The April 20 explosion on an oil rig in the Gulf of Mexico that caused the largest environmental disaster in US history occurred because every single defense on the rig named Deepwater Horizon failed, The New ...

Oil supermajor BP announced a major gas discovery in Egyptian delta, 80 kilometres northwest of the Alexandria. The well, which was drilled by Pride’s North America semi-submersible drilling rig, was drilled to a depth of 6350 metres, ...

We will work jointly with PetroVietnam. We understand they have sold their stake to one of their affiliates after that we have asked ONGC Videsh (OVL) to get in touch with PetroVietnam,” said petroleum secretary S ...

BP chairman Carl-Henric Svanberg and CEO Robert Dudley will meet Mukesh Ambani and other RIL executives on October 4 ...

BP plans to make its underwater well containment equipment available to all oil and gas companies operating in the Gulf of Mexico ...

British oil company, BP, has completed well kill operations on the MC252 well in the Gulf of Mexico, with both the casing and annulus of the well sealed by cement ...

BP has said that after the cementing operations in the Gulf of Mexico were completed on the well on 5 August, and pressure testing indicated there is an effective cement plug in the casing. Operations are ...

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 ...