The chief executive of the company that owned the Deepwater Horizon oil rig acknowledged in court on Tuesday that his crew should have done more to avert the 2010 oil well blowout that left 11 dead

President Obama on Monday named two people to his cabinet who will be charged with making good on his threat to use the powers of the executive branch to tackle climate change and energy policy if

Court reduces company's maximum fine a week before trial over blowout that dumped millions of gallons of oil into Gulf of Mexico

BP could be nearing a settlement of federal claims with the U.S.

A federal judge in New Orleans on Tuesday approved an agreement between BP and the Justice Department for the company to plead guilty to 14 criminal charges and pay $4 billion in penalties for the

BP's $4.5 billion settlement of federal criminal charges in the massive oil spill in the Gulf of Mexico off the US coast in 2010 is a record amount, and a significant sum of money.

BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which killed 11 workers and caused the worst U.S. offshore oil spill ever.

The state of Louisiana has asked a federal judge to declare a jury trial to decide on its claim for more than $1 billion from BP Plc to compensate the state for economic losses resulting from the 2

Euphoria Fades Over India’s ‘Gulf Of Mexico’ As Output Falls At RIL’s Finds | ONGC, GSPC Yet To Begin Production