BP

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New CEO of BP rearranges top executives

Bob Dudley

Bob Dudley the newly appointed chief executive of BP has sacked the firm's chief of production and exploration after the incident of the huge oil spill in the Gulf of Mexico.

Dudley assigned three BP executives to share the ousted executive's responsibilities amongst them.

Questions about the Oil Spill Still Unanswered

Thad Allen

There is a probability that laying the entire burden of cleanup on the Company, which is responsible for an oil spill, will create a potential conflict of interest, says Coast Guard Admiral Thad Allen, President Obama's point man in the Gulf of Mexico.

BP formulating its own estimates of Gulf of Mexico oil spill

BP formulating its own estimates of Gulf of Mexico oil spill

Oil giant BP is fully aware of the fact that the amount of fine to be levied by the US government, for the infamous Gulf of Mexico oil spill, will largely depend on the quantity of oil spilled. As such, the company is getting ready for the legal scuffle with the US government over the fines, and is working on formulating its own estimates of how much oil spewed from its ruptured well.

Deepwater Horizon Disaster Cost BP $10bn

Deepwater Horizon Disaster Cost BP $10bn

The cost that BP has had to pay up to now for the Deepwater Horizon catastrophe has struck $10bn.

The containing and cleaning process of the gigantic oil spill has hit almost $10bn, after the Government of the United States announced that spill well had at last been plugged, which is five months after the blast occurred in the oil well.

BP's Well Plugged Safely, but The Gulf Will Take Years to Get out of The Crisis

BP's Well Plugged Safely, but The Gulf Will Take Years to Get out of The Crisis

With a thick seal of cement capping the BP's troubled well, the move has led the Government officers to heave a sigh of relief.

But it is not certain that the problems, which emanated from the worst oil spill, have come to an end as yet.

BP: Macondo Poses No Danger

BP: Macondo Poses No Danger

On Friday, Retired Coast Guard Admiral, Thad W. Allen, stated that the relief well which was placed more than 17,000 feet below the floor of the Gulf of Mexico, has finally reached the Macondo oil well, which is owned by British Petroleum. As a result, the oil well is now secured and, Allen added, with not a shred of doubt, the well is secured and there are no traces of oil discharge.

Two-Inch Thick Oily Layer Formed in the Ocean due to BP Oil Spill

Two-Inch Thick Oily Layer Formed in the Ocean due to BP Oil Spill

Tony Hayward, who is the departing boss, has been asked to give explanation regarding the Gulf of Mexico oil spill.

BP Accuses Business Partners for Explosion

BP Accuses Business Partners for Explosion

BP has blamed business partners that it is still doing business with, regarding the underwater explosions that took place in the Gulf of Mexico. The accusations have been made by BP on Halliburton and Transocean.

BP Officials to be Questioned by the Parliament regarding Oil Spill

BP Officials to be Questioned by the Parliament regarding Oil Spill

Tony Hayward, CEO, BP would be facing the MPs of the British Parliament regarding investigations into the BP oil spill at the Gulf of Mexico. The politicians would also question the Head of BP regarding risks involved with deep water drilling in the North Sea.

BP has started the blame game over the oil spill issue

BP has started the blame game over the oil spill issue

The oil giant BP has said there are so many companies to be blamed for the Gulf of Mexico oil spill as every company had their role to play over the spill.

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