Bp Oil Spill, Gulf Oil Spill | featured news

One hundred days after an oil well operated by BP ruptured in the Gulf of Mexico, the man overseeing the federal response is optimistic that steps planned for the coming days will finally, permanently seal the well.

Up to 4 million barrels (167 million gallons), the vast majority of the spill, remains unaccounted for in government statistics. Some of it has, most likely, been cleaned up by nature. Other amounts may be gone from the water, but they could have taken on a second life as contaminants in the air, or in landfills around the Gulf Coast.

Spill from blowout is degrading rapidly in warm waters, becoming tougher to find, director says.

Tax deduction on losses from oil spill could mean taxpayers will pay for half of $20B claim fund.

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BP posted a loss of $17.15 billion and said that Robert Dudley will lead the entire company from October 1 when the embattled Chief Executive Tony Hayward steps down.

Tony Hawyard, BP's CEO who's quickly become the public face of the Gulf Oil spill, will be stepping down, according to reports in the British press.

Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses.

British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said on Saturday.

Sale moves company closer to goal of raising $10B to cover spill expenses, bolster financial position.

Engineers fighting the Gulf oil spill are confident that the cap over the well is strong enough that they may be able to plug it up soon.