Gulf of mexico

BP still in the red but recovery in crude prices provides end-of-year boost

OIL giant BP remained in the red with losses of $999 million (£803 million) in 2016, but revealed a year-end boost as crude prices bounced back.

BP puts a $61.6bn (£46bn) price tag on Gulf of Mexico oil spill

Oil giant BP has put a 61.6 billion-dollar (£46bn) final price tag on its catastrophic Gulf of Mexico oil spill cost the company.

By Cain Burdeau

Judge approves $20bn settlement over BP Gulf of Mexico oil spill

A federal judge in New Orleans has granted final approval to an estimated $20 billion (£14bn) settlement over the 2010 BP oil spill in the Gulf of Mexico.

By Staff Reporter