London-based BP agrees, pending court approval, to pay $US18.7 billion to compensate the United States government and the five Gulf Coast states--Alabama, Florida, Louisiana, Mississippi and Texas--for damages stemming from the 2010 Gulf of Mexico oil spill. The settlement includes a civil penalty of $US5.5 billion under the Clean Water Act.
Energy company BP announces it is to sell billions worth of assets in Canada, Egypt, Pakistan, United States and Vietnam to part-fund the clean-up cost of the Deepwater Horizon oil spill in the Gulf of Mexico.
BP is set to remove the containment cap over the destroyed Deepwater Horizon oil well in the Gulf of Mexico, and replace it with a bigger cap. Oil and gas will spew unrestricted from the well for an estimated four to seven days until the new cap is in place.
A 2007 memo is released showing that two U.S. Federal agencies, the Fish and Wildlife Service and the Minerals Management Service, underestimated the possibility of a large-scale oil spill from drilling in the Gulf and its effects on Gulf Coast wildlife.
BP sprays more chemicals into the main massive undersea oil leak in the Gulf of Mexico using a deep-sea robot in an attempt to thin the oil which is rushing up from the seabed at the rate of about 210,000 gallons (795,000 liters) per day.