Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India.
PetroChina Co. (857), the country’s biggest oil and gas producer, will seek to increase cooperation with companies including Exxon Mobil Corp. (XOM), BP Plc (BP/) and Royal Dutch Shell Plc (RDSA) as it looks to add overseas resources, Bloomberg reports.
Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history, Reuters reports.
OAO Rosneft (>> Rosneft' NK OAO) will shortly offer Arctic hydrocarbon projects to the U.K.'s BP PLC (>> BP plc), which owns almost 20% of the Russian state oil firm, said Rosneft Chief Executive Igor Sechin Wednesday, according to Prime news agency, Dow Jone
European authorities have raided offices of oil majors Shell, BP and Statoil in an investigation of suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal, Euractiv reports.
BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP will be operator in two of the blocks.
British energy company BP said it expects to get consent from the Australian government to look for oil in a frontier area off the southern coast by year's end, UPI reports.
A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks, Reuters reports.
Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market, Bloomberg reports.
China National Offshore Company (CNOOC Ltd) , China's largest offshore oil and gas producer, will increase the price it pays for gas from BP's Tannguh project in Indonesia, the head of Indonesia's energy regulator said on Friday, Reuters reports.