Chevron came under intense scrutiny in Brazil on Friday over an oil spill at an offshore field the company operates, with federal investigators here threatening fines for Chevron and potential pris

Reliance Industries (RIL) and UK's BP today announced incorporation of India Gas Solutions, a 50:50 joint venture company for sourcing and marketing of natural gas in India.

The joint venture is part of the agreement reached in February where BP picked up 30% stake in 23 oil and gas blocks of RIL, including the showpiece KG-D6 gas fields.

BP Plc's U.S.

Transocean, the owner of the Deepwater Horizon drilling rig that sank in the Gulf of Mexico last year, is planning to take further legal action against BP as it seeks to prove that the British comp

The European Union Thursday unveiled draft plans to regulate offshore oil and gas across the bloc and guard against a repeat of BP's catastrophic Gulf of Mexico spill as firms drill deeper to tap r

Canada warned on Sunday it will "defend its interests" if the European Union (EU) goes through with a proposal to rank Canadian oil sands as a highly polluting fuel.

Exxon Mobil Corp., BP PLC and Eni SpA will spend around $100 billion to upgrade three oil fields in southern Iraq, an Iraqi official said.

The British oil company BP said Monday that a partner in the well that exploded last year in the Gulf of Mexico, Anadarko Petroleum, had agreed to pay $4 billion to settle claims related to the ens

BP will be allowed to participate in an upcoming U.S. offshore oil and gas lease sale despite its role in the largest offshore oil spill in U.S.

BP PLC Thursday reaffirmed its commitment to developing oil and gas resources in the U.K.