There are seven so-called “super major” oil companies in the world, of which three are American, one is French and another is ...

As one of the biggest offshore drillers worldwide, Transocean ($RIG) is navigating an industry downturn and substantial stock ...

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 ...

But they can reduce that tax bill by deducting the cost of shutting down old oil rigs, or offsetting future investments and losses from earlier years. In some years, BP and Shell have paid no tax ...

The Etap development is currently one of the largest in the North Sea BP has said it was "regrettable" there was no water to tackle a fire that led to the evacuation of a North Sea rig.

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.

BP opted to remove a layer of redundancy from ... Using the world’s most authoritative database of oil rig accidents, a Norwegian company, Det Norske Veritas, focused on some 15,000 wells ...

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.

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

Deepwater Damage 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 being capped.