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.

Govt rejects BP's application for selling ATF

Last Updated: Monday, April 20, 2015, 15:30

BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.

Payout from BP oil spill settlement tops $5 billion

Last Updated: Thursday, April 16, 2015, 03:55

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out.

India rejects BP's request to market jet fuel

Last Updated: Monday, March 30, 2015, 15:56

Consumption of aviation fuel is set to rise in India as domestic air traffic is estimated to almost triple this decade, with more of the country`s 1.25 billion people starting to fly and as airlines connect smaller cities.

BP signs $12 billion energy deal in Egypt

Last Updated: Saturday, March 14, 2015, 15:57

British oil company BP finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

BP unveils $12 bn investment in Egypt gas fields

Last Updated: Friday, March 6, 2015, 17:43

British energy giant BP said Friday it would invest $12 billion (11 billion euros) in gas fields in Egypt together with Russian-owned partner DEA, calling it a "vote of confidence" in the country.

BP appeals US judge's ruling on size of Gulf oil spill

Last Updated: Tuesday, February 24, 2015, 08:53

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

Lower oil prices beneficial to India: Nilesh Karani

Last Updated: Thursday, February 5, 2015, 14:43

Oil prices have declined by nearly half in the past six months.

BP Plc writes off $830 million investment in KG-D6 block

Last Updated: Tuesday, February 3, 2015, 18:07

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

RIL, BP to invest about Rs 6000 cr to improve gas recovery

Last Updated: Wednesday, January 28, 2015, 18:24

Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.