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Relief Well Drilling Suspended, but Tropical Storm Doesn't Materialize

(Aug. 11) -- A tropical storm warning covering much of the Gulf Coast temporarily halted progress on BP's relief well slated to finish off the Deepwater Horizon disaster, but the tropical depression dissipated this afternoon without causing any trouble for the spill area. BP is conducting pressure tests from a rig...

BP's New Gulf Oil Spill Cap: What's Different This Time?

(July 9) -- Three months and some 86 million gallons of crude later, the Gulf oil spill is finally on the verge of being contained, according to statements today from U.S. Coast Guard Admiral Thad Allen, reports The Associated Press. "Technically it's pretty achievable," Allen said, although he also cautioned that there...

BP Shares Plunge as Company Ups Spill Price Tag

(June 25) -- BP's stock price plunged to a 14-year low today after the crippled giant announced that it has now spent $2.35 billion for the cleanup of America's worst-ever oil spill. That's up by $350 million from Monday. In response to BP's increased tab, shares in the British oil company fell today on London markets....