By bne IntelliNews BP (BP) said last week that it had achieved first oil from the Atlantis Drill Center 1 expansion project ...

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 ...

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 ...

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 ...

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 ...

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 ...