Oil giant BP swung to a US$4.2bn loss in the first six months of the year after taking another €9.8bn hit from its Deepwater Horizon disaster and oil prices continued to plunge.
The trial for the federal litigation spawned by BP’s massive 2010 oil spill in the Gulf of Mexico resumes today, with a focus on the company’s response to the deadly disaster.
Oil giant BP sparked a big jump in its share price today after quarterly profits of $4.2bn (€3.2bn) smashed City expectations.
BP set aside £5.3bn (€6.2bn) for shareholders today as part of an immediate return from the reshaping of the oil giant’s Russian business.
BP has sued to block what could be billions of dollars in settlement payouts to businesses over the deadly Gulf of Mexico oil spill.
The company which leased the Deepwater Horizon rig to oil giant BP has been fined $1.4bn (€1.06bn) after admitting its role in the Gulf of Mexico disaster.
BP’s hopes of reaching a settlement over the Deepwater Horizon catastrophe were dealt a blow today after it emerged that the US Government intends to prove gross negligence or wilful misconduct at trial.
BP focused too much on the little details of personal worker safety instead of the big systemic hazards that led to the 2010 Gulf of Mexico oil spill, a US government safety panel has concluded.
Oil giant BP revealed a dip in profits today as its commitment to sell off billions of pounds of assets in the wake of the Gulf of Mexico disaster hit production.
An ex-BP engineer has been charged with destroying evidence tied to the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
The first criminal charges in the Deepwater Horizon disaster have been filed against a former BP engineer who allegedly destroyed evidence.
BP has agreed to settle claims from thousands of fishermen who lost work and others who said they were harmed by the oil giant’s 2010 Gulf of Mexico disaster, the worst offshore oil spill in US history.
The US court case over the Gulf of Mexico oil disaster has been delayed for a week after a judge heard that BP was making some progress in settlement talks.
A US judge has ruled that Halliburton can avoid paying most of the pollution claims that resulted from the catastrophic Gulf of Mexico oil spill because it was shielded in a contract with well owner BP.
An internal BP email conversation revealed today that officials were warning that if the Deepwater Horizon well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day.
BP is accusing Halliburton of destroying damaging evidence about the quality of its cement that went into the Deepwater Horizon well that exploded, killing 11 people and causing America’s worst offshore oil spill.
BP’s pledge to sell off billions of dollars of assets to cover compensation for the Gulf of Mexico oil disaster was dealt a blow today after a major deal in Argentina was scrapped.
A key US report has laid much of the blame on BP for the massive Gulf of Mexico rig disaster.
A BP scientist identified a previously unreported deposit of flammable gas that could have played a role in the Gulf of Mexico oil spill, it has emerged.
A US judge has thrown out racketeering claims by the lead plaintiffs suing BP over last year’s oil spill.
The owner of the rig that exploded in the Gulf of Mexico last year has largely blamed oil giant BP for the disaster.
Relatives flew over Gulf of Mexico waters where 11 oil rig workers died a year ago, residents gathered in prayer vigils onshore and President Barack Obama vowed to hold BP and others accountable for “the painful losses that they’ve caused”.
Relatives of the 11 men who died aboard the Deepwater Horizon oil rig are flying over the Gulf of Mexico today, back to the epicentre of the worst offshore oil spill in the nation’s history.
Oil giant BP is facing calls from some of its biggest shareholders to sell off up to half of its assets as part of a radical restructuring of the group, it was reported today.
A number of protesters were ejected from BP’s Annual General Meeting today after attempting to storm the stage.
Executives at the offshore drilling contractor at the centre of last year’s Gulf of Mexico oil spill are donating bonuses they got for the company’s safety record last year.
BP shares came under pressure today as it was reported that staff at the beleaguered oil giant could face manslaughter charges over the Gulf of Mexico oil spill.
A trapped piece of drill pipe prevented a fail-safe device from stopping last year's massive BP Gulf oil spill, a US government investigation has found.
BP has not paid its chief executive a bonus in the wake of the Gulf of Mexico oil spill, its annual report revealed today, but two senior directors will receive combined payouts worth nearly £700,000 (€817,117) on top of their regular salaries.
A former BP drilling operations chief resigned just months before last year's Gulf of Mexico oil spill amid disagreements over the oil giant's commitment to safety, a class-action lawsuit says.
