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ONGC, Reliance-BP bid for oil, gas blocks, foreign giants continue to stay away
Thirteen bids were made by five companies including ONGC, Vedanta, Oil India, Sun Petrochemicals, a…
PTI
Tell us if you've had an intimate relationship with a colleague, or you could get fired, oil giant warns staff
BP has introduced a new company relationships policy following the departure of former CEO Bernard …
Polly Thompson
The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds
The UAE closed more than a dozen deals to expand its oil and gas footprint at home and overseas, an…
Catherine Boudreau
BP has purged its European refineries of Russian oil and expects to be rid of most long-term contracts with the Kremlin by year's end
"We're working incredibly hard to eliminate Russian molecules from the system," BP CEO Bernard Loon…
Brian Evans
BP stock jumps as the energy giant slows its ambitious pivot to renewables and vows more spending on oil and gas
Shares of BP climbed Tuesday after the company noted a shift from previous renewable energy spendin…
Brian Evans
Big Oil is all in on electric cars
Heavyweights of the combustion-car era like Shell, Exxon Mobil, and BP could dominate the electric …
Tim Levin
BP falls 8% after cutting ties with Russian oil giant Rosneft, adding to mounting financial woes following the Ukraine invasion
"It has led the BP board to conclude, after a thorough process, that our involvement with Rosneft, …
Matthew Fox
Big Oil continues its retreat from Russia as Shell condemns Putin's 'senseless act of military aggression'
Shell will exit its joint ventures with Russian energy firm Gazprom. It will also pull out of the N…
Huileng Tan
BP dumps 20% stake in Russian oil giant, says its partnership with Rosneft 'simply cannot continue' following attacks on Ukraine
The CEO of BP said Russia's attack on Ukraine caused his company to "fundamentally rethink" its bus…
Hannah Towey
BP stands to make 'blood money' from its stake in Kremlin-backed oil giant Rosneft, Zelenskyy aide says
BP said it would sell its near-20% stake in Rosneft in February after Vladimir Putin invaded Ukrain…
Ryan Hogg
Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says
Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…
Karen Friar
Reliance returns to oil indexation for KG gas, seeks buyers for 4 mmscmd
Reliance Industries Ltd and its partner BO Plc of UK have reverted to oil indexation for pricing th…
PTI
BP boss who resigned over undisclosed relationships with colleagues ended his marriage by text message, says ex-wife
Bernard Looney abruptly resigned from BP this week after admitting he failed to disclose relationsh…
Jyoti Mann
Energy company Wastefuel expects to be as big as BP in 10 years. Here's how it plans to get there.
The energy company Wastefuel has raised $13 million to do early research on three low-carbon fuels …
Karen K. Ho
Hero Electric partners with Jio-bp for EV charging and battery swapping solutions
Hero Electric has announced a partnership with Jio-bp to boost two-wheeler charging and battery swa…
Oil demand may never rebound to pre-pandemic highs as world shifts to renewables, BP says
The industry giant presented three scenarios for oil consumption moving forward, which range from a…
Ben Winck
BP lost $5.7 billion in 2020, its first annual loss in 10 years, as oil and gas demand slumped during the pandemic
BP reported a profit of $115 million in the last quarter of 2020, falling short of analysts' estima…
Kate Duffy,Reuters
One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head
British Petroleum also slashed its valuation by almost $18 billion as it adjusts to the impact of t…
Saloni Sardana
Reliance and BP start production from KG-D6 oil field – off the coast of Kakinada
Reliance Industries and BP have started the production from the R Cluster, ultra-deep-water gas fie…
This could be Big Oil's last surge
Despite record profits, the oil and gas industry is still headed for a long-term decline, even if i…