Oil Spill, Gulf Of Mexico | 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.

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 $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.

US President Barack Obama is due to meet relatives of the 11 workers killed in an explosion on the BP oil platform in the Gulf of Mexico.A presidential spokesman said he would express his condolences to relatives.