Mexico

Shares in BP were up on the FTSE 100 ahead of a report in which the oil giant is expected to take some responsibility for the disaster at the Deepwater Horizon oil rig and the oil spill that followed in the Gulf of Mexico.

Shares in BP were up on the FTSE 100 after the oil giant said that the cost of the oil spill in the Gulf of Mexico had risen by over $2 billion from last month to $8 billion.

An oil platform in the Gulf of Mexico has suffered an explosion just five months after an explosion at BP's Deepwater Horizon rig led to a massive oil spill which cost the company billions of dollars and its CEO.

Shares in BP were up in morning trading on the FTSE 100 as oil prices rose and the group said that it had effectively plugged the oil leak at the Macondo oil well in the Gulf of Mexico.

BP shares stopped their early declines on the FTSE 100 today after it was announced that BP has successfully prevented the oil well from leaking, around three months and five million barrels of oil after the explosion which ruptured the Macondo well, and sent oil streaming into the Gulf of Mexico.

Shares in BP rose on the FTSE 100 in afternoon trading following the oil giant's announcement that it had agreed to sell its oil and gas production and transportation business in Colombia, the BP Exploration Company (Columbia) (BPXC).

Shares in Royal Dutch Shell were up in morning trading on the FTSE 100 after the group said it had nearly doubled its earnings in the second quarter of the year.

Along with one of the biggest write-downs in British corporate history, BP announced on Tuesday 27 July 2010, that its Chief Executive Officer, Tony Hayward, is to step down on 01 October. He will be replaced as CEO by Executive Director and the company's current head of US operations, Robert Dudley.

Shares in BP were down on the FTSE 100 in morning trading as the scale of the energy giants losses started to sink in with investors.

Greenpeace protestors descended upon BP petrol stations bearing signs and placards today in response to the news that the energy group would be replacing its CEO Tony Hayward with Robert Dudley, following months of controversy and criticism over his response to the ecological disaster caused by the oil spill in the Gulf of Mexico.

Troubled energy giant BP has announced that it made a loss of over $17 billion in the second quarter of the year, thanks to the disastrous impact of the oil spill in the Gulf of Mexico, which started in April and has confirmed that CEO Tony Hayward will be stepping down in October.

Shares in BP were down on the FTSE 100 in afternoon trading as BPs attempts to deal with a catastrophic oil leak look like being hampered by a tropical storm gathering in the Bahamas.

Shares in BP were up in afternoon trading on the FTSE 100 despite coming under fire for posting doctored pictures relating to the oil spill in the Gulf of Mexico on its website.

Oil company, BP's shares are rising on the FTSE 100 today after agreeing asset sales worth $7 billion to the company to Apache Corp - an upstream oil company that develops resources for sale.

Now however BP faces yet more attacks as U.S. legislators are looking not just at BP's safety precautions in the Gulf of Mexico, but at the possibility that the company may have lobbied for the release of Abdelbaset Ali al-Megrahi, the man convicted of killing 270 people with the bombing of Pan Am flight 103 in 1988. Of the 270 victims 190 were from the U.S.

Shares in British banks were down on the FTSE 100 as U.S. bank JP Morgan reported weaknesses in its investment banking arm.

Argentina has made it legal for homosexual partners to marry each other, despite the issue generating significant controversy.

For all but the Spanish and the Dutch the World Cup is now over, but for those who have still not had enough of football there is always the chance for some virtual glory by leading their team of choice to victory on the Nintendo Wii.

Shares in BP continued rising on the FTSE 100 today after increased speculation that the oil giant is seeking support from sovereign wealth funds to save it from a takeover, as it deals with the disastrous oil spill in the Gulf of Mexico.

Shares in BP were up nearly five per cent on the FTSE 100 in afternoon trading after reports of Middle Eastern interest in a substantial stake in the company started doing the rounds.

Britain's largest company, BP, is the world's third largest oil major, a global energy firm the main products of which are oil, natural gas and alternative fuels. Its 2009 revenues of just over $246 billion exceed the GDP of Finland and it employs over 80,000 people. The company's headquarters is in London, its American base is in Houston, Texas and it is listed on both the London and New York Stock Exchanges with British and American shareholders each accounting for some 40 percent o...

A full statement of Chief Executive of BP, Tony Hayward's testimony in front of Congress.

BP Chief Executive Tony Hayward has apologised to a US subcommittee after a BP oil leak starting April 20 has caused untold damages to the Gulf of Mexico and its communities.

BP shares have closed down 9.25 pct today after the board of BP met to discuss the growing bill from the oil costs.

Private investors are flocking to BP according to TD Waterhouse as shares in the company have plummeted with buys now outnumbering sells four to one.