Drones Expanding into Oil and Gas Industry
Drones are being used by more than just militaries and spy agencies, companies are seeing additional value as tools in the oil and gas industry, Bloomberg
Major US Refinery Shuts Down; Creates Oil Glut and Gasoline Dearth
A large gasoline refinery in the US state of Indiana has shut down for repairs after technicians discovered leaking pipes, Bloomberg
Subsea 7 Awarded $500m Contract in Egypt
The work scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75 km of umbilicals and 100 km ...
Contractor Awarded $500m by BP and DEA for North Alexandria
Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.
Massive Earnings Loss Makes BP Unattractive to Acquire
BP is less likely to be acquired following its $18.7 billion settlement over the 2010 Macondo oil spill, Chief Executive Officer Bob Dudley said on July 28.
Conflict in Libya Costs BP $600m
Libya has become a major headache for European oil companies as a four-year conflict forced BP to join Total in writing off millions of dollars in investments in the North African country.
BP to Begin Paying Settlements to Local Governments for Deepwater Horizon Spill
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spi ...
BP Pays $18.7bn in Gulf Oil Spill Claims
BP Plc reached a record $18.7 billion agreement to settle all federal and state claims from the 2010 Deepwater Horizon oil spill after an abrupt strategy shift in May to re-open talks, three people close to the matte ...
BP Says US Shale Will Survive Oil Surplus, Iran Agreement
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP's (BP.L) chief ... 
