The company plans to send almost 3-million barrels of US crude to customers in Asia.
BP is shipping US crude oil to customers across Asia, pioneering a complex operation likely to become more popular in the future.
MEXICO CITY— Mexico's state-owned oil company Pemex said Monday that it has awarded its first contract with a private firm for a joint operating agreement in deep-water oil drilling. The Trion field is near Mexico's maritime boundary with the United States in the Gulf of Mexico and is believed to hold the equivalent of 485 million barrels of oil.
Native American reservations may contain about a fifth of U.S. oil and gas; could be put into private ownership.
HOUSTON— BP PLC is moving ahead with a $9 billion oil project in the Gulf of Mexico after a cost-cutting redesign, a sign of confidence about future prices for crude. The UK- based oil giant announced it would continue with the second phase of its Mad Dog project off the Louisiana coast just a day after OPEC ministers agreed to cut production, a move that sparked a...
Investors should be overweight integrated oil companies, independent drillers and oilfield services, Evercore's Doug Terreson said.
If voters and Congress perceive Trump's proposals are designed for personal enrichment, he risks undermining whatever progress he hopes to make.
Shell continues to see value in developing its gas business in Iraq and is not interested in selling those interests.
Jim Cramer quickly gave his opinion on various caller stocks, including an explanation on the love of Tesla.
Ten major oil and gas firms have set up a $1 billion fund to support new technology to combat greenhouse gas emissions.
U.S. equities fell as recent election news and a Fed meeting sent jitters through the market.
European shares closed lower on Tuesday with investors focused on another batch of earnings reports as well as the Fed rate decision.
Some of the names on the move ahead of the open.
BP has reported net profit for the third quarter of $1.62 billion, but still only delivering around half of last year's result for the period.
Following BP and Shell’s earnings, Investec Wealth Divisional Director, Charles Newsome talks about energy and the current state of business performance seen in the sector.
The Dow and S&P extended their slide to three months, while the Nasdaq snapped a three-month winning streak.
The presidential election's final days could present new headwinds for markets and overshadow the Fed meeting and the October jobs report.
Exxon Mobil said it could write down billions of barrels of reserves as the company faces federal investigations into how it values them.
Exxon Mobil on Friday reported earnings of that topped analysts' expectations.
Wall Street is anticipating improvement in quarterly earnings from oil majors after many missed forecasts last quarter.