BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.

Cairo: bp has successfully completed the drilling activity at the “El King-2” exploration well in the North King Mariout ...

Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the ...

He “leads BP’s strategy – to transition BP from an International Oil Company to an Integrated Energy Company,” BP’s site states. Earlier this month, BP announced in a separate release ...

BP itself is also a producer of shale oil through Denver-based BPX ... bigger drop — in 2010 after the deadly Deepwater Horizon rig explosion in the Gulf of Mexico, and in 2020 after the ...

Last year he said the company needed to go back to its roots – meaning producing more oil and gas to meet rising global demand. In 2023 BP pushed production up by more than 6pc to the equivalent ...

Norwegian oil and gas firm Aker BP and its partners have drilled a dry well in the North Sea, offshore Norway.The drilling ...