BP

Possible seabed seepage emerges as the next worry

Oil giant to acquire US biofuel operations in $98m deal

Gush of oil stopped for the first time in three months – but Obama administration warns cap might only be a temporary fix

House of Representatives committee passes bill that would bar BP from obtaining new offshore oil and gas exploration leases for up to seven years

Government officials insist "additional analysis" is required before testing can get underway

BP shares rise as testing begins on new containment cap

Share price rises almost seven per cent as speculation mounts over asset sales and possible takeover bid

But Interior Department signals that a fresh embargo will soon be imposed

US shareholders have filed more than 100 climate and energy-related resolutions this year

Appeal hearing scheduled for later today as administration attempts to reimpose ban on deepwater oil drilling