Gulf Of Mexico, Gulf Oil Spill | featured news

BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday.

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.

A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials on Wednesday declared the hard-hit region reborn.

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....

Several "preventable human and engineering failures were the immediate causes" of the BP Deepwater Horizon disaster last year, a presidentially appointed commission said in its much-awaited report Tuesday.

The owner of the rig that exploded in the Gulf of Mexico is refusing to honor subpoenas from a federal board that has challenged the company's involvement in monitoring the testing of a key piec...

The Department of Justice filed a civil lawsuit against nine companies over the oil spill in the Gulf of Mexico.

The oil disaster in the Gulf of Mexico was the most searched term on Yahoo in 2010, the search engine said Wednesday.

The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday.

BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill by $7.7 billion to $39.9 billion on Tuesday, pushing its profits down sharply in spite of higher oil and gas prices.