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 agrees to pay out $4.5bn settlement for Gulf oil spill

BP has agreed to cough up $4.5bn (£2.8bn) in penalties and plead guilty to no less than 14 counts of criminal misconduct in the Deepwater Horizon oil spill. Last night it was also reported that two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading Congress.

Oil is burned off the surface of the water near the source of the Deepwater Horizon spill in the Gulf of Mexico off the coast of Louisiana, in 2010

BP to pay $4.5bn fine for Gulf of Mexico oil spill

BP has agreed to pay $4.5 billion in penalties and plead guilty to 14 counts of criminal misconduct over the Deepwater Horizon oil spill in the Gulf of Mexico two years ago.

BP hikes dividend as profits rise

Shares in BP soared by more than 4 per cent yesterday after the oil giant unveiled a better-than-expected third-quarter profit and hiked its dividend by 12.5 per cent to $0.09.

Tom Bawden: Relief at end of TNK-BP relationship from which both partners were desperate to escape

Anyone who has been following the TNK-BP Russian joint venture can only conclude that the two partners desperately needed a divorce.

Rosneft offers BP $28bn for its half of Russian venture

Rosneft circled in on TNK-BP yesterday as the state-owned oil giant tabled a bid of about $28bn (£17.5bn) for BP's half of the Russian joint venture – just two days after offering the same amount for the other 50 per cent.

BP receives $28bn offer from Rosneft for Russian venture

State-controlled oil giant makes bid to take over TNK-BP

Rosneft's TNK-BP takeover set to create biggest oil firm

Rosneft was on course to buy both halves of the TNK-BP Russian joint venture for an estimated $56bn (£35bn) last night after holding audacious overlapping takeover talks with the owners, BP and the AAR consortium.

Rosneft takeover of TNK-BP set to create biggest oil firm

BP to get stake in Russian giant with access to massive oil reserves in Arctic

Marathon takes over running of troubled refinery after BP sells up

The oil giant BP has sold its troubled Texas City oil refinery for $2.5bn (£1.6bn) to United States firm Marathon Petroleum.

BP sells off troubled refinery in US to help defray Deepwater costs

BP has sold its troubled Texas City oil refinery for $2.5bn (£1.5bn) to the US company Marathon Petroleum.

Album: Mama Rosin Bye Bye Bayou Moi J'Connais bbbb

Young Cajun garage-rockers Mama Rosin have found their perfect producer in Jon Spencer: an alliance of primitivist spirits keen to keep a roots music-form out of the museum, much as with Spencer's earlier work with bluesman RL Burnside.

Market Report: Erotica boom keeps WH Smith sizzling

Investors really must be keen on giant bars of Dairy Milk for £1. The newspapers-to-stationery seller WH Smith, up 15.5p to 597.5p, got investors excited with a pre-close trading update that revealed it expects to reach profit of £100m for the first time in more than a decade. Shares hit an all-time high yesterday, so its strategy of selling bottles of water and magazines to captive audiences in train stations and airports has paid off.

BP to sell American refinery

BP continued its giant sell-off after agreeing to dispose of its Carson refinery in California to America's Tesoro for $2.5bn (£1.6bn) yesterday.

Refinery sell-off raises $2.5bn towards BP's Gulf of Mexico spill bill

BP continued its giant sell-off after agreeing to dispose of its Carson refinery in California to America's Tesoro for $2.5bn (£1.6bn) yesterday.

BP profits dive in wake of $5bn writedowns

BP booked an extra $5bn (£3.2bn) in writedowns yesterday as profits slumped and the bill for the Gulf of Mexico oil spill spiralled higher.

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