BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.

Credit: Tom Atkeson/U.S. Coast Guard When the BP oil rig exploded in the Gulf of Mexico, it killed 11 people, injured 17 and spewed oil from its wellhead on the ocean floor for four months before ...

BP has pledged $1 billion to jump-start projects aimed at restoring the US Gulf Coast after last year’s massive oil spill, officials said Thursday.

But in a landmark speech in 2017, the same year that Shell also started thinking about how to navigate the energy transition, Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi’s ruler, said the country ...

The energy transition remains challenged by economic realities, prompting BP and other major oil companies to scale down ...

In a statement posted on its website on Thursday, BP issued its “final update ... it estimates that approximately 25.25 percent of the current oil production and 19.81 percent of the current ...

RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.

Deepwater Horizon — an ultra-deepwater drilling platform that BP leased from ... fire that sank the rig and claimed 11 lives. Since then, substantial quantities of oil and gas have leaked ...

Integrated marine services company C-Innovation (C-I), an affiliate of US contractor Edison Chouest Offshore, has signed a new ...

AIM-listed indie in frame for Philippines exploration acreage to complement Chuditch asset offshore Timor-Leste ...

Nov WTI crude oil Monday closed up +1.34 (+1.94%), and Nov RBOB gasoline closed up +1.27 (+0.63%). Crude and gasoline prices Monday posted moderate gains. Monday's action by Chine ...