Oil, Bp Plc | featured news

A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster. In November, BP said it would pay $4bn (£2.5bn) to the US Department of Justice and agreed to plea guilty to 14 criminal charges. The sum included a $1.26bn fine.

BP Plc will clean up an oil spill from one of its wells in the Gulf of Mexico and compensate those affected, its chief executive said, accepting that the disaster could hit plans to open new areas off the U.S. coast to drilling.

The husband of former GOP vice presidential candidate Sarah Palin has quit his oil field job on the North Slope. Todd Palin's resignation as a production operator for oil giant BP PLC comes almost two months after his wife stepped down as Alaska governor and shortly before the release of her highly anticipated memoir in a deal rumored to be worth millions....