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  • Asset sales weigh on BP's Q4 earnings

    February 4, 2014 6:11 AM

    LONDON (AP) - BP PLC's fourth-quarter profits fell 30 percent as the asset sales that it has pursued to compensate victims of the Gulf of Mexico oil disaster reduced production. The company said Tuesday that net income slid to $1.04 billion from $1.49 billion in the same quarter the year... more »
  • Scientists: Fish are sick where BP's oil spill hit

    April 19, 2012 7:40 AM

    BARATARIA BAY, La. (AP) - Two years after the massive Gulf of Mexico oil spill, scientists say they're finding trouble with sick fish that dwell along offshore reefs and in the deep waters - especially in places where the oil spill hit the hardest. The scientists are unsure what's causing... more »
  • Technician challenges BP's claim on key devices

    October 7, 2010 3:09 PM

    METAIRIE, La. (AP) - A technician is challenging BP's claim about how long it would have taken to install an additional number of a key device the oil giant had been warned was essential to prevent a significant gas flow problem in its well that later blew out. Centralizers make... more »
  • BP's Plans to Drill off Britain's Shetland Isles

    August 2, 2010 10:55 AM

    LONDON (AP) - BP's plans to drill for oil off Britain's Shetland isles and the Libyan coast are facing opposition after the company's disastrous Gulf of Mexico oil spill. Environmental campaigners and some European lawmakers on Monday called for for a U.S.-style moratorium on deepwater drilling. Greenpeace says a Gulf-style... more »
  • Robert Dudley Will Become BP's First American CEO

    July 27, 2010 11:41 AM

    LONDON (AP) - American Robert Dudley will become BP PLC's first ever non-British chief executive, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill. Ending weeks of speculation, BP confirmed that gaffe-prone... more »
  • Relief Tunnel Should Finally Reach BP's Well By The Weekend

    July 21, 2010 11:42 AM

    NEW ORLEANS (AP) - The federal government's spill chief said a relief tunnel should finally reach BP's broken Gulf of Mexico well by the weekend, meaning the three-month-old gusher could be snuffed for good within two weeks. After several days of concern about the well's stability and the leaky cap... more »
  • Seepage detected two miles from BP's oil cap is coming from another well.

    July 20, 2010 4:17 PM

    WASHINGTON (AP) - The federal government's oil spill chief says seepage detected two miles from BP's oil cap is coming from another well. There are two wells within two miles of BP's blowout, one that has been abandoned and another that is not in production. There around 27,000 abandoned wells... more »
  • More of BP's Money to Help AG With Spill Lawsuit

    June 23, 2010 9:29 PM

    BATON ROUGE, La. (AP) - Another slice of Louisiana's $25 million aid grant from BP will be used to help Attorney General Buddy Caldwell with his oil spill litigation. BP PLC gave Louisiana $25 million for cleanup and response efforts. Gov. Bobby Jindal said Wednesday he'll carve out another $5... more »
  • Apology to BP's Hayward triggers uproar

    June 17, 2010 4:14 PM

    WASHINGTON (AP) - Republican Rep. Joe Barton of Texas is issuing an apology - of sorts - about his apology to oil company BP. Barton had complained at a hearing earlier Thursday that the Obama administration was forcing BP to set up a $20 billion "slush fund" for oil spill... more »
  • 2nd tank believed from BP's rig explosion washed ashore

    June 14, 2010 1:57 PM

    MIRAMAR BEACH, Fla. (AP) - A second storage tank believed to be from BP's Deepwater Horizon oil rig explosion has washed ashore in the Florida Panhandle. The Walton County Sheriff's Office said Monday that BP was taking the tank to New Orleans where the April rig explosion is being investigated.... more »
  • BP's Shares Climb For a Second Day in a Row

    June 11, 2010 2:09 PM

    BP shares are climbing for a second straight day despite new estimates that the Gulf oil spill could be worse than previously forecast. In morning trading Friday, BP's shares rose $1.35, or 4.1 percent, to $34.13. Some scientists believe the amount of oil spewing from the blown-out well in the... more »
  • State Concerned About BP's Use of Chemical Dispersant

    May 10, 2010 6:46 PM

    BATON ROUGE, La. (AP) - Gov. Bobby Jindal said Monday that the state is concerned about oil giant BP's use of a chemical dispersant to thin the thousands of gallons of oil gushing into the Gulf of Mexico following a drilling rig explosion. "They are doing a 24-hour subsea test... more »

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