Gulf Of Mexico, Gulf Oil Spill | 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.

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.

"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.

Is President Obama bowing to criticism that he hasn't shown enough emotion and outrage about the Gulf of Mexico oil spill? In an interview with the "Today" show's Matt Lauer on Tuesday morning, the president offered his bluntest response yet about the disaster, telling Lauer he's been talking to experts about "whose ass to kick" when it comes to responsibility for the mess.

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 ...