BP warns on oil price after reporting $6.3B loss

BP (London Stock Exchange: BP.-GB), one of the world's biggest oil companies, announced a second-quarter replacement cost loss of $6.3 billion Tuesday, and warned that low oil prices are here to stay.

BP wins right to appeal some Gulf spill damages claims

A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.

Deepwater oil spill: BP steps up PR effort to insist all is well in the Gulf

In the run-up to the five-year anniversary of the Deepwater Horizon spill this April, BP is ramping up its effort to convince consumers that life is returning to normal on the Gulf coast.

Falling oil price puts BP’s profits at risk of 20% drop, say analysts

The dramatic effect of falling oil prices on profits in the energy sector will be underlined this week as BP unveils third quarter earnings that could be as much as 20% lower than the same period last year.

BP asks court to reconsider 'gross negligence' ruling

BP has asked a US court to reconsider its ruling of "gross negligence" over a 2010 oil spill in the Gulf of Mexico, which boosted its potential fines to around $18bn (£11.1bn).

US justice system was always going to find BP guilty

BP has spent years waiting to hear its punishment for the Gulf of Mexico disaster. On Thursday, the verdict it regarded as its worst case scenario landed with thudding predictability.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

BP to Spend $9 Billion on Australia Fuel Stations, Exploration

BP Plc (BP/), the operator of the biggest oil refinery in Australia, plans to spend A$10 billion ($9.3 billion) this decade expanding its filling station network and developing oil and gas projects such as the Browse venture.

BP loses bid to freeze Gulf of Mexico spill payouts

The US Supreme Court has refused to allow BP to stop paying compensation claims while it awaits a review of its settlement with businesses over the 2010 Gulf of Mexico oil spill.

Putin’s Energy Trumps U.S. Sanctions as Rosneft Extends Reach

One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft (ROSN) chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly.

BP to close Australia refinery due to Asian competition

Oil giant BP says it will cease production at its Bulwer Island refinery in Brisbane, Australia, by 2015.

BP refinery leaks oil into Lake Michigan near Chicago

A BP refinery has spilled an undetermined amount of crude oil into Lake Michigan in the US. BP said a malfunction caused crude oil to enter the Whiting refinery's cooling water system, which discharges into the lake.

BP drawn into row over Russia's annexation of Crimea

BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.

US lifts BP government contract ban

The US has lifted a ban on oil giant BP that prevented it from bidding for US government contracts.

BP rules out UK shale gas drilling – for now

BP has ruled itself out of drilling for shale gas in the UK, at least for now – indicating it fears its damaged safety record from the Gulf of Mexico spill would make it a target for protesters.

BP wins first Greenland drilling concession despite chequered record

BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.

BP wins US court reprieve over Gulf spill payments

BP has won a partial victory in its court battle over compensation to those affected by the Gulf of Mexico oil spill, which could save the oil giant millions in payouts.

Fossil fuels divestment campaign is gathering momentum

The world has a choice when dealing with climate change. One is to decide it's a problem like any other, which can be dealt with slowly and over time.

BP fights to keep fines down in new Gulf of Mexico oil spill trial phase

HOUSTON/LONDON: BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well.

Tony Hayward's interim chairman role at Glencore could become permanent

Tony Hayward, the former boss of BP best remembered for being forced to resign from the oil group over his handling of the Gulf of Mexico disaster, has been revealed as a surprise candidate for the next permanent chairman of mining-cum-trading group GlencoreXstrata.