British oil major BP has completed the acquisition of 30 per cent stake in 21 oil and gas production sharing contracts operated by Reliance Industries Ltd.

Plaintiff lawyers claimed a victory on Friday when a federal judge overseeing hundreds of lawsuits against BP and others over last year's big oil spill in the Gulf of Mexico allowed much of the cas

Sixty per cent of rigs contracted in the Gulf of Mexico are not working almost a year and a half after the Macondo disaster.

Victims of BP's disastrous oil spill in the Gulf of Mexico have received more than $5 billion in compensation since a fund was set up a year ago, officials said.

A subsidiary of ConocoPhillips said it has started evaluating the impact of its oil spill in China's northern Bohai Bay on the marine environment, but has not yet received any claims for the incide

BP Plc has paid out more than $5 billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said on Tuesday.

The Indian Institute of Management-Ahmedabad (IIMA) will launch the Indian Fund for Sustainable Energy (INFUSE) with an estimated fund size of Rs 100 crores in collaboration with the Union Ministry

Before the rebellion broke out in February, Libya exported 1.3 million barrels of oil a day.

Making good on a promise, the Interior Department announced Friday that it had scheduled its first sale of offshore oil leases in the Gulf of Mexico since the Deepwater Horizon disaster last year.

Britain's worst oil spill for over a decade appeared to be entering its final stages, as the leak from Royal Dutch Shell's faulty North Sea pipeline slowed to a trickle.