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HOUSTON —The U.S. government broke precedent by issuing citations to contractors Halliburton Co. and Transocean Ltd. in the Deepwater Horizon oil spill,

By Tennille Tracy, The Wall Street Journal WASHINGTON—The U.S. has decided to allow BP PLC to bid on new oil-drilling leases that go up for sale in the

LONDON—BP PLC Thursday announced it would make its highest-ever annual investment in the U.K., despite a steep tax increase on crude production enacted

By Tennille Tracy, The Wall Street Journal WASHINGTON—The prospect that contractors for BP PLC could be fined by the government over the Deepwater

By Russell Gold A federal investigation into the cause of the Deepwater Horizon disaster in the Gulf of Mexico points the finger at BP PLC, but also its

BP PLC’s effort to save money while drilling the Deepwater Horizon oil well led it to withhold critical information from contractor Halliburton Co. in

Halliburton Co. (HAL) yesterday filed a lawsuit against BP PLC in Texas state court claiming negligent misrepresentation, business disparagement and defamation

ExxonMobil Corp. and OAO Rosneft, the state-controlled Russian oil giant, reached a sweeping strategic alliance Tuesday that will give the U.S. titan access to

The Republic of the Marshall Islands (RMI) Maritime Administrator has today released the DEEPWATER HORIZON Marine Casualty Investigation Report (RMI

Image by Alastair Grant/AP LONDON — BP PLC shares fell Tuesday amid investor frustration at the company’s growth strategy in the wake of the Gulf

In the tale of two U.K. energy companies Tuesday, there was only one winner. Natural-gas-focused BG Group and oil company BP both reported higher first-half

NEW DELHI—India on Friday approved Reliance Industries Ltd.’s proposed $7.2 billion asset sale to BP PLC, paving the way for the U.K. oil

LONDON—BP PLC vowed to hold itself to a higher set of deepwater-drilling standards than those already prescribed by U.S. authorities, as the U.K. energy

AMSTERDAM (Dow Jones)–SBM Offshore NV (SBMO.AE) said Thursday that contracts for the twenty year charter and operation of FPSO Cidade de

Image by Kjetil Alsvik –Average production of 60,000 barrels equivalent a day to be lost as result of shutdown –Accident to be investigated by

The following is a press release issued by Transocean regarding an internal investigation into the causes of the Deepwater Horizon disaster.  The full report

“Most hated man in America”, Tony Hayward, gets a fresh start with successfull initial public offering of new investment vehicle, Vallares PLC

BP PLC (BP.LN, BP) scored a victory in its efforts to force other companies involved in last year’s disastrous Gulf of Mexico oil spill to cough up a

Subsea 7 S.A. has won a three year Life-of-Field Contract by BP Exploration & Production Inc., according to a statement released on their website.   The

Technip was awarded a 10-year master agreement by BP Exploration and Production, Inc. The agreement covers the design, procurement and construction of hulls