BP and Transocean shrug off scathing oil spill report
Shares in BP Plc and Transocean shrugged off a scathing report from U.S. Presidential panel which blamed the United States' worst ever oil spill on risky decisions the companies made.
BP and firms made risky decisions before spill: report
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said on Wednesday.
BP, firms made risky decisions before spill: report
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said on Wednesday.
BP shares jump on Shell takeover speculation
Shares of BP plc (NYSE: BP) have leapt today partially on a report in the UK newspaper Daily Mail that Royal Dutch Shell (NYSE: RDS.A) may be interested in merging the two global oil giants.
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Oil field services firms to recover from BP spill shock
The explosion on BP's Deepwater Horizon drilling platform in Macondo early this year was no less than a cut on the oil industry's artery, out of which gushed millions of barrels of oil into the Gulf of Mexico - a tragedy that devastated the Gulf Coast ecosystem, paralyzed an oil behemoth and thwarted the Big Oil's prospects by attracting a moratorium on deepwater drilling and a crippling regulatory environment.
U.S. sues BP, seeks fines for oil spill
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.
Corrected: Obama admin. sues BP, others over Gulf spill
(Following Justice Department correction, makes clear Lloyds was Transocean's insurer, not BP's, in paragraph 2)
Google Zeitgeist captures the spirit of 2010
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.
Oil Spill, World Cup, Miley top Yahoo search list in 2010
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.
UK industry group warns of oil price shock
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.
Florida tourism rises despite oil spill
Visits to the state of Florida rose in the third quarter of 2010 despite the Deepwater Horizon oil spill.
Fishing restarts 10 miles from Deepwater wellhead
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.
No ‘Dead Zones’ found after BP oil spill
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 oil spill costs hit $8 billion as ends rig probe
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 oil spill costs hit £5 billion
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 Gulf of Mexico oil spill costs hit $8 billion
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.
Weather delays retrieval of BP blowout preventer
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.
New oil eating bacteria raises hope for Gulf
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 point to gains for Wall Street
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.
BP distributors consider reverting to Amoco brand
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 may sell German gas stations for $2.6 billion: report
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.
Shell Q2 profits double, upping asset sales
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 .
Shell Q2 profits double as overhaul beats targets
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.
BP tees up asset sales to pay for spill
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.
Officials ready criminal probe of oil spill: report
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.
Middle East Oil Producers Might Consider BP Investment - to Diversify
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.
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