BP announces 'giant oil discovery' in Gulf of Mexico
BP PLC announced a giant oil discovery at its Tiber prospect in the deepwater Gulf of Mexico from a well located in Keathley Canyon block 102, approximately 400 kilometres south east of Houston, in 1,259 metres of water.
Energy giant BP sought to spread the blame for the Gulf of Mexico oil spill Wednesday as it defended itself against tens of billions of dollars in potential fines and legal liabilities.