The BBC reported BP with its pivot hopes to increase production to between 2.3 million and 2.5 million barrels of oil per day ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...

After years of pledging to cut fossil fuel output, Big Oil is pivoting back to large-scale oil and gas exploration as the ...

BP is to reopen a key North Sea field and pump new oil and gas for at least a decade, despite Ed Miliband’s attempts to cut ...

BP considers teaming with Petrobras to develop its biggest oil discovery in 25 years despite high CO2 levels raising ...

The expanded layoffs are part of BP's broader "reset" strategy, first announced in January, aimed at slashing costs by $2 ...

A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer ...

The discovery was made at the Bumerangue prospect in the deepwater Santos basin of Brazil, some 400 kilometres offshore Rio ...

BP, one of the Calumet Region's largest industrial employers, made its largest oil discovery in 25 years as it shifts back to ...

BP will conduct 'a thorough review of our portfolio of businesses to ensure we are maximizing shareholder value'.

Oil and gas companies are bringing several new projects online in the Gulf, moves aimed at keeping production flowing ...

Norway's $1.9 trillion oil fund reduced its equity stakes in major international oil and gas companies in the first half of ...