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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Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system
Valentine's Day cards: 5 best online card shops

Don't leave it to the petrol station: The best online card shops for Valentine's Day

Can't find a card you like on the high street? Try one of these sites for individual, personalised options, whatever your taste
Diego Costa: Devil in blue who upsets defences is a reminder of what Liverpool have lost

Devil in blue Costa is a reminder of what Liverpool have lost

The Reds are desperately missing Luis Suarez, says Ian Herbert
Ashley Giles: 'I'll watch England – but not as a fan'

Ashley Giles: 'I'll watch England – but not as a fan'

Former one-day coach says he will ‘observe’ their World Cup games – but ‘won’t be jumping up and down’
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness