US accepts Gulf oil spill aid

The US government has accepted offers of help from 12 countries and international organizations..

BP Relied on Cheaper Wells

In recent years, oil giant BP PLC used a well design that has been called "risky" by Congressional investigators...

Pensioner's pick up bill for oil Spill!

After a face-to-face showdown with the President at the White House, BP chairman Carl-Henric Svanberg revealed the payment meant the oil giant would be forced to suspend dividends to its shareholders until at least next year...

Obama vows to make 'reckless' BP pay for oil disaster

U.S. President Barack Obama tonight pledged to do all he could to contain the BP oil spill and help the Gulf Coast recover...

Pelosi: Eliminate $74 million liability limit for economic damages from oil spills

House Speaker Nancy Pelosi says oil companies that cause major spills like the BP spill in the Gulf of Mexico should face unlimited liability for economic damages.