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The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced late last week that BP and Shell were the successful bidders for exploration licenses

By Joe Palazzolo BP PLC has agreed to plead guilty to a number of felony and misdemeanor charges stemming from the Deepwater Horizon disaster that killed 11

(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims

(Bloomberg) — The trial over liability for BP Plc’s 2010 Gulf of Mexico oil spill was postponed to Feb. 25 so the lawyers won’t lose their

BP said Thursday that it has capped the abandoned containment dome, or cofferdam, that was identified last week as the source of a recent oil sheen spotted in

Game, set and match to Rosneft. The state-owned Russian oil giant  (ROSN.RS) is poised to secure 100% of TNK-BP (TNBP.RS), the oil company now jointly

Since she was delivered from the shipyard in 1999, Eidesvik’s multi-purpose support vessel, Subsea Viking, has been on continual contract with global

HOUSTON–As U.S. officials and BP PLC negotiate to resolve the company’s liability for the Deepwater Horizon spill, some local and state officials

LONDON–BP PLC (BP) is looking to ship 2 million barrels of North Sea crude to South Korea at the end of October, according to shipping fixtures seen

OSLO–The Norwegian Petroleum Safety Authority, or PSA, said Tuesday it is investigating a substantial oil leak at the BP PLC (BP) operated Ula oil

(Bloomberg) — BP Plc’s proposed $7.8 billion partial settlement of 2010 Gulf of Mexico oil-spill claims shouldn’t be approved because last

BP PLC (BP, BP.LN) reached a deal to sell some of its Gulf of Mexico offshore oil fields to Plains Exploration & Production Co. (PXP) for $5.55 billion, as

(Bloomberg) — BP Plc, the owner of the Macondo well that caused the worst U.S. oil spill two years ago, declined in London after the Department of

(Bloomberg) — BP Plc, whose Macondo blowout in the Gulf of Mexico caused the biggest offshore oil spill in U.S. history, is drilling the first

(Bloomberg) — BP Plc, the energy company that paid $3.2 billion last year to start exploring off the coast of Brazil, plans to sell its only producing

(Bloomberg) — BP Plc’s plans to sell almost $8 billion of deep-water oilfields in the Gulf of Mexico is paving the way for the biggest influx of

BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in

LONDON–BP PLC (BP) is exploring options for importing liquefied natural gas to India through its joint venture with Reliance Industries Ltd.

BP PLC (BP) is shelving its Liberty offshore drilling project in Alaska, after deciding that the current development plan is not up to the stricter standards

HOUSTON–BP PLC (BP) said Tuesday that it began the start-up process of Galapagos, one of its major oil and gas projects in the deepwater U.S. Gulf of