News BP had originally projected that its settlement in the case would cost $7.8 billion but later boosted this to $9.2 billion

A panel of the 5th US Circuit Court of Appeals has affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill.

BP shareholders get $8bn of profits from sale of Russian stake

Shares in BP leapt today after the FTSE 100 oil giant unveiled plans to return $8bn (£5.3bn) to investors, a day after completing the sale of its troubled TNK-BP Russian joint venture.

TNK-BP Russian chiefs sound out Hayward and Browne

Russian oligarchs who ran the oil group TNK-BP with BP have sounded out two former chief executives from the UK oil giant about investing jointly in international oil projects.

First witness testifies in BP oil spill trial

BP failed to apply its own safety and risk management system to the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico, in what was a "tragic" and "egregious" oversight, the first witness in a long-awaited civil trial over the 2010 oil spill said.

The ‘Deepwater Horizon’ explosion in the Gulf of Mexico killed 11 workers and injured 16 others

Money mattered more to BP than the people who died, Deepwater Horizon spill trial told

As oil company finally comes to trial over rig disaster, $16bn settlement talks are intensifying

New Gulf claims may add $50bn to BP bill

The scale of BP's potential legal bill for the Gulf of Mexico oil spill has soared after the company disclosed $34bn (£22bn) of new claims by four southern US states.

Algerian government seeks to salvage energy trade after attack

In Amenas siege may have far-reaching repercussions for a gas-reliant economy

Market Report: Takeover talk is back over BG Group

Perhaps traders really do believe the adage that if you say something enough times it will come true. Perennial bid target, oil and gas specialist BG Group, was back on the lips of fast-talking traders today. Dealers insisted the rumour could come true this time and the shares spurted to the top of the benchmark index, 25.5p better at 1,145p today.

'A very serious and dangerous situation': David Cameron chairs emergency meeting on Algerian hostage crisis

David Cameron chaired an emergency meeting today on the Algerian hostage crisis which Downing Street described as a “very serious and dangerous situation”.

Desert storm: Islamists take Mali fight to Algeria

Islamist militants were holding  up to 41 Western gas engineers at a remote BP site in Algeria today, deepening fears that the conflict in Mali could unleash an anti-Western war across the deserts of northern Africa.

Creole Belle, By James Lee Burke

Like his tough protagonist, Dave Robicheaux, James Lee Burke is a man of passionate temper. His contemptuous anger over the lacklustre response of George W Bush to the devastation of Burke’s beloved New Orleans by Hurricane Katrina was incorporated into his writing. That rage is back again.

James Moore: New York bus inspectors really mean business

Outlook First it was the banks, now it's the buses. Stagecoach is the latest British company to fall foul of American regulators.

US imposes 'awful' ban on BP pitching for new work

The recent run of good fortune for BP ended yesterday as the US government accused it of showing "a lack of business integrity" over the Gulf of Mexico oil spill and temporarily banned it from pitching for new federal contracts.

US bans BP from pitching for new government work

Oil giant is punished for its 'lack of business integrity' over the Gulf of Mexico oil disaster in 2010

BP settlement a boon to conservation group

The National Fish and Wildlife Foundation has operated on a modest budget in relative obscurity for nearly three decades. Then it won the lottery.

A Coast Guard official told a local TV station that 28 people were believed to have been aboard the Black Elk rig

'Two dead' after explosion and fire on Gulf of Mexico oil rig

Officials in the Gulf of Mexico are investigating an explosion and a fire that broke out aboard an offshore oil platform near Grand Isle, Louisiana.             

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