Dozens of fishing communities have been affected by the BP oil spill
The BP well which spilled 206m gallons of oil into the Gulf of Mexico poses no further risk to the environment, says the
The blowout preventer is being slowly raised to the surface
BP has replaced a damanged blowout preventer that failed to stop oil from leaking into the Gulf of Mexico when a drilling rig exploded in April.
The 300-ton… more...
The price of oil has fallen more than $10 a barrel in August
The price of oil has dropped to below $72 a barrel, its lowest level in more than two months, on
BP said Transoceans allegations are misguided and misleading
Energy giant BP has been accused of hiding key data needed to investigate the Gulf of Mexico oil disaster.
Transocean, the company that owned the oil rig, alleged that BP is refusing to hand over information it needs about the explosion… more...
The US government has said BP will continue drilling a relief well to permanently plug the blown-out well in the Gulf of Mexico.
But the government’s incident commander, Adm Thad Allen, said drilling would not proceed until they were sure it was safe to do so.
Scientists had been analysing tests to see if mud and cement pumped in the top of the well had “killed” it… more...
There is still oil out there
BP has finished pumping cement into the top of its damaged Gulf of Mexico oil well as part of its “static kill” procedure.
The move comes the day after it was announced that almost three-quarters of the oil spilled… more...
Almost three-quarters of the oil spilled in the Gulf of Mexico has been cleaned up or broken down by natural forces, the US government has said.
A government report says only a quarter of the oil from the BP well remains and that it is “degrading quickly”.
The majority has been captured, burned off or evaporated, it states. But more clean-up is necessary, officials warn.
The report… more...
The Macondo well has been temporarily sealed with a cap for just over two weeks
BP has started the “static kill” of its leaking Gulf of Mexico oil well
BP
BP will emerge from the Gulf of Mexico oil spill crisis a smaller and wiser company, according to the man who is due to take over the reins.
Bob Dudley, currently in charge of BP’s clean-up operation, will replace Tony… more...
BP says it has set aside $32.2bn (£20.8bn) to cover the costs linked to the oil spill in the Gulf of Mexico.
The company said the charge gave it a loss of $17bn for the three months between April and June - a UK record.
BP also confirmed that chief executive Tony Hayward would leave his post by mutual agreement in October.
He will be replaced… more...