BP for extending marketing, pricing freedom to gas fields

Last Updated: Friday, September 11, 2015, 22:07

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

Wockhardt recalls over 50 lakh bottles of various drugs in US

Last Updated: Monday, August 3, 2015, 22:59

Wockhardt is recalling over 50 lakh bottles of various drugs, used for treating ailments like high blood pressure and ulcer, in the US market due to deviations in current good manufacturing practice norms laid down by the American health regulator.

BP misses second-quarter profit forecast on spill charge

Last Updated: Tuesday, July 28, 2015, 13:07

The company also lowered its expected full-year organic capital spending to below $20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.

BP seeks higher gas price for undeveloped discoveries

Last Updated: Wednesday, July 15, 2015, 20:28

BP chief executive Bob Dudley yesterday met Prime Minister Narendra Modi, first since the BJP-led government stormed to power last May, and followed it up with a meeting with Oil Minister Dharmendra Pradhan this morning.

BP chief pitches for 'appropriate' pricing for gas projects

Last Updated: Wednesday, July 15, 2015, 15:22

Unlike past when he was accompanied by Mukesh Ambani, head of Reliance Industries -- BP's partner in India, Dudley met Modi yesterday alongwith his India head Sashi Mukundan.

BP to pay record $18.7 bn over Gulf of Mexico oil spill

Last Updated: Thursday, July 2, 2015, 20:31

"If approved by the court, this settlement would be the largest settlement with a single entity in American history," Lynch said in a statement.

RIL, BP give up 2 more blocks; tally down to 4

Last Updated: Thursday, May 21, 2015, 16:15

Since 2012, RIL and BP have been pruning their portfolio, shedding not so viable acreage.

RIL-BP among four in race for Mumbai LNG terminal

Last Updated: Wednesday, May 13, 2015, 17:07

The winner will have to set up a FSRU vessel with storage capacity of 170,000 cubic meters and 5 mn tons per annum gas production capacity.

BP wins right to appeal Gulf spill damages claims

Last Updated: Saturday, May 9, 2015, 10:27

BP Plc deserves the right to have a federal appeals court review some damage claims awarded under the settlement to compensate people and businesses harmed by the 2010 Gulf of Mexico oil spill, a U.S. appeals court ruled on Friday.

RIL-BP to triple gas output from KG-D6 by 2021-22

Last Updated: Thursday, May 7, 2015, 16:43

Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.

OilMin wants BP to furnish bank guarantee for ATF licence

Last Updated: Sunday, May 3, 2015, 13:36

The Oil Ministry wants UK's BP plc to furnish a bank guarantee and an undertaking that it will meet the minimum investment requirement for getting a licence to retail jet fuel (ATF) to airlines in India.

BP says profit slides 26% in first quarter

Last Updated: Tuesday, April 28, 2015, 12:03

British energy giant BP on Tuesday announced sliding net profit for the first quarter of the year on plunging oil prices and compared with the first three months of 2014.