Gulf Of Mexico, Bp | featured news

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.

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 ...

BP is to place $20bn in an independent fund to pay out compensation to victims of the Gulf oil spill, US media report.

Executives from other major oil companies turned on BP Plc and defended their own drilling practices during a congressional hearing on Tuesday as they sought to stave off new government regulations in the wake of BP's oil spill in the Gulf of Mexico.

The  cost of cleaning the Gulf oil spill and compensating its victims won’t be known for years.

"According to serious studies, the middle-term survival rate of oil-soaked birds is under 1 percent," says Silvia Gaus, a biologist at the Wattenmeer National Park along the North Sea in the German state of Schleswig-Holstein.

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 ...

BP used giant shears to slice off a pipe Thursday in the company's latest bid to contain the Gulf of Mexico oil, but the cut was irregular and placing a cap over the gusher will now be more challenging, Coast Guard Adm.

BP Plc (BP.L) has hit a snag in its attempt to saw through a riser pipe in a risky operation to funnel leaking oil from a blown-out Gulf of Mexico well to the surface, the top US official overseeing the cleanup effort said on ...