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 bosses set to unveil annual loss

Bosses at BP will unveil the oil giant's first annual loss in nearly two decades tomorrow following a disastrous year for the blue-chip company.

Dark side of la dolce vita

A theatre group is turning three Antonioni movies into a single play at the Barbican. Michael Coveney takes a look behind the scenes of an epic project

BP spill drove UK dividends to fall by £2bn last year

The Gulf of Mexico oil spill caused a £2bn fall in the dividends paid out by British-listed companies in 2010, Capita Registrar's Dividend Monitor will reveal today.

Hayward in the running for Glencore board role

Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.

BP and makers of iPod in line for 'shame' awards

Swiss environmentalists hope this week's prizes will force 'rogue' companies to mend their ways

BP deal gets a muted thumbs-up from the City

The markets gave a cautious welcome to BP's $7.8bn (£4.9bn) share-swap and Arctic exploration deal with Russia's Rosneft last night.

BP angers America again – this time over deal with Russians

BP's frantic efforts to repair its devastated reputation in the US have been set back by a major new alliance with the Russian government, prompting outraged comments from all sides of the political spectrum.

BP targets one of the world's last unspoilt wildernesses after deal

Environmentalists are angry at the energy giant's plans to drill for oil in a remote region of the Arctic

Market Report: Bullish advertising view makes ITV a must-watch

A positive outlook for advertising revenue gave a boost to ITV, as investors switched on to the broadcaster. The company was lifted by a wide-ranging note on the media sector from Goldman Sachs, in which it upped its forecast for global advertising.

Oil disaster inquiry probes 'systemic' failures

Economies and short cuts by BP and other firms contributed to last year's disastrous Gulf of Mexico oil spill, a damning official inquiry has found.

BP cost cuts contributed to Gulf spill, says report

BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico over the summer, the White House commission into the disaster said yesterday. In its final report on the causes of the largest offshore spill in US history, the commission said BP and its collaborators had lacked a system to ensure their actions were safe.

The Business On... Andy Inglis, Head of Production at Petrofac

A rapid recovery?

MPs say keep drilling despite risk from oil spill

Britain lacks the ability to deal with a large-scale North Sea oil spill in bad weather conditions but nonetheless should allow oil companies to continue deep water drilling off the coast, MPs will say today.

BP facing new legal threat over Gulf spill

An investor lawsuit against BP, claiming the oil giant repeatedly lied about its safety record, will be fronted by two ambitious politicians and range over more than five years of the company's communications with shareholders.

The Year in Review: The BP oil spill

Still in deep, deep water
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