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.

Cairn hit by Greenland well disappointment

Investors in Cairn Energy were left disappointed yesterday after the oil prospector said a well drilled as part of its controversial Greenland exploration campaign had come up dry.

Shell admits liability for huge oil spills in Niger delta

Oil company Shell could be forced to pay hundreds of millions of dollars after accepting responsibility for two devastating oil spills in Nigeria's Ogoniland region.

David Prosser: When Cairn took on the polar bears

Outlook Having seen what happened to BP in the wake of the Deepwater Horizon disaster, one can understand why Cairn Energy might feel a little edgy about the protests against its drilling for oil in the Arctic Ocean off the coast of Greenland. But if an oil company were to write a masterplan for setting itself up as a big bad bogey figure, the way Cairn is behaving in its continuing dispute with Greenpeace would surely provide the blueprint.

Court order against Cairn protesters

Cairn Energy, the oil prospector whose Edinburgh offices were targeted by Greenpeace activists dressed up as polar bears on Monday, has been granted a court order to prevent a repeat of the incident.

River oil-spill danger 'is over'

The danger of more oil leaking from Exxon Mobil Corp's ruptured pipeline in Montana has ended, the US Environmental Protection Agency (EPA) said.

BP reports Alaskan leak

BP has reported another pipe- line leak at its Alaskan oilfields, frustrating the oil giant's attempts to rebuild its reputation after the Gulf of Mexico oil spill.

Greenpeace activists occupy Cairn Energy

More than 60 Greenpeace activists, around half of whom were dressed as polar bears, entered and staged a protest at the Edinburgh headquarters of FTSE 100-listed Cairn Energy yesterday, demanding that the oil and gas prospector publish plans detailing how it would respond in the event of an oil spill at its Arctic operations off the Greenland coast.

BP prepares to apply for return to Gulf of Mexico

BP has written to the US regulator setting out new deepwater drilling standards based on lessons learned from last year's fatal Deepwater Horizon disaster

Tony Hayward to advise Numis

Tony Hayward, the former head of BP who was forced to depart in the wake of the Gulf of Mexico spill, has joined the new advisory board at Numis, the City investment banking and broking firm.

Spike Lee may direct Oldboy remake

Spike Lee is in negotiations to direct a remake of 'Oldboy'.

Locals doubt Exxon claim on Yellowstone oil spill's impact

The oil company Exxon Mobil faced a mixture of scepticism and outright hostility yesterday after its president claimed that no wildlife had been harmed in an accident which saw an estimated 1,000 barrels of crude oil spilled directly into one of the most scenic waterways in the American West.

Disaster rig owners blame BP

The owner of the rig that exploded in the Gulf of Mexico last year has largely blamed oil giant BP for the disaster.

BP disaster boss Tony Hayward back in the market

Former BP boss Tony Hayward aims to raise around £1billion with a June listing of an acquisition vehicle that will target oil assets.

Greenpeace activists stage oil rig protest

Environmental activists managed to get on board an oil exploration rig in Arctic waters today as part of an ongoing protest against drilling.

Greenpeace activists scale Scottish oil rig off Greenland

Three Greenpeace activists yesterday climbed up an oil rig off Greenland's coast in an attempt to stop a Scottish oil company from starting deepwater drilling in arctic waters, the environmental group said.

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