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.

On the eighth anniversary of the Deepwater Horizon rig explosion that set off the worst oil spill in U.S. history, thousands ...

BP is set to ramp up U.S. natural gas production in its onshore shale operations following the recent rise in domestic gas prices, CEO Murray Auchincloss said on Tuesday.

Meanwhile, UK supermajor BP is in the market for a supply and accommodation vessel to support its 2025 wells intervention ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

“On drilling and rig automation, we will focus on expanding ... Palantir software has been deployed widely by BP to support its oil and gas production operations. In the BP upstream investor ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...