Discovering Mars, a tantalisingly vast oilfield beneath the waves of the Gulf of Mexico, is petroleum giant Shell's big achievement, and the affordable way to tap its oil riches is a technological marvel in offshore drilling

Several US government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a year before any charges are filed, the Washington Post reported on Wednesday.

Oil spill aside, US energy security will suffer if BP goes under or is significantly reduced in size.

The BP Plc oil spill in the Gulf of Mexico will push up the price of insurance on offshore drilling, said Lloyd

A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in US history. Drilling services shares jumped on the news.

The massive oil spill in the Gulf of Mexico down south is the worst environmental disaster America has ever faced, US President Barack Obama has said. 'This oil spill is the worst environmental disaster America has ever faced. And unlike an earthquake or a hurricane, it is not a single event that does its damage in a matter of minutes or days,' Obama said in his address to the nation.

In the form of non-woven cotton carbon absorbent wipes

Houston: As British Petroleum struggles to contain the oil spill in the Gulf of Mexico, an Indian-origin scientist from Texas University has created a special cotton fabric that can clean up crude oil up to 40 times its weight and help in cleaning efforts.