Texas biologist says he's optimistic after previous mega-blowout. July 8, 2010 -- We all know the scenario by now: On a simmering spring day in the Gulf of Mexico, workers on an offshore platform are ...

Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

White House puts pressure on BP, as BP denies responsibility for spill accident. May 3, 2010 — -- With the White House putting pressure on BP today, company executives promised to clean up the ...

HOUSTON (Reuters) - The U.S. government confirmed on Sunday that BP Plc has succeeded in permanently plugged its runaway Macondo well, closing the first chapter in the worst oil spill in U.S. history.

Once upon a time (about four years ago) it seemed like British Petroleum’s oil spilling sins in the Gulf of Mexico would never be forgiven. First the Deepwater Horizon became a fireball in the Gulf of ...

BP (NYSE:BP) is considering a sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, Reuters reported Wednesday. Kaskida ...

The BP oil disaster in the Gulf of Mexico that is starting to wash ashore is only getting sadder by the minute. Some of the most depressing images were broadcast tonight on MSNBC, as Rachel Maddow ...

The Environmental Protection Agency has lifted a ban on BP, which allows the petroleum company to once again seek oil leases in the Gulf of Mexico. BP sued the EPA to lift the suspension last year. BP ...

The Trump administration announced a 12.5% royalty rate for the first "Big Beautiful Gulf" offshore oil and gas auction, ...

The FINANCIAL — BP on September 19 confirmed that well kill operations on the MC252 well in the Gulf of Mexico are now complete, with both the casing and annulus of the well sealed by cement. "The ...