A day of reckoning arrived for British Petroleum on Thursday as the oil giant agreed to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and pay a record $4.5 billion, including th

British Petroleum (BP) has reached a USD 7.8 billion deal with thousands of fishermen and other plaintiffs who had filed a suit over the 2010 Gulf of Mexico oil spill off the US coast, the worst spill

British energy giant BP said on Monday it had recovered $4.0 billion in costs linked to last year's devastating Gulf of Mexico oil spill from US group Anadarko Petroleum Company.

"BP today announced

New Delhi, July 28: Mukesh Ambani-run Reliance Industries and Essar Oil are among about half a dozen firms in race to buy crisis-hit British energy giant BP's fuel marketing assets in east African cou

London, July 27: BP chief executive Tony Hayward, whose resignation is expected any moment before the stock market opens today, is rumoured to have been offered a board role within British Petroleum’s

London, July 27: Oil giant BP Tuesday announced a record quarterly loss of $17.1 billion as a direct result of the Gulf of Mexico oil spill and said its embattled chief executive, Tony Hayward, would

London, July 26: BP chief executive Tony Hayward will walk away from the crisis-stricken British oil giant with a payoff of up to 18.5 million dollars, media reported Monday ahead of Hayward's departu

London, July 22: British Petroleum (BP) was caught up in yet another controversy after bloggers noticed an image of its US oil spill command centre was digitally modified to make the staff look engage

Washington, Jul 21: British Premier David Cameron today asserted that the BP needs to take responsibility and clear the mess in the Gulf of Mexico, but noted that both US and Britain need to make sure

Washington, Jul 21: British Premier David Cameron today asserted that the BP needs to take responsibility and clear the mess in the Gulf of Mexico, but noted that both US and Britain need to make sure