Internal documents show that budget cuts and a lack of leadership contributed to significant safety problems at BP PLC's Texas City plant, the site of last year's deadly explosion, federal ...

Houston - British oil company BP failed to emphasize safety at its U.S. refineries before the 2005 Texas City explosion that killed 15, according to a report released Tuesday by an independent panel ...

BP is close to selling a majority stake in its Castrol lubricants division to investment firm Stonepeak. The deal values the ...

The D1 and D3 fields, launched as India’s first major deepwater gas project, were initially expected to bolster the nation's ...

The report highlights that although Reliance originally estimated 10.3 trillion cubic feet of gas, only around 20% was ...

BP shares jumped on Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could pressure the energy company to shift gears on its ...

The dirty energy industry is raking in profits while citizens worldwide suffer the effects of Earth’s rising temperatures. “This is what a broken energy system looks like: Oil giants get richer ...

BP’s internal probe of the Deepwater Horizon disaster points fingers at rig owner Transocean Ltd. and contractor Halliburton Co. while also accepting some blame for the fatal accident that touched off ...

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. "Having fundamentally ...

Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The ...

NEW ORLEANS (AP) — Oil giant BP PLC laid much of the blame for the rig explosion and the massive Gulf of Mexico spill on itself, other companies' workers and a complex series of failures in an ...

BP has released a report from its internal investigation of the months-long oil spill in the Gulf of Mexico. It concludes by assigning blame to itself but also to several other organizations involved, ...