Offshore Oil Drilling, Bp | featured news

BP PLC says it may in the future drill in the same Gulf of Mexico oil reservoir that blew its top and caused one of the world's worst spills. Officials said Friday at a news briefing in New Orleans that the company hasn't closed the door to tapping the reservoir again. Chief Operating Officer Doug Suttles says "there's lots of oil and gas here." He says "we're going to have to think about what to do with that at some point."

Gov't scientists now estimate nearly 5 million barrels of oil have leaked into the Gulf since April, easily topping Mexico's 1979 spill of 3.3 million barrels | DAY 105Questions on Dispersants |

One hundred days after an oil well operated by BP ruptured in the Gulf of Mexico, the man overseeing the federal response is optimistic that steps planned for the coming days will finally, permanently seal the well.

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

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

Drilling continued despite a leak on a critical safety device, a company official told investigators.

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.

Despite concerns about problems on the seafloor near the well, government officials on Monday said they would allow the pressure test to continue.

Officials on Saturday said that pressure readings in the well were rising steadily after the valves were closed on a cap at the well’s top.

BP Plc said on Thursday it stopped the flow of oil into the Gulf of Mexico from its deep-sea well for the first time since it ruptured in April, prompting hope that the leak can be plugged for good.