03.08.2010

BP Poised To Deliver Death Blow To Gulf Well

BP prepared on Monday to deliver the first of two blows it hopes will "kill" its oil well in the Gulf of Mexico, 105 days since the start of a leak that led to the U.S. environmental disaster. The White House said it was "cautiously monitoring" the situation as BP engineers, mindful of previous setbacks to permanently seal the well, conducted final tests. more02.08.2010

Developments In The Gulf Of Mexico Oil Spill

Here are some developments in BP's Gulf of Mexico oil spill, the largest offshore oil disaster in U.S. history. more27.07.2010

BP Launches Image Overhaul, Ditches CEO

BP's newly named chief executive on Tuesday called the Gulf oil spill a "wake-up call" for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as CEO on Oct. 1, said safety would be among his highest priorities as he tries to refurbish the oil company's battered reputation. His image repair task may have become even tougher after BP said it would offset the cost of the spill against its taxes, costing U.S. taxpayers almost $10 billion. more22.07.2010

BP Denies CEO Leaving

BP denied a report its embattled chief executive would leave soon as the company lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history. CEO Tony Hayward, who has been heavily criticized for his handling of the disaster, had the full support of the board and would stay in office, a BP spokesman said, dismissing a report in the Times that he would step down within the next 10 weeks. more