BP

NEW ORLEANS (AP) — BP’s settlement of lawsuits filed by more than 100,000 victims of the worst offshore oil spill in U.S. history goes a long way toward resolving pending claims. But the question remains, will Americans who live along the Gulf of Mexico go for it? SEE ALSO: Meet Obama’s New Birth Certificate Denier […]

A new blowout preventer has been placed atop BP’s problem oil well, a move that should allow crews to drill into the well deep underground and kill it for good in about a week.

BP PLC plans to move ahead with replacing the blowout preventer that sits atop the well that unleashed the Deepwater Horizon oil spill, despite failing in attempts to remove pieces of drill pipe stuck inside the device, the federal oil-spill response chief said Friday.

ORANGE BEACH, Ala. — Sheryl Lindsay’s wedding planner business is on the brink, crumbling with each cancellation over concerns about oil. Brides-to-be are walking away from plans for beachside vows, leaving Lindsay waiting to see whether she’ll be part of BP’s promise to make whole everyone who’s suffered from its spill.

Federal scientists said last week that nearly three-quarters of the oil from the BP oil debacle has been removed by various artificial or natural means, but that the spill’s effect on wildlife will long continue. Filmmaker Spike Lee says that the U.S. government report is a “lie.”

Tuesday might just be the day that the disastrous Gulf oil leak is finally and completely stopped.

From Marketwatch.com: BP’s new chief executive, Robert Dudley, is an industry veteran with wide-ranging qualifications, but it was his American passport as much as his in-depth knowledge of Russia and his green credentials that sealed the deal for the board.

From NYDailyNews.com: BP may have sent its disgraced CEO packing to Russia, but the oil giant softened the blow, giving its bumbling executive $1.6 million for his troubles.

From MarketWatch.com: BP Plc said Monday it will debate the fate of embattled Chief Executive Tony Hayward at a board meeting this evening but stressed that no final decision has been made.

WASHINGTON — BP’s oil spill notoriety is reviving unwelcome attention from Congress on another issue: Whether the oil company sought the release of convicted Lockerbie bomber Abdel Baset al-Megrahi to help get a $900 million exploration agreement with Libya off the ground.

NEW ORLEANS — BP says oil from its broken well has stopped gushing into the Gulf of Mexico for the first time since April.

NEW ORLEANS — After securing a new, tight-fitting cap on top of the leaking well in the Gulf of Mexico, BP prepared Tuesday to begin tests to see if it will hold and stop fresh oil from polluting the waters for the first time in nearly three months.