Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc's proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfai

The Petroleum and Natural Gas Ministry has rejected the “integrated development plan” submitted by Reliance Industries Limited (RIL) and its partner British Petroleum (BP plc) for development and production of 16 gas discoveries and instead asked it to restrict pre-development expenses only to fields that have proved commercial viability.

The Managing Committee (MC), led by the Directorate-General of Hydrocarbons (DGH) chief, rejected the proposal for undertaking concept validation and front-end engineering design (FEED) for all the 16 discoveries around the present productive Dhirubhai-1 and 3 fields in the KG-D6 block.

New Delhi A regulatory panel has allowed Reliance Industries to carry out surveys on 12 satellite fields in the deep water D6 block in the east coast, subject to the condition that this expense would become eligible for recovery only if a subsequent field development plan is approved by the authorities.

The management committee overseeing the performance of the D6 block in the Krishna Godavari basin decided last Friday that RIL could make investments in geophysical and geo-technical surveys and other studies in the R series fields (D34) at its own cost. The RIL-BP-NIKO consortium has to bear the risk involved in making this investment.

The estimated multibillion-dollar settlement between BP and lawyers representing individual and business plaintiffs in the 2010 Gulf of Mexico oil spill was fleshed out on Wednesday in hundreds of

The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc's $7.8 billion settlement with businesses and individuals suing over the mas

BP Plc will gain access to U.S.

PARIS: The European Space Agency said on Thursday it had lost contact with Envisat, the biggest Earth-monitoring satellite in history.

BP Plc will gain access to U.S.

An oil sheen spotted near Royal Dutch Shell platforms in the central Gulf of Mexico has caused the company to send a spill response vessel and seek aircraft over flights, a Shell spokeswoman said o

A dispute over the authority of U.S. accident investigators heads to federal court here Wednesday, in a case pitting the U.S.