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.

ONGC Videsh loses bid for two oil blocks in Mexico

Last Updated: Friday, July 17, 2015, 18:23

ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.

Mexico holds oil auction for first time in 80 years

Last Updated: Thursday, July 16, 2015, 09:39

Nearly 80 years after kicking foreign energy companies out of the country, the government is offering 14 blocks in shallow waters of the Gulf of Mexico worth an estimated USD 17 billion in total.

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.

Carlos Slim scraps project with Donald Trump after Mexico insults

Last Updated: Tuesday, June 30, 2015, 08:11

A television company controlled by Mexican billionaire Carlos Slim has cancelled a project with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, Slim`s spokesman said on Monday.

AT&T to invest $3 bn for Mexico mobile network

Last Updated: Friday, June 26, 2015, 08:55

AT&T entered the Mexican mobile service business when it acquired Iusacell and Nextel Mexico for $4.4 billion earlier this year.

Citigroup to close Banamex USA: Report

Last Updated: Monday, June 1, 2015, 09:32

Based in Century City, California, Banamex USA specializes in moving money across the US border into Mexico. The bank is undergoing probes related to its anti-money laundering controls, people familiar with the matter told the Journal.

Pradhan to lead industry delegation to Mexico, Colombia

Last Updated: Saturday, May 16, 2015, 20:34

To bolster energy ties with Americas, Oil Minister Dharmendra Pradhan is leading a high level delegation of industry CEOs to Mexico and Colombia from May 18 to 22.

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.

UK government tells BP it would oppose takeover: Reports

Last Updated: Monday, April 27, 2015, 22:26

The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday.

Ford announces $2.5 bn auto plant investment in Mexico

Last Updated: Saturday, April 18, 2015, 01:06

The Ford Motor Company unveiled Friday a $2.5 billion investment for engine and transmission plants in Mexico, the second major project announced in the country by a foreign auto power this week.