The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

Offshore drilling is a direct result of the growing global appetite for oil and gas. At present, ecosystems in the Gulf of Mexico are being exposed to an oil spill larger in magnitude and scope ...

THUNDER HORSE OIL PLATFORM—This hulking production base 150 miles offshore from New Orleans has long embodied BP’s outsize ambitions in the Gulf of Mexico and also reflected its recurring ...

With one day left to… U.S., five states announce settlement with BP over gulf oil spill The Justice Department and five states on Monday announced a $20 billion final settlement of claims ...

BP lifted oil and gas output by 7.6% in the first quarter, and is ramping up in several parts of the world, including near ...

BP Warns of Lower Oil, Gas Output in Q4 Update BP p.l.c. (NYSE:BP) shares fell premarket on Tuesday after the company updated fourth-quarter guidance. The company expects upstream production to ...

The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the ...

The spill affected the shorelines of five states- Texas, Louisiana, Mississippi, Alabama and Florida- crippling the ecosystems and local economies. Oil giant BP has agreed to pay $20bn to settle ...

More than six years on from the Deepwater Horizon oil spill, BP has finally released a ‘reliable estimate’ of the final bill. Having recently taken steps to resolve all of the outstanding claims ...