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.

Norway attacks Shell for near spill

Norway's oil-safety watchdog criticised Shell yesterday for an oil-well incident it said had the potential for a major accident and could have caused a leak.

BP partner pays toward spill claims

BP today clawed back 1.1 billion US dollars (£677 million) from one of its partners on the Deepwater Horizon rig to cover claims related to the Gulf of Mexico oil disaster.

Leading article: The Arctic no place for oil companies

The collapse of BP's deal to explore the Arctic sea for oil is deeply humiliating for the giant oil corporation. It was only in January that BP, with a great fanfare, announced the deal with Rosneft, the Kremlin-backed Russian oil company. The tie-up was supposed to rebuild BP's reputation after the disaster of the Deepwater Horizon explosion in the Gulf of Mexico last year which has cost the company $41bn so far. That much-vaunted strategy is now in tatters.

Portfolio: Edward Burtynsky

Oil on troubled waters

The worst is yet to come from the mighty Mississippi

The flood is expected to crest next Thursday at Vicksburg, where the Mississippi and Yazoo rivers meet, at a level easily higher than in the Great Flood of 1927

BP fined $25m over Alaska oil spill

BP has agreed to pay a $25m (£15m) civil penalty plus interest to settle a federal investigation into a 2006 pipeline oil spill on Alaska's North Slope, according to court papers filed yesterday.

BP plans return to Gulf of Mexico as spill costs continue to hit profits

BP hopes to resume drilling in the Gulf of Mexico later this year it emerged yesterday, as the company revealed that last year's devastating spill continues to drag on profits.

Blizzard of lawsuits to fix blame over BP spill

The $40bn claim against Transocean corresponds to the $40.9bn in provisions that BP has made to cover the response costs and the compensation trust fund

Deepwater Horizon: This was no Armageddon

When BP's Deepwater Horizon exploded last April, the world feared the worst. But it has not come to pass, says David Usborne, and what's more, money is proving a more corrosive force than the oil

Investors receive a boost as payouts soar to £15bn

Payouts by UK companies soared to £15bn in the first three months of the year, rising by 10.3 per cent compared to the first quarter of 2010. It was the fastest quarterly growth rate since the third quarter of 2008.

BP's 'scapegoat' strikes it rich with Rothschild & Co

Year on from oil spill, ex-boss is in the money

BP fights on for Rosneft deal as TNK talks end

BP secured a last-minute extension to its $10bn (£6bn) tie-up with Rosneft yesterday, as the oil giant faced down environmental protesters and shareholder rebellion at its annual general meeting.

BP executives brace for a stormy meeting with shareholders

Scores of people plan to protest today at the oil firm's AGM

The men set to become billionaires. But who are they?

It has been called the biggest company you've never heard of, and this highly secretive business is about to make its partners some of the richest people on the planet.

Tribunal blocks BP plan for Rosneft share-swap

British oil giant to seek compromise deal with Russian partners
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