bp oil spill cleanup

Exxon Mobil Rumor Moves BP Stock Up and Down

Earlier Friday in London trading, shares of BP gained on rumors the largest oil company in the world, Exxon Mobil, is considering a bid for the oil company responsible for the largest oil spill in the U.S., Reuters reported.

A Tough First Day for Oil Spill Claims Czar Feinberg

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

Gulf Oil Spill: BP and Feds Too Close Together?

Behind the government's tough talk about BP over the oil spill, it worked closely with the company to clean up the leak. Now, many worry BP could get away with a slap on the wrist from its behind-the-scenes partner.

House Votes to Lift Oil Spill Liability Cap

A bill that passed the House of Representatives on Friday would, among other things, eliminate the $75 million cap on liabilities related to oil spills. The overhaul of the nation's offshore drilling regulations would require oil companies to pay the full cost involved with any spills.

Call for $5 Billion 'Down Payment' From BP

A coalition of three major environmental groups is requesting that BP immediately set aside this money in addition to the $20 billion it has already committed because that federal escrow fund is meant to pay for only economic damages.

Is Bob Dudley the Guy to Remake BP's Culture?

BP's board appears to be saying yes. They're betting the American who has become the face of BP's Gulf Oil spill cleanup has the right stuff to not only end that nightmare but to lead an overhaul of BP's corporate culture to one that stresses safety as well profits.

Bad Weather Brings BP Gulf Operations to Near Standstill

Authorities suspended operations around the ruptured oil well in the Gulf of Mexico and prepared to evacuate workers as a tropical storm threatened to enter the area. Bad weather in the Caribbean will likely enter the Gulf this weekend, and there is a 40% chance of it becoming a tropical depression or tropical storm by Friday, the Associated Press reported. Efforts to plug the ruptured oil well were brought to a near standstill.

BP's Oil Spill Costs May Be Up to $33 Billion

The oil spill in the Gulf of Mexico is taking a bigger bite out of BP's bottom line, according to a report issued Wednesday by analysts for Sanford C. Bernstein that hikes the oil company's cost to $33 billion.

The Oil Spill and Human Health: More Questions Than Answers

With BP's undersea well in the Gulf of Mexico still gushing oil and cleanup efforts barely making a dent, questions abound about the spill's long-term effects on the environment and human health. In fact, very little is known about the health effects of oil spills.

Environmentalists Seek
$5 Billion from BP

Three leading environmental groups today urged the Obama administration to allocate a minimum of $5 billion of the proposed $20 billion BP escrow fund to restore the environment damaged by the explosion of the Deepwater Horizon rig, which triggered the worst oil spill in U.S. history.

BP's Dividend Dilemma: A Few Possible Solutions

BP's rich 11% dividend yield has come to haunt the oil giant, in addition to its already gargantuan problems. But some responsible thinkers have come up with useful ideas on how to deal with the issue.