The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the ...

Mexico’s state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest ...

As far as British oil giant BP is concerned, the catastrophic oil spill that tainted Louisiana’s shores more than a decade ago didn’t take place in the Gulf of Mexico. It took place in the ...

BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on ...

Crude and condensates production from the Lower 48 states excluding federal waters in the Gulf of Mexico increased by 37,000 barrels per day (bpd) in May compared with April. BP said that on Monday ...

New research exposes the lasting consequences of the BP oil spill in the Gulf of Mexico. After placing microphones at the bottom of the sea, scientists were startled by their findings, per reports by ...

If the OPEC+ production increase and Trump’s trade war usher in a materially weaker outlook for the global oil market, that would make Elliott’s efforts to turn around BP’s performance more ...

A Climate Home investigation shows Mexico’s state oil firm has struggled to cut its ... Pemex has also joined voluntary initiatives like the Oil and Gas Methane Partnership (OGMP) in 2014, under which ...

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said ...

For decades, BP—the U.K.-based oil and gas giant that is No ... 2010’s Deepwater Horizon catastrophe in the Gulf of Mexico, BP wore its environmental intentions on its sleeve.