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British Oil Giant To Slash 10,000 Jobs As Pandemic Hits Oil Demand
British energy giant BP on Monday announced plans to axe "close to 10,000 jobs", or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil.
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Mukesh Ambani's Reliance Breaks Into Club Of 6 Oil Supermajors
Reliance Industries is now valued at $138 billion, compared with the British energy giant's $132 billion value at the close of trading on Tuesday.
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After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery
Adnoc is among Middle Eastern crude producers, including Saudi Arabia and Kuwait, that are boosting refining, marketing and petrochemical capacity to bolster and diversify income.
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Exxon Mobil, BP, Reliance Industries Likely To Skip Oilfield Auction
Global energy giants Exxon Mobil, Chevron and BP plc as well as domestic players like Reliance Industries are unlikely to bid in the auction of 46 discovered small oil and gas fields.
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BP Plans To Keep Its Stake In Russia's Rosneft Unchanged: Report
International oil major BP plans to keep its stake in Russian oil giant Rosneft at the current level, Interfax news agency reported on Wednesday, citing BP's chief executive Bob Dudley.
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TurkmenGaz to Take Stake in Gas Pipeline to Afghanistan, Pakistan, India
Over the decades, oil giants such as Chevron, Exxon, BP and Total have expressed an interest in the proposed pipeline, nicknamed TAPI, but the region's complex geopolitics and contract disagreements meant none ever fully committed.
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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
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BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
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2010 Gulf of Mexico Oil Spill: 'BP Was Grossly Negligent'
A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.
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Three years after Gulf spill, BP fights billions in fines
Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.
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Reliance posts 32% jump in net profit: milestones of an oil giant
Reliance Industries Ltd (RIL) posted a 32 per cent jump in its fourth quarter net profit, the biggest increase in almost three years, as strong margins in its oil refining business helped offset fall in natural gas production. RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, on Tuesday reported a net profit of Rs. 5,...
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US plans $16 billion Gulf spill settlement with BP
US authorities plan to propose a $16 billion settlement to British energy giant BP for civil claims related to the disastrous 2010 oil spill in the Gulf of Mexico, a media report said.
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RIL, BP raise CAG's 'proprietary audit' issue with Oil Minister
BPs chief executive Bob Dudley and Reliance Industries' chairman Mukesh Ambani today called on Petroleum Minister Veerappa Moily, and apprised him of the hurdles the two energy giants face over their intent to boost oil and gas production in the country and invest more in the sector.
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BP profit drops 79 per cent in Q4 on oil spill settlement
Oil and gas giant BP's profit fell nearly 80 per cent in the fourth quarter in results released Tuesday, dragged down by payouts related to the Gulf of Mexico oil spill.
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India in the right direction, but market-driven energy pricing the way to go: BP
On a day when Petroleum Minister M Veerappa Moily talked about self- reliance in energy by cutting oil and gas imports to almost zero, British oil giant BP said India can achieve this only by allowing more competition and market-linked pricing of energy products.
_1526275868915.jpg?downsize=260:195 "After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery")
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British Oil Giant To Slash 10,000 Jobs As Pandemic Hits Oil Demand
British energy giant BP on Monday announced plans to axe "close to 10,000 jobs", or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil.
-
Mukesh Ambani's Reliance Breaks Into Club Of 6 Oil Supermajors
Reliance Industries is now valued at $138 billion, compared with the British energy giant's $132 billion value at the close of trading on Tuesday.
-
After Saudi Arabia, Abu Dhabi Oil Giant To Buy Into Maharashtra Refinery
Adnoc is among Middle Eastern crude producers, including Saudi Arabia and Kuwait, that are boosting refining, marketing and petrochemical capacity to bolster and diversify income.
-
Exxon Mobil, BP, Reliance Industries Likely To Skip Oilfield Auction
Global energy giants Exxon Mobil, Chevron and BP plc as well as domestic players like Reliance Industries are unlikely to bid in the auction of 46 discovered small oil and gas fields.
-
BP Plans To Keep Its Stake In Russia's Rosneft Unchanged: Report
International oil major BP plans to keep its stake in Russian oil giant Rosneft at the current level, Interfax news agency reported on Wednesday, citing BP's chief executive Bob Dudley.
-
TurkmenGaz to Take Stake in Gas Pipeline to Afghanistan, Pakistan, India
Over the decades, oil giants such as Chevron, Exxon, BP and Total have expressed an interest in the proposed pipeline, nicknamed TAPI, but the region's complex geopolitics and contract disagreements meant none ever fully committed.
-
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
-
BP Off Hook for Several Billion Dollars in Oil Spill Fines
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars.
-
2010 Gulf of Mexico Oil Spill: 'BP Was Grossly Negligent'
A US judge Thursday ruled the massive 2010 Gulf of Mexico oil spill was the result of BP's "gross negligence," potentially subjecting the oil giant to billions in additional penalties.
-
Three years after Gulf spill, BP fights billions in fines
Three years after a deadly explosion on a BP-leased drilling rig unleashed the worst environmental disaster in US history, the British energy giant is fighting to avoid billions in fines.
-
Reliance posts 32% jump in net profit: milestones of an oil giant
Reliance Industries Ltd (RIL) posted a 32 per cent jump in its fourth quarter net profit, the biggest increase in almost three years, as strong margins in its oil refining business helped offset fall in natural gas production. RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, on Tuesday reported a net profit of Rs. 5,...
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US plans $16 billion Gulf spill settlement with BP
US authorities plan to propose a $16 billion settlement to British energy giant BP for civil claims related to the disastrous 2010 oil spill in the Gulf of Mexico, a media report said.
-
RIL, BP raise CAG's 'proprietary audit' issue with Oil Minister
BPs chief executive Bob Dudley and Reliance Industries' chairman Mukesh Ambani today called on Petroleum Minister Veerappa Moily, and apprised him of the hurdles the two energy giants face over their intent to boost oil and gas production in the country and invest more in the sector.
-
BP profit drops 79 per cent in Q4 on oil spill settlement
Oil and gas giant BP's profit fell nearly 80 per cent in the fourth quarter in results released Tuesday, dragged down by payouts related to the Gulf of Mexico oil spill.
-
India in the right direction, but market-driven energy pricing the way to go: BP
On a day when Petroleum Minister M Veerappa Moily talked about self- reliance in energy by cutting oil and gas imports to almost zero, British oil giant BP said India can achieve this only by allowing more competition and market-linked pricing of energy products.
