BP Discovers 'Giant' Oil Field in Gulf

What BP’s giant oil strike means
A vast discovery in the Gulf of Mexico is the latest sign of success in a high-risk, high-reward strategy

BP Discovers ‘Giant’ Oil Field in Gulf of Mexico
The announcement reaffirms the area’s importance to Western oil companies who are increasingly barred from investing in the world’s richest oil prospects.

BP settles with maker of failed blowout preventer
Cameron International, the maker of the Deepwater Horizon blowout preventer that failed to stop last year's massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under...

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