Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible ...

The BP oil disaster holds a valuable lesson for investors. June 22, 2010 — -- Investors, take notice. The BP oil spill has taught us once again that no stock is immune from potential disaster. No ...

Today a Louisiana judge accepted the guilty plea of oil giant British Petroleum in connection with the April 2010 explosion of its Deepwater Horizon platform that killed 11 workers, forcing BP to pay ...

Cleanup workers try to scoop up all the toxic globs on Pensacola Beach from the 2010 BP Deepwater Horizon spill. Now BP is back with a new deep water drilling plan. (Photo via Florida Sea Grant) How ...

— -- WASHINGTON—The Justice Department filed its first criminal charges related to the BP oil spill Tuesday, accusing a former company engineer of destroying records requested by prosecutors ...

NEW ORLEANS (AP) -- The man who has overseen the long, complicated job of paying out billions of dollars to the victims of the BP oil spill was relieved of his duties Thursday when a federal court ...

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 ...

BP's 2010 oil spill in the Gulf of Mexico disrupted business all along the coastline. Through the end of July, the oil giant paid more than $13 billion to compensate people, businesses and communities ...

Down along the Gulf coast, the beaches look cleaner, the birds less tar-covered, but the longterm consequences of the BP oil spill are leaving their mark under the ocean's surface. Scientists continue ...

The Deepwater Horizon oil spill seems to divide people into two categories: those who can’t forget, and those who refuse to remember. In the first camp are Gulf Coast residents and environmentalists ...