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Business 28 May 2010 | 12:00 AM Premium

Gulf leak eclipses Exxon Valdez as worst US spill

ROBERT, Louisiana: As BP labored a second day Thursday to choke off the leak at the bottom of the Gulf of Mexico, dire new government estimates showed the disaster has easily eclipsed the Exxon Valdez as the biggest oil spill in U.S. history.

Business 18 May 2010 | 12:00 AM Premium

US drilling official retires in oil spill fallout

WASHINGTON: The federal official who oversees offshore drilling announced his departure Monday in a fallout from the Gulf of Mexico oil spill and criticism that federal regulators have been too cozy with industry.

Business 29 Jul 2010 | 12:00 AM Premium

BP oil spill a wake-up call for entire industry

LONDON: BP Plc's newly named chief executive on Tuesday called the Gulf oil spill a 'wake-up call' for the entire industry as the company tallied up its losses and disclosed two US investigations.

Business 20 Aug 2010 | 12:00 AM Premium

BP accused of withholding 'critical' spill data

WASHINGTON: The company that owned the oil rig that exploded in the Gulf of Mexico is accusing BP of withholding critical evidence needed to investigate the cause of the worst offshore oil spill in U.S. history, according to a confidential document obtained by The Associated Press. BP called the claims a publicity stunt.

Business 10 Nov 2010 | 12:00 AM Premium

Ex-CEO says BP was unprepared for oil spill

LONDON: Former BP PLC chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill and the media frenzy it spawned, and said the firm came close to financial disaster as its credit sources noshade size=-1 width=50%>

Business 26 Dec 2013 | 7:44 AM Premium

US court rejects BP bid to require proof of Gulf oil spill losses

NEW ORLEANS: BP Plc has failed to persuade a US federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

Corporate News 28 Jun 2014 | 8:12 PM Premium

BP seeks to recoup 'windfall' Gulf spill payments

NEW YORK: BP Plc has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.

Business 12 May 2010 | 12:00 AM Premium

Gulf Oil Spill: Oil execs grilled on 'cascade of failures'

WASHINGTON: Congress called BP and its drilling partners to account Tuesday for a cascade of failures behind the spreading oil spill in the Gulf of Mexico, zeroing in on a crucial chain of events at the deep-sea wellhead just before an explosion consumed the rig and set off the catastrophic rupture.

Business 16 Dec 2010 | 12:00 AM Premium

US begins sueing BP, others for billions for oil spill damages

US sues BP, other companies for oil spill damages

Business 02 Feb 2011 | 12:00 AM Premium

BP outlook hit by weak profit, oil spill charge

LONDON: BP Plc failed to dispel doubts about its future yesterday as its long-awaited return to a dividend payout was tainted by weaker-than-expected profits and a new charge for the Gulf of Mexico oil spill.