Oil Spill, Bp Oil Spill | featured news

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

The first named storm of the Atlantic hurricane season was on track on Saturday to reach the Gulf of Mexico within days, a potential threat to containment and cleanup of the worst ever US oil spill.

The Coast Guard says BP has been forced to remove a cap that was containing some of the oil gushing into the gulf.

Robert Dudley, who will take charge of BP’s spill response, has plenty of experience dealing with a hostile government, unhappy partners and angry citizens.

The owner of the Deepwater Horizon rig, which is spewing oil into the Gulf of Mexico, on Tuesday criticized President Barack Obama's six-month ban on deepwater drilling.

A co-chairman of the commission that will study the oil spill said it would probably not lift the moratorium on deepwater drilling until next year.

A day after its chief executive's widely panned appearance before Congress, BP said Friday that it would replace Tony Hayward as head of its oil-spill cleanup effort.

A $20 billion fund set up by energy giant BP Plc to compensate financial losses due to a big oil spill in the Gulf of Mexico will pay legitimate claims fast, the fund's independent administrator said on Friday.

GOP lawmaker says he's "ashamed" of how firm has been treated, drawing immediate criticism. Under pressure from Republican leaders who threatened to remove him from a ranking committee position, Rep Joe Barton (R-Tex.) late Thursday retracted his apology to BP CEO Tony Hayward for the way his company has been treated by the US government -- a comment that had drawn heavy criticism from both parties.

In prepared testimony before a House panel that is expected to question him harshly Thursday, BP chief executive Tony Hayward says the oil spill disaster in the Gulf of Mexico "never should have happened" and has left him ...