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 slapped with record $5bn fine over Gulf of Mexico oil disaster

BP will pay the biggest criminal penalty in US legal history by some distance after reaching a $4.5bn (£2.9bn) settlement with American authorities over the Gulf of Mexico spill.

Oil is burned off the surface of the water near the source of the Deepwater Horizon spill in the Gulf of Mexico off the coast of Louisiana, in 2010

BP to pay $4.5bn fine for Gulf of Mexico oil spill

BP has agreed to pay $4.5 billion in penalties and plead guilty to 14 counts of criminal misconduct over the Deepwater Horizon oil spill in the Gulf of Mexico two years ago.

Goldman hires new gang of powerful partners to lead growth drive

Goldman Sachs has appointed a new batch of lucky bankers to the esteemed position of partner, putting them in line for bonuses worth many millions each year.

Fewer winners in Goldman Sachs partnership race

Goldman Sachs has appointed a new batch of lucky bankers to the esteemed position of partner, putting them in line for bonuses worth many millions each year.

BP settles its TNK dispute with Russians

BP took a step towards deepening its alliance with Rosneft, the Russian oil company, as it ended seven years of acrimony with its partner in the TNK-BP venture that had been blocking its path.

BP hikes dividend as profits rise

Shares in BP soared by more than 4 per cent yesterday after the oil giant unveiled a better-than-expected third-quarter profit and hiked its dividend by 12.5 per cent to $0.09.

Business week in review

In profit ...

BP sells off TNK for £17bn amid bonus dividend talk

The City cheered yesterday as BP finally resolved its troubled relationship with TNK-BP by agreeing to sell its half of the Russian joint venture to Rosneft for a "good price" of $27bn (£17bn) in cash and shares.

Top oil and gas producers (Million barrels of oil equivalents per day)

BP gets its divorce: but City cautious over new link with Kremlin

Concerns over low cash element in sale of stake in Russian venture to state giant

Tom Bawden: Relief at end of TNK-BP relationship from which both partners were desperate to escape

Anyone who has been following the TNK-BP Russian joint venture can only conclude that the two partners desperately needed a divorce.

BP and Rosneft reveal details of £17bn Russian oil deal

Rosneft has agreed to buy BP's 50% stake in its troubled TNK-BP joint venture

BP due to announce £17bn deal with Rosneft

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

BP and Rosneft in talks to finalise details of £17bn Russian oil deal

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

Rosneft offers BP $28bn for its half of Russian venture

Rosneft circled in on TNK-BP yesterday as the state-owned oil giant tabled a bid of about $28bn (£17.5bn) for BP's half of the Russian joint venture – just two days after offering the same amount for the other 50 per cent.

BP receives $28bn offer from Rosneft for Russian venture

State-controlled oil giant makes bid to take over TNK-BP
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