The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.
(Following Justice Department correction, makes clear Lloyds was Transocean's insurer, not BP's, in paragraph 2)
Google has released its year-end search report - Zeitgeist 2010. Among the personalities and events that figure on search trends list are Justin Beiber, Lady Gaga, Kim Kardashian, Oil Spill, World Cup, Haiti Earthquake and more.
BP Oil Spill, FIFA World Cup, Lady Gaga, Justin Beiber, iPhone are among the top searches in 2010, according to the Yahoo's 'Year in Review' report which tallies hot searches on a variety of lists.
A U.K. industry taskforce has called on the British government to act now to protect the economy against a potential new threat of rising oil prices.
Visits to the state of Florida rose in the third quarter of 2010 despite the Deepwater Horizon oil spill.
Commercial and recreational fishing may resume as close as 10 miles from the wellhead of the former Deepwater Horizon oil rig, federal officials said on Monday.
The lowest dissolved oxygen measured in the Gulf of Mexico areas was 3.5 parts per million, which is above hypoxic levels, the report said.
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion (5 billion pounds) as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortnight away from sealing the well for good.
BP Plc delayed retrieval of the failed blowout preventer atop its ruptured Gulf of Mexico oil well this week because of bad weather, the top U.S. official overseeing the oil spill said on Monday.
Finding of a new type of oil eating bacteria at the sites of recent Gulf of Mexico oil spill raised new hopes for environmentalists. Scientists discovered the new microbe while studying the underwater dispersion of millions of gallons of oil spilled into the Gulf following the explosion of BP's Deepwater Horizon drilling rig.
Stock index futures pointed to a higher open for Wall Street on Monday, with the S&P 500 futures up 1.1 percent, Nasdaq futures 0.8 percent higher, and futures for the Dow Jones industrial average up 1 percent by 4:38 a.m. ET.
Some BP gas station owners in the United States want to drop the BP name and return to the Amoco brand to recover business hit by public anger over the Gulf of Mexico oil spill disaster.
BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.
Royal Dutch Shell Plc said second-quarter profits doubled thanks to high oil prices and bigger than expected restructuring gains and unveiled a plan to boost asset sales, echoing a plan from rival BP .
Royal Dutch Shell Plc said second-quarter current cost of supply net income jumped 94 percent to $4.53 billion thanks to a strong operating environment and a speedy restructuring of the group.
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages.
Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a year before any charges are filed, the Washington Post reported on Wednesday.
With BP poised to move on from the Gulf oil spill with a new chief executive, the beleaguered London-based company might look attractive to Middle East sovereign wealth funds after all. It would be a parting legacy from outgoing CEO Tony Hayward if his efforts earlier this month to court the funds in Abu Dhabi and other oil-producing countries were to bear fruit.
Senators postponed a hearing on whether British oil giant BP Plc influenced the release of the Lockerbie bomber, saying on Tuesday key witnesses had stonewalled the investigation by refusing to appear.
