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– $12bn. A disastrous year for the oil giant – largely because of the Gulf of Mexico oil spill and Tony Hayward's subsequent departure – has led to a fall of 30 places to 64th in the list.

Glencore brings in ousted BP boss Tony Hayward as interim chairman

Sir John Bond was today ejected as chairman of FTSE 100 mining giant Glencore Xstrata, only minutes before he was due to run its first annual meeting following the $67 billion (£44 billion) merger.

Halliburton takes a hit of $1bn to settle Gulf oil spill claims

Halliburton is in talks to settle private claims against it in a trial to decide how to allocate blame for the 2010 Gulf of Mexico spill, the US oilfield services giant said yesterday as it took a $1bn (£656m) pre-tax charge for a possible deal.

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.

Water World: David Maisel’s Lake Project

Photography review: Landmark, the Fields of Photography - Planet Earth in all its glory and the macabre beauty of desecration

In a show of exuberant generosity and breadth, images of natural beauty and brutal destruction jostle with Flickr fun

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.

Friends of the Earth activists hold a banner outside the court in The Hague

Court finds Royal Dutch Shell subsidiary partly responsible for a case of oil pollution in the Niger Delta

A Dutch court has found a subsidiary of Royal Dutch Shell partly responsible for a case of oil pollution in the Niger Delta - a ruling hailed as a small but important step in holding multinational oil companies to account for environmental damage.

Models at the James Long catwalk show at the Hospital Club, London

James Long: Divine inspiration

It was a case of Divine inspiration for James Long's autumn/winter collection, quite literally as the drag performer's portrait graced an intarsia knit jumper - hand crafted by Long's own mother.

WATCH: Oil flows wrong way in brain-twisting illusion

Can any physicist readers work out what's going on here? SWAMP, an artistic duo, have created an installation called 'Supermajor' - video above - in which oil is clearly pouring out of a vintage can, puddling onto a table below, but looks like it's in fact climbing up from the puddle back into the can. We're completely stumped...

The drilling unit Kulluk ran aground near Alaska

Shell oil drilling platform stranded in sensitive Arctic region

The multinational oil giant Shell is facing fresh criticism of its Arctic offshore oil drilling programme, after one of its platforms was left stranded in an environmentally sensitive area of the Alaskan coast.

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.

US bans BP from new Government work over Deepwater Horizon disaster

Oil giant BP has been suspended from new contracts with the US government because of the way it handled the Gulf rig disaster.

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.             

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.

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