BP shuffles top executives

BP's new chief executive, Bob Dudley, has ousted the company's chief of exploration and production in the wake of the massive oil spill in the Gulf of Mexico and divided his responsibilities among three other BP executives. Dudley, an American who formally takes over the London-based oil giant Friday, also said he would elevate the company's safety chief, Mark Bly, the author of the recent report on the Macondo well blowout, and give him broader...

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BP, 8 other firms sued by Justice Dept. over gulf oil spill

The Justice Department sued BP and eight other companies Wednesday over the Gulf of Mexico oil disaster, the federal government's first legal filing in its broad investigation of the worst oil spill in U.S. history. The lawsuit accuses BP and other firms of violating federal regulations and failing to prevent the April 20 explosion and fire, which destroyed the Deepwater Horizon offshore drilling rig. It seeks civil penalties under the Clean Water...

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