BP

Transocean Limited, the company that owned the drilling rig that exploded in the Gulf of Mexico last year, is arguing that its contract with BP shields it from having to pay for the largest offshore spill in the nation's history.

Federal regulators have cited oil company BP PLC and two other companies — Transocean Ltd. and Halliburton — for alleged safety and environmental violations stemming from last year's rig explosion and massive oil spill in the Gulf.

A bill that calls for 80 percent of BP penalties to go toward restoring the Gulf of Mexico has moved onto the full U.S. Senate.

A key federal report blames poor management, key missteps and a faulty cement job by BP and others for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers.

Researchers at Universities in Louisiana, Texas, Florida and Mississippi will be getting over $100 million to study BP's catastrophic oil spill in the Gulf of Mexico.

The Grand Isle Tarpon Rodeo is a tradition and an economic engine for Louisiana's only inhabited barrier island.

(Photo by Mario Tama/Getty Images) BP is arguing that most victims of last year's Gulf oil spill should not get any more payouts for future losses because the hardest-hit areas are recovering and the economy is growing.

A judge has ordered that videos of a deposition by former BP chief Tony Hayward be removed from on-line web sites.

According to newly released documents, former BP chief Tony Hayward fought off accusations that he  tried to prop up the company's falling stock price by using his subordinates' daily media briefings on the Gulf oil spill.

A panel set up to look at how to restore the Gulf from last year's BP oil spill is meeting in Texas on today for the latest of a series of meetings of The Gulf Coast Ecosystem Restoration Task Force.

Angry Louisiana shrimpers gathered at the State Capitol to protest poor BP claims service, low dockside prices and federal interference, that they say all stems from the BP oil spill last year.

Gulf shrimpers will be rallying on the state capitol steps tomorrow to push legislators to urge BP to help restore the industry.

A federal judge is being asked by BP PLC to dismiss most of the court claims filed against the oil giant by individuals and businesses who claim they suffered economic losses from last year's oil spill.

(Photo by Matt Cardy/Getty Images) BP PLC says MOEX Offshore 2007 LLC, its minority partner in the blown-out Deepwater Horizon well, has agreed to pay the British company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico.

BP has announced it will make an advanced payment of one-billion dollars towards restoration projects on the Gulf coast.

On the one year anniversary of the Deepwater Horizon Rig explosion, BP has sued Transocean for $40 billion dollars.

On the first anniversary of the Deepwater Horizon explosion, New Iberia Congressman Jeff Landry has introduced a bill in Congress which would require a rescue vessel to be stationed within 12 miles of offshore drilling platforms.

This morning's edition of The Morning Report included a visit from U.S. Senator David Vitter on the first anniversary of the explosion of the Deepwater Horizon which killed eleven people.  Vitter comments on current events.

Senator David Vitter has filed legislation to expedite funds from BP for recovery from the Gulf oil spill.

As the one-year anniversary of the BP oil spill approaches, two Congressional panels are looking at legislation that would expand offshore drilling.