GulfOilSpill

Why BP Will Never Be Great Again

BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.

BP Delays Crucial Test of New Cap on Gulf Oil Well

BP (BP) delayed a crucial test that will determine if it can close a new cap on the leaking oil well in the Gulf of Mexico. The London-based oil giant delayed tests that were meant to assess whether the well can handle the pressure of closing the cap at the wellhead, Reuters reported. The test was scheduled for Tuesday.