RELIANCE-APPROVAL:India has declared three KG D6 discoveries commercial: oil min source

A panel of Indian officials, including those from the upstream regulator, have declared three gas discoveries in Reliance Industries KG D6 block as commercial, subject to certain conditions, an oil ministry official told reporters. Reliance's budgeted expenditure on key gas fields from the D6 block for the three fiscal years 2010/11, 2011/12, and 2012/13 has also been approved, with some conditions, the official said.

Houston BP and Transocean lacked clear guidelines for key tests to ensure that the ill-fated Macondo well was safely sealed before it ruptured and triggered the 2010 Deepwater Horizon disaster, US safety investigators said.

The preliminary report from the US Chemical Safety Board, to be delivered at a public hearing in Houston on Tuesday, puts the spotlight back on missteps highlighted in prior investigations as BP faces potential civil and even criminal penalties over the incident.

Despite leading in some aspects of green technology, such as solar and wind power, China still faces a fight to reduce its level of emissions.

China considers ways of reducing emissions

Global energy consumption grew at 2.5 per cent in 2011, less than half the 5.1 per cent rate it attained in 2010, BP said in its annual Statistical Review of World Energy, published on Wednesday.

New Delhi: British energy major BP Plc has sought a free market pricing regime for natural gas to check India’s growing dependence on imports and prevent investments in the exploration and related

BP said Wednesday that it would spend $400 million to install pollution controls at its giant Whiting, Ind., refinery to allow it to process heavy crude oil from Canada, in a deal with federal and

Shortly before Thanksgiving in 2010, the leaders of the commission President Obama had appointed to investigate the Deepwater Horizon oil spill in the Gulf of Mexico sat down in the Oval Office to

A trial to apportion blame and damages for the 2010 Deepwater Horizon disaster will now start in 2013 after the New Orleans judge hearing the case scheduled a new start date.

The U.S.

The U.S. Justice Department broke new ground in the case against BP for causing the worst oil spill in the country's history when it brought criminal charges against a BP engineer for obstructing justice by deleting communications regarding the true size of the spill. The engineer, Kurt Mix (51), has been arrested.

On April 20, 2010, BP's Deepwater Horizon rig in the Gulf of Mexico suffered a major explosion that killed 11 workers and went on to spew close to 62,000 barrels of oil per day into the Gulf, causing unprecedented damage to the surrounding environment and marine life.