Doubts over BP role as chairman lands Volvo job

Carl-Henric Svanberg's days as BP chairman could be numbered,analysts warned, after the Swedish businessman agreed to add to his busy assortment of appointments the same job at Volvo.

The Deepwater Horizon oil rig burning after last year's explosion in the Gulf of Mexico

Halliburton 'destroyed disaster evidence', says BP

BP is accusing Halliburton of destroying damaging evidence about the quality of its cement that went into the Deepwater Horizon well that exploded, killing 11 people and causing America's worst offshore oil spill.

BP on trial over 'broken promises' that led to second oil spill in Alaska

BP could be forced to pay higher penalties over the 2006 Prudhoe Bay oil spill, the worst onshore pipeline leak in Alaska's history, depending on the outcome of a trial under way in Anchorage.

BP's $7 bn stake sale collapses

Energy

BP wins Gulf drilling permit

US offshore regulators have approved BP's first drilling permit for an exploration well since it was hit by the Deepwater Horizon oil spill in last year.

James Moore: A true turning point for BP fortunes or just another clean-up job to soothe the City?

Outlook So Bob Dudley, BP's American chief executive, thinks the business has reached "a definite turning point". Is he right? The good news has hardly been gushing forth from the group's wells, but there has been a drip, drip of better tidings. Yesterday seemed a case in point. Third-quarter profits, for example, were (a bit) better than the City had expected. Production hit a low point but should pick up from here.

The Week Ahead: Black gold production is down but profits set to rise

The focus is on the giant oil companies this week as BG, BP and Royal Dutch Shell issue third-quarter results. Given the spike over the last year in the price of the black gold, earnings comparisons are likely to be strong across the board, although crude has edged back in the last few months.

David Prosser: A rare morale boost for embattled BP

Outlook Good news has been in shortsupply for BP of late, but yesterday's report from a group of US regulators will have given thecompany a boost. It concluded, like several other reports before it, that last year's Deepwater Horizon oil spill disaster was the fault of all of the companies and contractors involved rather than being the sole responsibility of BP (as the hysterical reaction towards the British company from US politicians might have suggested).

Louisiana prepares for 20 inches of rain as Lee storms in

Heavy rains from Tropical Storm Lee were falling in southern Louisiana and pelting the US Gulf Coast yesterday as the storm's centre trudged slowly towards land, where businesses were already beginning to suffer on what would normally be a bustling holiday weekend. With floods from the storms of last weekend's Hurricane Irene still evident in New England, Lee could bring up to 20 inches of rain to some areas.

Halliburton sues BP over Gulf spill

The US oilfields contractor Halliburton is suing BP in the US for "negligent misrepresentation, business disparagement and defamation" related to the Gulf of Mexico oil disaster last year, which killed 11 people and caused the worst offshore spill in US history.

David Prosser: Dudley's only Russian option now is the onehe wanted least of all

Outlook BP could not have expected Rosneft to wait forever. Still, it is always painful to see one's former partner stepping out with someone else, let alone a major rival – and all the more so given that BP and Rosneft were just about to exchange vows before a troublesome member of the audience announced it certainly did know of a lawful impediment to the wedding. Sadly, BP's Russian partners at TNK-BP could not be persuaded to forever hold their peace.

Exxon sues US government over rights to oil field

The US government and the country's largest oil company are heading for a court showdown over rights to one of the Gulf of Mexico's largest oil finds. ExxonMobil had taken three leases on drilling rights to an oil field worth tens of billions of dollars, but the leases expired in 2008 and the government unexpectedly refused to renew them.

Van Wilt presents a trilogy of slick plays

Last year when the BP drilling rig Deepwater Horizon exploded in the Gulf of Mexico, the resulting oil leak hit headlines around the world for a short while, but for local residents its effects are still being felt.

Silly stunts: The challenges and record-breakers that caught the attention of the media

American endurance swimmer Diana Nyad has begun her attempt to become the first person to swim the shark-filled Florida Straits without the aid of a safety cage.

American to swim across the shark-infested Straits of Florida

Undeterred by the prospect of hungry sharks, hurricane-season storms, and the dysfunctional state of diplomatic relations between the US and Cuba, a 61-year-old woman was paddling through calm seas today as she attempted to become the first person to swim unaided across the Straits of Florida.

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