Court rejects BP bid to require proof of Gulf oil spill losses

Last Updated: Wednesday, December 25, 2013, 10:19

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

BP engineer guilty of obstructing oil spill investigation

Last Updated: Thursday, December 19, 2013, 02:27

A drilling engineer for British oil giant BP was found guilty Wednesday of destroying text messages in his smartphone, obstructing the investigation into the 2010 Gulf of Mexico oil spill.

RIL-BP to invest $10bn to quadruple natural gas output by 2020

Last Updated: Wednesday, December 11, 2013, 15:58

Global oil giant BP Plc and its partner Reliance Industries will invest USD 5-10 billion to quadruple natural gas production by 2020.

RIL-BP front-runner for picking 25% stake in Mundra Terminal

Last Updated: Tuesday, December 3, 2013, 16:23

State-owned Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) are the other two firms shortlisted, officials said on the sidelines of 8th Asia Gas Partnership Summit here.

Mere 90 companies behind major part of man-made climate change

Last Updated: Thursday, November 21, 2013, 19:37

The climate crisis of the 21st century has been caused largely by just 90 companies.

BP reports profit slide, plans disposals

Last Updated: Tuesday, October 29, 2013, 23:05

BP added that charges incurred by the group as a result of the Gulf of Mexico oil spill disaster in 2010 currently stood at USD 42.5 billion.

BP says quarterly profit slides to $3.5 billion

Last Updated: Tuesday, October 29, 2013, 13:35

British energy giant BP said Tuesday that its net profit slid 34 percent to USD 3.5 billion (2.54 billion euros) in the third quarter compared with the equivalent period a year earlier.

BP advocates market-based pricing of natural gas in India

Last Updated: Sunday, October 20, 2013, 00:16

"It is one thing to have the right resources below the ground, it is another to have the right conditions above the ground," Dudley said.

Reliance, BP promise $8-10 bn for more work on D6 gas block in India

Last Updated: Friday, October 18, 2013, 21:20

It was not immediately clear if this was an additional investment or already in budget plans for the block, where production has been in steady decline since 2010.

Dudley, Ambani meet Moily

Last Updated: Friday, October 18, 2013, 18:23

Ambani was not present when Dudley met Chidambaram.

Dudley, Ambani seek meeting with PM on gas issue

Last Updated: Thursday, October 17, 2013, 23:10

Dudley's third visit to India this year comes at a time when Oil Ministry, at the insistence of Finance Ministry, is seeking to deny his company and its partner RIL a new gas price for producing less natural gas than projected.

RIL to invest $3.2 bn to bring D34 gas discovery to production

Last Updated: Tuesday, October 15, 2013, 14:07

Reliance Industries has said it will invest USD 3.2 billion in bringing to production the satellite D34 gas discovery to reverse the decline in output at the Bay of Bengal KG-D6 block.