Beleaguered  oil major BP Plc’s chief executive Tony Hayward will step down on 1 October and will be replaced by fellow executive Robert Dudley. Dudley is currently incharge of clean up operations at the Gulf of ...

BP plans to push back against a request from the US government for advance notice of any asset sales or other large transactions in the wake of the oil spill. A person with knowledge of BP’s thinking ...

BP’s management’s plan to bring in strategic investor to ensure company doesn’t fall pray to predatory takeover bids while company’s massive oil spill in Gulf of Mexico spread to Texas.  However company’s top shareholders are wary ...

It seems BP and US govt. are heading for showdown over the issue of compensation to the workers who lost wages due to moratorium imposed by the US government on exploration activities in the Gulf of ...

“Insurance costs are going to go up exponentially around the world. We anticipate that our insurance premium next year will rise exponentially,” ONGC CMD R S Sharma said. ONGC had brought down the insurance premium for its ...

EB Bureau State owned oil and gas behemoth ONGC’s CMD R.S. Sharma said,  oil spill in gulf of Mexico from BP owned field is going to prove a game changer event for entire exploration and production industry ...

State-owned ONGC is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna Godavari basin gas block. “We are looking at exploration firms with ...

The top excutive of oil major BP Plc and service providers Transocean Ltd. and Halliburton Co. facing the wrath of US lawmakers over oil slick in the gulf of mexico due to rupture in the oil ...

Sets aside dome solution as crystalised gas build up forced engineers to place the dome over the rupture ...

Onshore preparations are being launched by BP as the next phase of its effort to contain and clean up the Gulf of Mexico oil spill,in case spilled oil should reach the coast. ...