Oil Spill, Gulf Oil Spill | featured news

BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday.

BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

Shares in oil major BP hit a six-month high on Tuesday after The Daily Mail newspaper reported rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.

The owner of the rig that exploded in the Gulf of Mexico is refusing to honor subpoenas from a federal board that has challenged the company's involvement in monitoring the testing of a key piec...

The Department of Justice filed a civil lawsuit against nine companies over the oil spill in the Gulf of Mexico.

So many people love Justin Bieber. They love him so much, that this year Twitter changed the way it counts its most tweeted-about topics to effectively exclude him....

The oil disaster in the Gulf of Mexico was the most searched term on Yahoo in 2010, the search engine said Wednesday.

BP and its chief subcontractors, Halliburton and Transocean, made decisions that increased the chances of a catastrophic blowout, a team of experts said.

BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill by $7.7 billion to $39.9 billion on Tuesday, pushing its profits down sharply in spite of higher oil and gas prices.

Months after the nation’s worst oil disaster, the Obama administration will lift its moratorium on deep-water drilling in the Gulf of Mexico, the White House announced Tuesday morning.