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By Elodie Toto In January, U.K. oil giant BP announced it had started producing gas from the Greater Tortue Ahmeyim (GTA) ...

John “Jack” Reed spent 20 years and 25 days as a physical oceanographer for the U.S. Coast Guard, and one of the major ...

US examines blowout preventer in BP oil spill The failure of the underwater blowout preventer that led to the massive BP oil spill in the Gulf of Mexico was caused by the inability of attached ...

LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...

BP’s Chief Executive Tony Hayward has denied the possibility, Reuters reported. BP’s new oil and gas strategy The company aims to increase its production to 2.3 million to 2.5 million barrels per day ...

BP has reversed its ambitious plan to transition into a green energy company, announcing a sharp increase in oil and gas investments while significantly cutting its renewables spending.

The oil giant BP has announced it’s cutting planned investments in clean energy and redirecting that spending toward fossil fuels to the tune of $10 billion per year. The climate group 350.org ...

LONDON: BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its flagging share price. The struggling British ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will ...

BP's shares were down 1.7 percent in afternoon trading in London. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...