Oil, Bp | featured news

A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster. In November, BP said it would pay $4bn (£2.5bn) to the US Department of Justice and agreed to plea guilty to 14 criminal charges. The sum included a $1.26bn fine.

BP is being temporarily suspended from new contracts with the U.S. government, the Environmental Protection Agency says.

"... over two decades, more than 45 people have died, BP has faced three criminal convictions ..."

Russian law enforcement officers raided the Russian offices of oil giant BP, the company said Wednesday, blasting what it called "illegal" interference in BP's work.

A new oil sheen was spotted in the Gulf of Mexico, although energy company BP said Thursday the discovery had nothing to do with its operations and was far from the site of its disaster-hit Macondo well.

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.

In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear - much of which had little to do with the cleanup, an Associated Press investigation shows....

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.

Halliburton and BP knew weeks before the blast on a rig in the Gulf of Mexico that the cement mixture they planned to use to seal the well was unstable, a commission found.

BP Chief Executive Bob Dudley accused some politicians and the media on Monday of being too hasty to pin all the blame on his company for the devastating Gulf of Mexico spill - and emphasized the need for deep-water drilling.