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 ...

The BP Deepwater Horizon catastrophe in 2010 spilled 205.8 million gallons of oil and 225,000 tons of methane into the Gulf of Mexico. Only about 25 percent of the oil was recovered, leaving more than ...

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 ...

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 ...

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 ...

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 ...

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 ...