BP

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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.

BP to launch internal investigation over Gulf oil spill

BP to launch internal investigation over Gulf oil spill

The oil giant BP has decided to launch an investigation for the Gulf of Mexico oil spill which has been the largest environmental disaster in the history of US. It also caused a huge loss to the British oil giant making the largest loss for any British company ever.

BP to come out findings about the Gulf oil spill

BP to come out findings about the Gulf oil spill

The oil giant that has been pushed down because of the oil spill in the Gulf region, BP, is expected to come out with a report about the findings of an internal investigation that the company had.

The oil spill costs rose up to 8 billion dollars for BP

The oil spill costs rose up to 8 billion dollars for BP

According to the oil giant BP, the costs of the oil spill in the Gulf of Mexico have risen to 8 billion dollars and it rose more than 2 billion dollars in the last month alone.

The company has also said that it had paid around 399 million dollars as the compensation claims to the people and organizations affected by the huge oil spill.

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