BP's new chief executive shifted focus at the oil giant to the "future rather than the legacy of the past" today as it revealed the Gulf of Mexico oil spill saw the company sink to its first loss in nearly 20 years.
More sea turtles were killed or injured in the Gulf of Mexico in the months following the BP oil spill than in any similar period during the past two decades, a report found.
The oil industry and the government need to do more to reduce the chances of another large-scale oil spill, a US presidential panel investigating the BP well blow-out said today.
Decisions intended to save time and money created an unreasonable risk that triggered the largest offshore oil spill in US history, which could happen again without significant reforms, the top-level panel probing the BP blowout said tonight.
Oil giant BP is fighting charges that it violated probation for a 2006 oil spill on Alaska's North Slope by allowing another large spill in the area three years later.
The US government is to sue BP for costs and damages in a bid to recoup billions of dollars after the Gulf of Mexico oil spill.
The US government announced today it is to sue BP for costs and damages resulting from the Gulf of Mexico oil spill.
The BP rig disaster managed to topple Michael Jackson from the top spot on this year’s Yahoo list of most popular internet search requests.
Oil giant BP too often operated in a rush during the closing days of work on its doomed Gulf of Mexico well, a US presidential inquiry said today.
BP's former boss today admitted the group's oil spill contingency plans were "inadequate" and said it was unprepared for the media "feeding frenzy" after the Gulf of Mexico disaster.
The presidential commission investigating the BP Gulf oil spill today challenged claims made in Congress that the oil company and others sacrificed safety to cuts cost.
US federal scientists said they found damage to deep sea corals and other marine life several miles from where BP’s blown-out well spewed millions of gallons of oil into the Gulf of Mexico.
Contractor Halliburton admitted today that it skipped a crucial test on the final formulation of cement used to seal the BP oil well that blew out in the Gulf of Mexico.
BP has said it will sell four Gulf of Mexico oil fields to Japanese company Marubeni as part of its asset sale to help pay for the oil spill there.
BP informed a US federal judge that the company is waiving a $75m (€54m) cap on its liability for certain economic damage claims spawned by the massive Gulf oil spill.
Proposals for the first EU-wide laws on oil platform safety and standards are likely early next year, the European Commission said today.
BP is reported to be in talks with China's third-largest oil company over the sale of its Argentinian business for £6.3bn (€7.2bn).
BP’s incoming chief executive took the first steps in rebuilding shattered confidence in the group today as he announced plans for a new safety division with “sweeping powers”.
Crews are pumping cement into BP’s blown-out oil well thousands of feet below the sea bottom, working to permanently seal it.
A relief well drilled nearly 2.5 miles under the floor of the Gulf of Mexico has intersected BP’s blown-out well, a prelude to plugging it once and for all, the US government said.
Embattled BP boss Tony Hayward defended the firm’s safety record tonight as he was grilled by a committee of MPs over the implications of the Gulf of Mexico oil spill.
The US government’s incident commander for the Gulf of Mexico oil spill said today that BP’s blown-out well is expected to be permanently sealed and declared dead by Sunday, nearly five months after a rig explosion set off the disaster.
BP's investigation into the Gulf of Mexico spill sparked a backlash from its contractors and US politicians who accused the oil giant of attempting to shift some of the blame.
The team behind BP's internal investigation into the Gulf of Mexico oil disaster laid out 25 recommendations to prevent similar tragedies from occurring in the future.
A “complex and interlinked” series of events involving mechanical failures and human judgments led to the Gulf of Mexico oil disaster, a report by oil giant BP said today.
BP will today publish the findings of an investigation into the causes of the Gulf of Mexico oil disaster which led to the largest offshore spill in history.
The ruptured well which pumped almost five million barrels of oil into the Gulf of Mexico has been secured and no longer constitutes a threat, it was confirmed tonight.
Work to remove the 300-ton piece of equipment that failed to stop the massive BP oil spill could be delayed until the weekend or longer because of rough seas.
The US is reopening more federal waters in the Gulf of Mexico for commercial and recreational fishing that had been closed because of the massive oil spill, a government official said today.
Frustrated Gulf oil spill investigators in the US lashed out at BP over its refusal to explain who was in charge of safety at the Deepwater Horizon rig.