spill are confident that the cap over the well is strong enough that they may be able to plug it up soon.

BP said today its attempt to place a new cap on its ruptured undersea well was proceeding as planned. But while robots replace the old cap, crude is flowing freely.