UK supermajor BP is planning to double its exploration activity this year even as its highlights investments in clean energy as it looks towards a future energy transition. “Exploration in 2019 will ...

The world is no longer at risk of running out of oil or gas for decades ahead with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming ...

LONDON - British energy firm BP reported record annual earnings on Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas ...

Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected underlying profits and upbeat comments ...

BP and Eni subsidiary International Egyptian Oil Company (IEOC) have reported two gas discoveries at Taurt North and Seth South in the pair’s North El Burg offshore concession in Egypt’s Nile Delta.

SACRAMENTO (AP) — California officials say oil giant BP double-billed the government and insurance companies for clean-up of old gas-storage sites. The California Water Resources Control Board said ...

BP says that while the world economy will almost double between 2015 and 2035, energy demand will increase by only around 30%. Energy consumption, it says, is expected to grow less quickly than in the ...

The problems in the Gulf have caused BP’s shares to drop from a 52-week high of $62 to the current price of $32. Two years ago, they were almost $70. BP’s stock is likely to surge again, and may get ...

UK’s oil major BP (NYSE:BP) will double its production in the North Sea to 200,000 barrels of oil per day, chief executive Bob Dudley said in an interview with Energy Voice in Aberdeen on Wednesday.