Acquiring those rigs is a key part of its five-year, 224 billion US dollars business plan that is focused on the deep-water offshore region known as the sub-salt -- believed to hold as much as 100 ...

An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers. BP Plc agreed on Thursday to plead guilty to a raft of charges in the deadly Gulf of Mexico spill and ...