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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.
2015-07-2

The Obama administration launches legal action against BP and its partners to recover the cost of cleaning up the Deepwater Horizon oil spill.
2010-12-15

BP is to sell assets worth an estimated $1.8 billion as part of series of sales to help pay for damages caused by the explosion on its Deepwater Horizon rig in April, which killed 11 workers and spilled more than 200 million gallons of crude oil into the Gulf of Mexico.
2010-10-18

Transocean, the company that leased the Deepwater Horizon oil rig, accuses BP of covering up data about the explosion and subsequent oil spill.
2010-09-16

BP warns the United States Congress that it might not be able to pay compensation for the Deepwater Horizon oil spill if it is barred from getting new offshore drilling permits.
2010-09-2

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.
2010-07-21

United States Coast Guard Admiral Thad Allen, the US government's response manager to the Gulf of Mexico oil disaster says that BP is making progress stopping the oil flow, but that it is too early to call the effort a success and the spill may continue for several months.
2010-06-6

Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots as fresh evidence that the leak from the broken undersea well could be substantially worse than estimates that the United States government and BP have given.
2010-05-16

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.
2010-05-10

BP's containment chamber fails, prolonging the Gulf of Mexico oil spill.
2010-05-9