BP downplayed the risks of an oil spill in the Great Australian Bight, and even suggested that cleanup efforts—in case of such a spill—would be a “welcome boost” to the local coastal economies, ...

BP has quit a US$600-million drilling operation in the Great Australian Bight. According to the company’s Australian managing director for exploration and production, Claire Fitzpatrick, the project ...

BP’s Great Australian Bight project involves similar risks to the Deepwater Horizon project. Scrutiny by authorities exposes complacency by BP about an oil spill. Is BP taking need to reduce emissions ...

The mop-up from the catastrophic Deepwater Horizon oil spill in the Gulf of Mexico had just eaten up another $US20 billion ($25bn) of shareholder funds in a major ...

British oil giant BP has written more than $500 million off the value of its Australian business and flagged more to come amid challenging refining conditions and the decision to abandon an onshore ...