The US Interior Department is seeking unspecified modifications to BP Plc’s plan to pump oil from the Kaskida discovery in the Gulf of Mexico, according to the an update posted on the agency’s Bureau ...

Tapping the full potential of the world’s largest oil and gas fields makes good economic sense – and bp is a global leader in ...

BP is going through a "reset," with plans to cut capital expenditures and increase divestments, which could include stakes in Gulf projects. BP could be looking to sell a portion of its Kaskida and ...

The Bureau of Ocean Energy Management on Friday didn’t approve BP’s proposal after outcry from federal lawmakers, ...

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 ...

BP has agreed to set aside at least $20 billion to pay damages caused by the Gulf oil spill, following tough talk from the Obama administration about quickly responding to victims' claims. Judy ...

Democratic strategist James Carville calls on Obama to address the nation. BURAS, La. May 31, 2010— -- As BP prepares to launch its seventh and riskiest plan to halt the flow of oil into the Gulf ...

THIS month 15 years ago, the US government declared the Deepwater Horizon oil well sealed, ending a catastrophic leak that spilled 4.9 million barrels (779 million litres, or 311 Olympic-sized pools’ ...

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 ...

(AP) – BP’s $4.5 billion settlement of federal criminal charges announced Thursday is a record amount, and a significant sum of money. Or, looked at another way, it’s less than the $5.5 billion in ...

HOUSTON (Reuters) - BP Plc extended for another 24 hours a critical test of its blown-out Gulf of Mexico well that so far has shut off the huge oil leak, the top U.S. official overseeing the spill ...

WASHINGTON - BP vowed to bolster safety standards at drilling projects in the Gulf of Mexico on Friday as part of a bid to reassure federal regulators and the public that the company is committed to ...