Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at ...

Pressure on boss Murray Auchincloss to deliver returns to investors may finally be easing after a recovery in the share price ...

— -- British energy producer BP on Wednesday reported a "giant" oil discovery in the Gulf of Mexico that's likely to spur more excitement about the region's potential. The well, 250 miles ...

Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

After BP capped the blown-out oil well, Coast Guard Commandant Thad Allen explains what happens next. Sen. Bill Nelson (D-Fla.) says the government could be doing a lot more than it's doing. For ...

The BP oil disaster in the Gulf of Mexico that is starting to wash ashore is only getting sadder by the minute. Some of the most depressing images were broadcast tonight on MSNBC, as Rachel Maddow ...

Initial laboratory and pressure gradient analysis at the Bumerangue discovery indicate a gross hydrocarbon column of around 1 ...

Tropical storm Zeta was poised to turn into a hurricane and pound Mexico's Yucatan Peninsula late on Monday, the U.S. National Hurricane Center (NHC) said, before moving on to the U.S. Gulf coast and ...

--Brent crude oil is down 1.9% to $67.94 a barrel --European benchmark gas is down 1.9% to 32.09 euros a megawatt-hour --Gold futures are up 0.9% to $3,843.50 a troy ounce --LME three-month copper ...

BP has asked U.S. regulators to allow them to resume drilling for oil in the Gulf of Mexico. The request comes less than one year after a huge oil spill on one of the company's rigs caused ...