Oil company has sold assets worth more than $40bn to pay for fines and liabilities from the 2010 Deepwater Horizon oil spill

NEW ORLEANS (AP) — Environmental researchers and BP attorneys sparred Wednesday over the potential effects of the 2010 Gulf oil spill in a trial aimed at determining whether the oil giant should be

BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico

The U.S.

Five years after the Gulf of Mexico disaster, oil company faces a fine of up to $13.7bn as Judge Carl Barbier begins assessment

BP Plc (BP/) faces a maximum fine of $13.7 billion after a U.S. judge ruled that the company dumped 3.2 million barrels of oil into the Gulf of Mexico in 2010 -- about a quarter less than the U.S.

US President Barack Obama's administration unveiled rules on Wednesday to slash methane emissions from oil and gas production by up to 45 per cent from 2012 levels by 2025, its latest move to solid

Fracking companies will be legally bound to reveal the chemicals used to blast gas out of every well they drill and to better monitor for groundwater pollution, under concessions made by the govern

Disaster hit an upmarket housing complex on Durban's outskirts, December 23rd 2014, when more than 200 000 litres of diesel poured out of an underground pipeline.

The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-