Halliburton Co. objects to BP PLC’s proposed $7.8 billion settlement with individual plaintiffs for the oil giant’s involvement in the Deepwater Horizon oil rig disaster, according to court documents filed...
Iraq’s Deputy Prime Minister for Energy Hussain al-Shahristani confirmed on Wednesday that talks were taking place between BP and Baghdad over the northern Kirkuk oilfield. The UK major is looking closely at a p...
Oil production has commenced from the NS377 field in Beach’s North Shadwan concession, with oil flowing via a tie-in to Petrobel’s nearby Ras Ghara oil facility and then by pipeline to the main Petreco Oil Centre at A...
U.S. giant oil services firm Baker Hughes Inc. has joined U.K.-supergiant BP PLC and Schlumberger Ltd. on separate talks with Iraq to more than double output from the country’s giant Kirkuk oil field in northern...
BP Plc officials overseeing the Macondo well that spewed millions of gallons of oil into the Gulf of Mexico ignored questions about whether safety tests done hours before a fatal blast on the drilling rig were flawed,...
U.S. District Judge Carl Barbier on Tuesday upheld Halliburton’s claim that its contract with BP requires BP to defend and indemnify Halliburton against any and all claims related to a blowout or uncontrolled we...
BP has won a tender to buy a cargo of jet fuel for loading in the first week of February from Egypt’s Middle East Oil Refinery (Midor) traders said on Friday. Prices were not disclosed, but the cargo was expecte...
Oil giant BP has lost its attempt to shift over $15 billion (9 billion pounds) of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42...
BP Plc seeks to have Halliburton Co., its cement contractor for the Macondo well project whose blowout set off the 2010 Gulf of Mexico oil spill, pay all of the oil company’s related costs and damages. BP had paid mor...
Maersk Drilling has signed a contract with BP for the ultra deepwater semi-submersible MAERSK DISCOVERER for work initially offshore Egypt. The firm contract duration is four years and the contract also includes an op...