BP Plc has not yet applied for permission to drill its first new Gulf of Mexico oil well since the 4 million-barrel Macondo spill a year ago, the oil major said on Tuesday, although it received per

A spill of about 200 gallons of an oil-water mixture has prompted a temporary shutdown of an oil-separation facility at the BP-operated Prudhoe Bay oil field, the Alaska Department of Environmental

The Oil and Gas Development Company Limited (OGDCL) has completed Pakistan Basin Study (PBS), containing important information regarding hydrocarbon exploration opportunities in the country.

The report had been completed on the direction of Ministry of Petroleum and Natural Resources.

UK based consultant and geosciences Services Company Fugro Robertson Ltd (FRL) conducted the study.

Iran warned India it would stop supplying oil from August 1 if payments dispute is not resolved, the semi-official Fars news agency reported, a move likely to harm the two countries

BP said on Friday that it was changing its deepwater drilling standards in the Gulf of Mexico as it seeks to repair its reputation and resume offshore operations after the disastrous oil spill last year.

Robert Dudley, the chief executive of BP.

BP has tried to reassure the US authorities about its reputation as a safe operator by promising tougher drilling standards in the Gulf of Mexico, going beyond the minimum legal requirements.

The British oil group, scarred by the aftermath of the Deepwater Horizon disaster, wants permission to resume drilling in the gulf.

India

A major American utility is shelving the nation

South Africa's advertising watchdog criticized oil giant Shell on Wednesday for newspaper claims about its use of hydraulic fracturing, or fracking, to explore for gas in the Karoo, a semi-desert wilderness.

The Advertising Standards Authority described the adverts as "unsubstantiated" and "misleading" and ordered them to be withdrawn.

The Treasure the Karoo Action Group (TKAG), which believ

With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said.

The Obama administration must do more to ensure that U.S.