Former BP boss Tony Hayward has returned to the oil business with an agreement to acquire Turkish explorer Genel Energy via a reverse takeover to create a Kurdistan-focused group worth US $4 billion.Vallares, an investment vehicle ...

BP Plc is confident of raising output from the key gas field of Reliance Industries Ltd in about two years, a senior executive at the British company said on Tuesday. In July, India’s cabinet had approved ...

Many of the world’s biggest energy companies may have to surrender most of the gas from Iraq’s vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and ...

The Home Ministry has given unconditional approval to Reliance Industries for the sale of a 30 per cent stake in 23 oil and gas properties, including the Mukesh Ambani-led firm’s showpiece KG-D6 block, to UK’s BP ...

British oil major, BP reported a 2 per cent drop in first-quarter profits, falling short of analysts’ forecasts, as the lingering effects of the oil spill frustrated chief executive Bob Dudley’s attempts to turn around the ...

BP and Russia’s Rosneft appear to have few options left to salvage a US $16 billion share swap deal after trying unsuccessfully to buy out BP’s partners in its Russian venture TNK-BP. “We have offered them ...

BP’s US $7.2-billion deal to jump into India’s oil and gas sector with Reliance Industries is the first sign of new investment that could attract more players, helping to boost output and meet surging demand. The world’s ...

London-based oil and gas supermajor BP Plc is in talks with Reliance Industries Ltd (RIL) to buy a significant stake in the D6 hydrocarbon block in the Krishna-Godavari (KG) basin. “BP is in talks with RIL for ...

India’s monthly crude oil output rose to a record in December after non-state companies including Cairn India Ltd. almost doubled production. Asia’s third-biggest energy consumer pumped 3.4 million metric tons of oil last month, an increase ...

Brazil, Russia, India,  and China will dominate energy demand growth in the next 20 years as non-fossil fuel consumption grows rapidly and energy output from coal almost matches that of oil, BP said. “Non-OECD Asia will account ...