BP Gains in London as Drilling to Stop Leak Nears Completion

BP Plc rose for a second day as drilling for the relief well that will kill off the Gulf of Mexico oil spill nears completion.

FTSE live: BP, Tullow, Vedanta up

The Nikkei and Hang Seng were both in positive territory, while the FTSE 100 Index lifted 71 points to 4894.5, a gain of around 1.5%.

Obama To Return To The Gulf

President Obama announced Thursday he would return to the Gulf of Mexico, as a mechanical cap that may finally stem the river of BP crude bearing down on the shores of four states was slowly lowered to the seafloor.

James Cameron joins oil slick task force

Movie maker James Cameron has worked to resolve problems, seeking a way to stop the oil spill disaster in the Gulf of Mexico. The "Avatar" and "Titanic" director, deep sea diving pioneer, has reportedly joined the Think Tank meetings held in an attempt to close the gap in exploded Deepwater Horizon Rich.

BP Had Warning Signs Before Gulf Blast: Panel

The paper, with representatives Henry Waxman and Bart Stupak, who was briefed by BP on the development of its internal investigation, also said problems were found in equipment designed to provide reliable protection against a blow out.

A BP investigator gave lawmakers that the fundamental errors may have been made because a lot of pressure on the drill line at 1,400 pounds per square inch (98 kg per cm), was an "indicator of a very great deformity."

Pressure Piles On BP As Gulf Spill Widens

President Barack Obama sent out two ministers to the dirty Gulf Coast Monday to keep the pressure on energy giant BP to plug an underwater oil leaks that threaten an ecological disaster.