BP has said it will scale back capital spending for the year by about $7 billion
This assumption also means the relative price of oil will not necessarily increase over time
BP in $20bn settlement over oil spill; Trans-Pacific Partnership trade treaty signed off; Microsoft is planning a raft of announcements today
The Department of Justice approved the deal on Monday and said it was an 'historic settlement'
The British oil major will drill around 300 wells over 15 years to produce about a third of Oman’s total daily domestic gas supply
BP has won a key court victory in the US that will limit the amount of compensation the oil giant will have to pay following the Gulf of Mexico oil spill in 2010.
The ‘low hanging fruit’ of government assets considered worthwhile privatisation candidates were sold long ago
Second phase of trial opens with claims of negligence and lack of preparation
Officers told to justify painful 'mandibular angle' technique using pressure point behind ear
About 10 people were arrested during demo against proposed local oil and gas development
The energy services firm agrees to pay fine and $55m donation to wildlife charity
Campaigners warn of potential conflicts of interest from energy-sector leaders advising on policy
Mark King had been considered a “rising star” of company’s leadership team
As oil company finally comes to trial over rig disaster, $16bn settlement talks are intensifying
Islamist militants were holding up to 41 Western gas engineers at a remote BP site in Algeria today, deepening fears that the conflict in Mali could unleash an anti-Western war across the deserts of northern Africa.
Officials in the Gulf of Mexico are investigating an explosion and a fire that broke out aboard an offshore oil platform near Grand Isle, Louisiana.