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.

Rosneft could be a bidder for BP's Russian stake

BP's $25bn (£16bn) stake in its Russian joint venture TNK-BP could be snapped up by the Kremlin after state-owned oil company Rosneft said yesterday it was starting talks with the British oil major.

Rosneft moving in to snap up BP's £16bn stake in Russia joint venture

BP's $25bn (£16bn) stake in its Russian joint venture TNK-BP could be snapped up by the Kremlin after state-owned oil company Rosneft yesterday said it was starting talks with the British oil major.

Oligarchs to bid for half of BP stake

AAR, the consortium of Russian billionaires that owns half the TNK-BP oil joint venture, said it was preparing to bid for a further 25 per cent stake after BP put its 50 per cent holding up for sale last month.

What the Sunday papers said...

The Independent on Sunday: Pressure on Bank to put extra £50bn into recovery

Rosneft may buy BP's stake in TNK-BP

Rosneft, the Russian state oil giant, has emerged as a suitor for BP's stake in the troubled TNK-BP joint venture, which it put up for sale after "unsolicited indications of interest" from unnamed parties.

BP pursues sale of TNK stake

BP signalled the end of its nine-year joint venture in Russia today after confirming it would pursue the sale of the 50% shareholding.

Russian oligarch quits joint venture with BP

BP is facing another crisis after the oligarch who led its Russian joint venture quit and insiders warned that the billion-pound tie-up was heading for failure.

BP scales back plans to break Russian hold on gas supplies

The prospect of breaking Russia's stranglehold on gas supplies to the West receded yesterday as the new Nabucco pipeline was thrown into doubt.

High price of fuel sees BP's profits tumble as travellers curb trips

Oil and gas production declined as BP sold off oilfields and assets to pay for the Gulf oil spill

Oil giant BP sees fall in profits to £2.95bn

Oil giant BP revealed a dip in profits today as its commitment to sell off billions of pounds of assets in the wake of the Gulf of Mexico disaster hit production.

DJ Taylor: Fracking is a highly explosive issue

Shale mining might yield cheap gas, but there's one small problem: all fossil fuels run out. Plus, strange influences
The Deepwater Horizon oil rig ablaze in April after the explosion in the Gulf of Mexico, off the south-east tip of Louisiana

BP clean-up operation 'a fiasco'

Frustrated protesters claimed today that oil giant BP's clean-up operation in the wake of the Gulf of Mexico disaster had been a "complete fiasco".

Oil and fresh crude float on surface nine miles from the Deepwater Horizon oil well spill source in the Gulf of Mexico

US to share BP Gulf spill documents

The Justice Department has agreed to turn over at least 100 scientific documents that BP suspects could show that the US government overestimated the amount of oil that spewed into the Gulf of Mexico from the company's Macondo well.

BHP Billiton set to invest £445m in Mad Dog extension

The mining giant BHP Billiton is to invest $708m (£445m) to expand its Mad Dogjoint venture with BP and Chevron in the Gulf of Mexico. The new facility, an extension of the existing development dubbed Mad Dog Phase 2, is expected to produce about 130,000 barrels of oil a day and be up and running in 2018. The final investment decision for the venture, however, will not be made until next year.

BP sells £250m North Sea assets

BP sold assets in the North Sea today in a £251.7 million deal but insisted it is still committed to developing around the UK.

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