BP misses second-quarter profit forecast on spill charge

Last Updated: Tuesday, July 28, 2015, 13:07

The company also lowered its expected full-year organic capital spending to below $20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.

Mexico holds oil auction for first time in 80 years

Last Updated: Thursday, July 16, 2015, 09:39

Nearly 80 years after kicking foreign energy companies out of the country, the government is offering 14 blocks in shallow waters of the Gulf of Mexico worth an estimated USD 17 billion in total.

BP to pay record $18.7 bn over Gulf of Mexico oil spill

Last Updated: Thursday, July 2, 2015, 20:31

"If approved by the court, this settlement would be the largest settlement with a single entity in American history," Lynch said in a statement.

BP wins right to appeal Gulf spill damages claims

Last Updated: Saturday, May 9, 2015, 10:27

BP Plc deserves the right to have a federal appeals court review some damage claims awarded under the settlement to compensate people and businesses harmed by the 2010 Gulf of Mexico oil spill, a U.S. appeals court ruled on Friday.

UK government tells BP it would oppose takeover: Reports

Last Updated: Monday, April 27, 2015, 22:26

The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday.

Payout from BP oil spill settlement tops $5 billion

Last Updated: Thursday, April 16, 2015, 03:55

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out.

BP appeals US judge's ruling on size of Gulf oil spill

Last Updated: Tuesday, February 24, 2015, 08:53

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

US appeals court affirms BP settlement in 2010 Gulf oil spill

Last Updated: Saturday, January 11, 2014, 10:44

BP had supported the settlement agreement leading up to the December 2012 ruling by U.S. District Court Judge Carl Barbier approving it. But the company has since argued the administration of the settlement is faulty because it allows claimants without actual damages to join in.

BP Gulf oil spill still killing dolphins

Last Updated: Wednesday, January 1, 2014, 11:40

A new study has revealed that BP gulf oil spill is still influencing dolphin mortality, prognosis and reproductive health.

Court rejects BP bid to require proof of Gulf oil spill losses

Last Updated: Wednesday, December 25, 2013, 10:19

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

BP engineer guilty of obstructing oil spill investigation

Last Updated: Thursday, December 19, 2013, 02:27

A drilling engineer for British oil giant BP was found guilty Wednesday of destroying text messages in his smartphone, obstructing the investigation into the 2010 Gulf of Mexico oil spill.

BP wins reprieve over Gulf spill payouts: US appeals court

Last Updated: Thursday, October 3, 2013, 09:32

BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill to tighten standards in assessing claims, potentially sparing the oil company billions of dollars of extra costs.