BP announced that it has established a trust and made a US $3 billion initial deposit of the previously-announced US $20 billion escrow account to pay legitimate claims arising from the deepwater horizon incident and the ...

 BP finished pumping cement into its ruptured oil well in the Gulf of Mexico on Thursday to seal off the source of the world’s worst offshore spill, paving the way to permanently plug the blow-out later ...

The UAE’s capital emirate is considering making an investment in beleaguered oil firm British Petroleum, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan has said. “We are still thinking about it,” he said. When asked ...

BP removed a containment cap from its stricken Gulf of Mexico oil well on Saturday in the first step toward installing a bigger cap to contain all the crude gushing into the sea and fouling the ...

BP plans to push back against a request from the US government for advance notice of any asset sales or other large transactions in the wake of the oil spill. A person with knowledge of BP’s thinking ...

The top excutive of oil major BP Plc and service providers Transocean Ltd. and Halliburton Co. facing the wrath of US lawmakers over oil slick in the gulf of mexico due to rupture in the oil ...

Sets aside dome solution as crystalised gas build up forced engineers to place the dome over the rupture ...