BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today. More »
Federal investigators shed new light Thursday on why a key safety device failed to stop a blowout at BP’s Macondo well, which triggered the worst offshore oil spill in U.S. history four years ago. More »
Four years after the Deepwater Horizon disaster spotlighted shortcomings in the blowout preventers intended to safeguard offshore wells, government regulators are still drafting long-promised regulations meant to boost the reliability of those critical emergency devices. More »
Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill. More »
BP says it has completed operations to cleanse Gulf of Mexico shorelines of oil that spilled after Deepwater Horizon disaster in 2013. More »
Oil spilled during the 2010 Deepwater Horizon disaster causes severe defects in the developing hearts of tuna, according to a new study by government and academic scientists that hints at long-term damage from the accident. More »
Anadarko Petroleum Corp. (APC) officials urged BP Plc to drill deeper into the Gulf of Mexico well that caused the worst offshore oil spill in U.S. history even after BP warned that doing so would be unsafe. More »
BP inked a deal with the Obama administration on Thursday ending its 16-month suspension from new contracts to supply the Pentagon with fuel and drill in U.S. waters.
Even after selling off $38 billion in assets to slim down in the face of oil spill costs, BP could make trimming its balance sheet a habit. More »
The legal clash over the 2010 Gulf of Mexico oil spill is entering a key chapter that could give BP an idea of just how large a hole the disaster will burn in its wallet. More »
A federal appeals court has upheld a judge’s approval of a multibillion-dollar settlement between BP PLC and lawyers for Gulf Coast businesses and residents who claim the company’s 2010 Gulf of Mexico oil spill cost them money.
A former BP drilling engineer was convicted Wednesday of one charge that he deleted text messages from his cellphone to obstruct a federal investigation of the company’s massive 2010 oil spill in the Gulf of Mexico. He was acquitted of a second charge. More »