BP Gulf of Mexico

The U.S. has approved the first permit to resume deepwater drilling in the Gulf of Mexico since the BP oil spill a year ago. The Noble Energy project, 70 miles southeast of Venice, La., is slated to be deeper than the blown out BP well.

Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn't own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.

BP (BP) shares fell the most in four months in London after the Obama administration sued the oil giant, saying it violated environmental laws during the Gulf oil disaster. BP shares retreated by as much as 3.2%, the most since August, Bloomberg News said. As of 9:08am local time, the shares were...

BP is apparently considering the $1 billion sale of some of its assets in the North Sea as it tries to cover cleanup costs from the Gulf of Mexico oil spill. The company's Macondo well in the Gulf of Mexico exploded in April, leading to the most massive oil spill in U.S. history.

BP (BP) commissioned a feature-length film about the Gulf of Mexico oil disaster. The movie, produced by World Television, will act as a historical "archive," BP spokesman Robert Wine told The New York Times. "They are making a film of the spill primarily for an internal audience as an archive of...

Today is the deadline for individuals and businesses impacted by the Gulf Oil spill to apply for emergency claims from BP's (BP) $20 billion fund. Fund administrator Kenneth Feinberg, 65, has already paid out more than $1.9 billion in compensation. President Barack Obama appointed Feinberg, a...

BP (BP) may have ignored potential risks related to the Deepwater Horizon drilling rig and the company suffered from a "lack of operating discipline" according to an interim report. The report from the National Academy of Engineering and National Research Council questions the competency of key...

Tony Hayward, former CEO of BP (BP) said the company was unprepared for the Gulf oil spill and the media attention that went with it. In an interview with BBC News to be broadcast today, Hayward said BP's emergency planning was lacking, and the company was "making it up day to day". "What was...

Oil services firm Halliburton (HAL) has responded to claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable. Federal investigators sent a letter Thursday indicating that only one of the four tests Halliburton...

BP (BP) will sell four deep-water oil and gas fields in the Gulf of Mexico for $650 million. The company will sell the fields to Marubeni Oil and Gas, a unit of Japan's Marubeni Corp., The Wall Street Journal said. The deal could be completed by early 2011. Sponsored Links The oil giant's net...