BP is closing out the year by selling a majority stake in Castrol, preparing for a CEO transition, and delivering new Gulf of ...

A unit of BP Plc was the high bidder in a US auction for oil and gas drilling rights in the Gulf of Mexico, the first sale ...

The Bureau of Ocean Energy Management offered about 80 million acres in federal waters offshore Texas, Louisiana, Mississippi ...

NEW ORLEANS (AP) - A federal judge on Tuesday approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's ...

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 ...

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 article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. As protest groups planned anti-BP demonstrations in 50 cities and BP’s ...

BP (NYSE:BP) said Tuesday it will move ahead with the development of its deepwater Kaskida project in the U.S. Gulf of Mexico, its first big project in the U.S. Gulf since the Deepwater Horizon ...

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 ...

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 ...

BP is selling four of its oil fields in the Gulf of Mexico for $650 million. The buyer is the Japanese firm Marubeni Oil and Gas. BP is trying to raise about $30 billion to pay damage claims stemming ...