New Orleans District Judge Carl Barbier has ordered BP to abstain from referring to the Gulf Coast Claims Facility (GCCF) and its executive Ken Feinberg as fencesitter.

This year a deep sea oil well spilled millions of gallons of oil into the Gulf of Mexico. Recently, scientists have discovered dead and dying corals near it, said a spokesperson of the Federal Government on Thursday.

A recent research cruise that was ended on Thursday found dead corals. These corals were apparently coated with a brown substance. These scientists found the dying corals while out on an excursion.

On Tuesday, BP PLC reported a 66.5% decrease in net profit for the third quarter, as the Company acquired another $7.66 billion pre-tax charge connected to the Gulf of Mexico oil spill.

The Company although surpassed the forecast made by the analysts in certain main standards.

The Company based in the United Kingdom reported that the net profit for the period of three months was $1.79 billion, as compared to $5.34 billion for the third quarter of previous year.

Royal Dutch Shell PLC and ExxonMobil Corp. have also showed increased twelve-monthly quarterly profits.

British Petroleum is looking to get rid of some of its assets in the Gulf of Mexico. The move by BP would be coming in respect to the cuts made in spending on capital assets and to alter the character of its assets, following the fury faced by BP after the Maconda oil spill.

Besides, being the largest license holder, British Petroleum is also known to be the biggest operator in the Gulf of Mexico region. The Company produces oil from 20 underwater fields.

According to the U.S. Government, work on a relief well has been completed by BP. The well has been permanently sealed and no more oil will leak from it.

The relief well has been dug around 100 feet from the original well and it intersects around 18,000 feet under the surface of the Gulf.

Retired Coast Guard Adm. Thad Allen, who is the Government’s point man on the Gulf oil spill, issued a statement on Thursday mentioning that the two wells have been joined.

On the heels of a meeting with Bob Dudley, BP’s next Chief Executive, one of the analysts at Citigroup reported that British Petroleum (BP) had allocated a budget of $20 billion to cover the compensation claims for the oil spill in the Gulf of Mexico, but, during the meeting, Dudley stated that the claims will be so much less than that.

In addition, according to Citigroup, Dudley said that the overall cost of the crisis was estimated to be $32 billion, but still this number would cover and even exceed the eventual cost.

Rig workers, who went on the Deepwater Horizon to fix the ruptured oil well on the night of April 20, have believed to attain the success in preventing the explosion.

According to an internal investigation report issued by BP this week, the off shore oil spill has killed 11 workers on the site and has created a history in the US.

Yesterday marked yet another trouble and drama day relating to the Gulf of Mexico oil catastrophe.

The 350 tonne in weight and 50 feet high explosion preventer, that should possibly have prevented the blowout that took place in the BP oil well, was taken into possession by authorities in the United States of America.

The retired Coast Guard Commander, Admiral Thad Allen, who had the total charge regarding the operation, said that the preventer would have to be taken into custody and that it would be a part of `proof material' that the joint investigate team required.

According to the federal spill response chief, the malfunctioned blowout preventer present in the Gulf of Mexico to prevent the oil leakage, has been replaced with a new preventer. A failed cement plug has also been changed. The bottom of the well will also be closed by the plug.

The chief also said that there will be no further leakage from the BP in future.

The Oil and Gas industry giant British Petroleum (BP) announced in its report that it is currently well prepared to tackle any situation that would arise later, as some noteworthy lessons have been learnt from the exhausting oil spill.

The report also included information regarding the Company’s operation in the past weeks, after the spill crisis, which erupted in the Gulf of Mexico, was contained.

It’s been more than three months and BP has yet not come up with a response strategy, which should compulsorily have been filed 15 days after the ‘significant change in worst-case scenario’.

This has led to an apparent violation of federal regulations, the lawyers complain as BP has been unsuccessful in updating its oil spill emergency plan in the Gulf of Mexico. The oil spill too was in a way an infringement of federal regulations.

The Department of Labor on Thursday said that BP will be compensating Texas City since it has violated safety norms.

Hilda Solis, the Secretary of Labor, was ready to make an announcement on the fine on Thursday while talking to reporters in a conference.

Spokesperson from BP did not offer to comment anything on the issue.

The Government’s point man for the disaster informed on Tuesday that approaching storm winds compelled the crew members to suspend drilling the last stretch of the well, which was in progress with an aim to permanently shooting an underground plug into BP’s gushing oil well in the Gulf of Mexico.

Thad Allen, Retired Coast Guard Adm., who is the national incident commander for the spill, said that this halt in work could mean a postponement in the function of this work for another two to three days, hampering the completion process of the relief work.

Troubled oil giant BP has been given approval late Wednesday to pump cement down the pipes into its ruptured well in the Gulf of Mexico, which is expected to put a permanent end to the three-month-old environmental disaster.

National Incident Commander Thad Allen gave approval after the successful completion of a heavy mud injection under operation called “static kill”.

After waiting for more than a week to ensure that the pressure inside the well has stabilised, engineers at British Petroleum started sealing the cap of the well in the Gulf of Mexico, on Tuesday, by injecting mud and cement through the gusher. This procedure, known as `the static kill', is planned to take around 30-70 hours to fully achieve the required results, which does not only encompass putting a lid on the oil leak crisis, but also encompass culminating the furious public.