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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Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
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
Front National family feud? Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks

Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Woman who was sent to three Nazi death camps describes how she escaped the gas chamber

Auschwitz liberation 70th anniversary

Woman sent to three Nazi death camps describes surviving gas chamber
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy