Oil, Bp | featured news

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.

Oil from the worst spill in U.S. history could soon end up at gas stations, construction sites and even grocery stores .

BP shares sunk Thursday in London as U.S. politicians pressed the British oil company to halt its dividend payments and fork out greater compensation for American workers.

"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.

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 ...

April 20, 2010 - Explosion and fire on Transocean Ltd's drilling rig Deepwater Horizon licensed to BP; 11 workers are killed. The rig was drilling in BP's Macondo project 42 miles southeast of Venice, Louisiana, beneath about 5000 feet of water and ...

Robot submarines carried equipment and cut small pipes at the bottom of the Gulf of Mexico on Monday to prepare to place a new containment valve over the blown-out well this week, while BP crews began working on yet another containment plan that could be added after the cut-and-cap effort.

BP's attempt to plug the Gulf oil leak with mud and cement has failed, yet another setback in the company's attempt to stop the crude from further fouling waters, wildlife and marshland.

Engineers prepare 50,000 pounds of mud and a fleet of robotic subs in first maneuver to outright stop the flow of leaking oil a mile below surface.