BP Is Told to Finish Relief Well

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BP PLC must continue work on a relief well to permanently seal the Gulf of Mexico oil leak..

Oil Tops $80 Barrel for First Time Since May

Crude oil surged above $81 a barrel for the first time since May as a rally in global equity markets increased speculation....

Leak found on rig 'weeks before blast'

The Deepwater Horizon rig which exploded causing the Gulf of Mexico oil spill, had suffered a leak in the weeks leading up to the blast…

BP boss Tony Hayward passes baton after horror week

EMBATTLED BP boss Tony Hayward is handing over the daily management of the complex operation to cap the Gulf of Mexico spill, a day after a public mauling by US lawmakers..

BP says it's sorry - and guarantees $20B for Gulf

President Barack Obama wrested a $20 billion compensation guarantee and an apology to the nation from British oil giant BP Wednesday..

U.S. Lawmakers blast oil firms' drilling plans

U.S. lawmakers blasted major oil companies on Tuesday for "virtually worthless" and "cookie cutter" plans to handle a deepwater oil disaster...

Documents reveal BP's missteps before blowout

BP made a series of money-saving shortcuts and blunders that dramatically increased the danger of a destructive oil spill in a well that an engineer ominously described as a "nightmare"....

Coast Guard Tells BP to Speed Up Containment Pace

The federal government has given BP until the end of the weekend to find ways to speed up efforts to contain huge amounts of oil gushing from a ruptured well in the Gulf of Mexico, according to a letter released Saturday, as large globs of brown crude coated Alabama's white sand beaches.

Gulf oil leak estimate soaring

NEW YORK - A government panel roughly doubled its estimate yesterday of the amount of oil that had gushed for weeks from the out-of-control BP well...

Obama to Meet BP Chairman

President Barack Obama and senior administration officials will meet BP Chairman Carl-Henric Svanberg next Wednesday..