If approved, BP aims to begin drilling in the Kaskida project in 2029 using high-pressure technology that could harvest up to ...

(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 ...

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 ...

Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

BP (NYSE:BP) is moving forward with plans to develop an offshore drilling project in the Gulf of Mexico worth $5 billion. It is expected to take five years for the Tiber-Guadalupe oil and gas project ...

ROBERT, La. -- If oil stops flowing to the surface in the Gulf of Mexico, BP officials will know that their latest effort to plug a blown-out undersea well off the Louisiana coast was successful. BP ...

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 ...

British energy giant BP said it would proceed with its $5 billion Tiber-Guadalupe project in the Gulf of Mexico, its second new platform in the region in less than two years as it doubles down on ...

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 ...

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 ...