Gulf Oil Spill | featured news

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.

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.

Massachusetts Rep. Ed Markey releases an internal BP document that shows leak could spew far more oil into the Gulf of Mexico than has been estimated in public accounts.

In what one environmentalist described as "yet another public relations disaster" for embattled energy giant BP, CEO Tony Hayward took time off Saturday to attend a glitzy yacht race around England's Isle of Wight.

BP officials said that Tony Hayward, their embattled C.E.O., was still in charge of all BP operations despite comments indicating that he was relinquishing his duties in the Gulf of Mexico.

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.

Move echoes that of Fitch Ratings earlier in the week.

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 ...