Bp, Bp Oil Spill | featured news

The  cost of cleaning the Gulf oil spill and compensating its victims won’t be known for years.

Two House Democrats leading probe lay out five decisions firm took "to speed finishing the well," which was running "significantly behind" plans.

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As President Obama headed to the Gulf Coast on Monday, BP is searching for a way to satisfy both the United States government and its shareholders.

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

Environmentalists plan to stage a worldwide protest against BP on Saturday as the petroleum giant takes hits from politicians and Gulf residents.

Government scientists say as many as 40,000 barrels of oil per day have been gushing into the gulf. BP has said the blown-out well will not be plugged before August.

Government scientists said Thursday that as many as 40,000 barrels of oil have been flowing daily from the blown-out BP well, doubling earlier estimates and greatly expanding the scope of what is already the largest spill in U.S.

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 PLC Chief Executive Tony Hayward sought Friday to reassure investors about the fallout of the oil spill, saying the company has "considerable firepower" to cope with costs.