BP has agreed to settle claims from thousands of fishermen who lost work and others who said they were harmed by the oil giant’s 2010 Gulf of Mexico disaster, the worst offshore oil spill in US history.

The under-pressure boss of BP today insisted the beleaguered oil giant had reached a “turning point” despite production falling as it continues to sell off billions of dollars worth of assets in the wake of last year’s Gulf of Mexico oil disaster.

BP boss Bob Dudley said today that the embattled oil giant had reached a “definite turning point” following last year’s Gulf of Mexico disaster as he revealed a boost to third-quarter profits.

FIFA boss Sepp Blatter has been named the 'biggest villain' of the past decade, ahead of figures such as Simon Cowell and Tiger Woods.

Former BP boss Tony Hayward launched a £1bn fundraising today as part of a high-profile return to the oil and gas sector.

BP revealed a drop in quarterly profits today as the impact of the Deepwater Horizon disaster a year ago continues to hit the embattled oil giant.

BP faced protests from angry fishermen and disgruntled shareholders at its first annual general meeting since the devastating oil spill in the Gulf of Mexico.

A number of protesters were ejected from BP’s Annual General Meeting today after attempting to storm the stage.

Oil giant BP is expected to face further shareholder ire at its annual general meeting over “wholly unacceptable” boardroom pay packets awarded in the wake of the Gulf of Mexico oil disaster.

OIL giant BP is expected to face further shareholder ire at its annual general meeting over “wholly unacceptable” boardroom pay packets awarded in the wake of the Gulf of Mexico oil disaster.

Oil giant BP is facing a wave of protests as it holds its annual general meeting in London days before the first anniversary of the Gulf of Mexico disaster.

OIL giant BP plans to restart deepwater drilling in the Gulf of Mexico this summer just a year after the Deepwater Horizon explosion that sparked the worst oil spill in history.

BP shares came under pressure today as it was reported that staff at the beleaguered oil giant could face manslaughter charges over the Gulf of Mexico oil spill.

BP is blocking bonuses to executives who were responsible for operations in the Gulf of Mexico during last year’s disastrous well blowout.

BP has not paid its chief executive a bonus in the wake of the Gulf of Mexico oil spill, its annual report revealed today, but two senior directors will receive combined payouts worth nearly £700,000 (€817,117) on top of their regular salaries.

BRITAIN’S previous government did “all it could” to help Libya win the release of the only man convicted of the Pan Am bombing in Scotland in 1988, though it insisted the decision was made entirely by Scottish officials, Britain’s senior civil servant said yesterday.

Tony Hayward, the former BP chief executive who stepped down in the wake of the Deepwater Horizon explosion, is in talks to launch a new global oil company, according to press reports.

BP's former boss today admitted the group's oil spill contingency plans were "inadequate" and said it was unprepared for the media "feeding frenzy" after the Gulf of Mexico disaster.

The presidential commission investigating the BP Gulf oil spill today challenged claims made in Congress that the oil company and others sacrificed safety to cuts cost.

Royal Dutch Shell today said its profits jumped in the third quarter after it benefited from higher oil prices and a 5% rise in production.

BP will not end operations in the United States over the Gulf of Mexico oil disaster that had “threatened the very existence” of the energy giant, its new chief executive Bob Dudley said in London yesterday.

BP informed a US federal judge that the company is waiving a $75m (€54m) cap on its liability for certain economic damage claims spawned by the massive Gulf oil spill.

BP is reported to be in talks with China's third-largest oil company over the sale of its Argentinian business for £6.3bn (€7.2bn).

THE clean-up bill for the Gulf of Mexico oil spill has risen to $11.2 billion (€8.15bn), BP said yesterday as new boss Bob Dudley officially took up the reins from Tony Hayward.

BP led a fresh rally for the FTSE 100 Index today as higher oil prices and the potential resumption of dividend payments cheered investors.

The clean-up bill for the Gulf of Mexico oil spill has risen to $11.2bn, BP said today as new boss Bob Dudley officially takes up the reins.

BP’S incoming chief executive fired the executive responsible for deep water wells like the one that blew out in the Gulf of Mexico and announced a new unit to police safety practices throughout the company.

The London market fell into the red today in the face of deepening concerns over a European debt crisis, with the banking sector bearing the brunt of the pressure.

A review of US government records found no information about BP seeking to secure the release of the Lockerbie bomber, a State Department official said today.

BP outperformed its oil rivals in the FTSE 100 Index today after incoming chief executive Bob Dudley announced a raft of measures aimed at rebuilding the shaken company.

BP’s incoming chief executive took the first steps in rebuilding shattered confidence in the group today as he announced plans for a new safety division with “sweeping powers”.

The well is dead. Finally.

A relief well drilled nearly 2.5 miles under the floor of the Gulf of Mexico has intersected BP’s blown-out well, a prelude to plugging it once and for all, the US government said.

Embattled BP boss Tony Hayward defended the firm’s safety record tonight as he was grilled by a committee of MPs over the implications of the Gulf of Mexico oil spill.

The US government’s incident commander for the Gulf of Mexico oil spill said today that BP’s blown-out well is expected to be permanently sealed and declared dead by Sunday, nearly five months after a rig explosion set off the disaster.

BP's investigation into the Gulf of Mexico spill sparked a backlash from its contractors and US politicians who accused the oil giant of attempting to shift some of the blame.

BP has blamed itself, other companies’ workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.

A “complex and interlinked” series of events involving mechanical failures and human judgments led to the Gulf of Mexico oil disaster, a report by oil giant BP said today.

BP will today publish the findings of an investigation into the causes of the Gulf of Mexico oil disaster which led to the largest offshore spill in history.

The ruptured well which pumped almost five million barrels of oil into the Gulf of Mexico has been secured and no longer constitutes a threat, it was confirmed tonight.

Oil giant BP will reveal it has spent more than €1m (€785,000) a week on television and radio advertising since the oil explosion in the Gulf of Mexico, it was reported today.

Frustrated Gulf oil spill investigators in the US lashed out at BP over its refusal to explain who was in charge of safety at the Deepwater Horizon rig.

THE outgoing chief executive of BP has refused US officials’ requests to appear at a hearing next month on the release of the Libyan man convicted of bombing Pan Am Flight 103 over Lockerbie.

BP ignored the concerns of its contractor over the cementing of the Deepwater Horizon well shortly before it ruptured, a US hearing was told.