An attendee walks past a BP chart during the 2016 Offshore Technology Conference (OTC) in Houston, Texas, US...
Oil companies BP and Det norske have agreed to merge their Norwegian businesses in a $1.3bn all-share deal to cut costs, challenge Statoil’s dominance of the local industry and look for more acquisitions.
Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year.
British energy giant BP on Tuesday posted the company's biggest loss in at least 20 years, ravaged by tumbling oil prices, and axed another 3,000 jobs.
British energy major BP said Tuesday that it will axe more than 4,000 jobs worldwide over the next two years in response to collapsing oil prices.
