Earlier in February we wrote that the unrest in Libya could jeopardize the $900 million exploration and production agreement BP had signed with Libya’s National Oil Company in 2007. The deal was ...

Libya will allow BP to begin drilling in its offshore deepwater region next month despite the massive Gulf of Mexico oil spill, the head of Libya's National Oil Co. said Sunday.

Had BP bribed Libyan officials with hard cash, it would have been in trouble under the US Foreign Corrupt Practices Act, but commercial realpolitik is not illegal. This makes no moral sense.

BP (BP -1.9%) and Eni (E -1.5%) could restart work on a project in Libya in Q1 2019, setting the stage for the country to boost production by “hundreds of thousands of barrels” a day, the head ...

LONDON— BP PLC is in talks to relinquish control of a major oil and natural-gas project in Libya, a blow to the country as it tries to attract companies to tap Africa's largest oil reserves.

BP expects to begin exploration with Italian oil major Eni in Libya in the first quarter of next year, CEO Bob Dudley told Reuters on Thursday.

Four senators call for an investigation.Is there a connection between BP and the terrorist convicted of bombing Pan Am Flight 103? Four senators want to know what sway the oil giant may have had ...

BP and Eni have returned to Libya after ten years of avoiding the country amid its civil war. Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory drilling ...

Shokri Ghanem, Libya's top oil official, said Libya should buy a strategic stake in BP to take advantage of its weak share price following the giant oil spill in the Gulf of Mexico.

LONDON--BP PLC (BP.LN) expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of ...

When the deal with Libya's National Oil Company was announced in 2007 BP set a minimum initial exploration commitment of $900m. Chief executive Tony Hayward at the time hailed it as "BP's single ...

Libya has become a major headache for European oil companies as a four-year conflict forced BP Plc to join Total SA in writing off millions of dollars in investments in the North African country.