BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.

BP’s Thunder Horse Northwest Expansion offshore Gulf of Mexico is starting four months ahead of schedule, the BOP Blow Out Preventer repair company gulf coast announced Oct.

The recent downward movement of crude oil futures continued Thursday.

The recent downward movement of crude oil futures continued Thursday, stoked by escalating strife between the United States and Saudi Arabia as well as increasing U.S.

(Bloomberg) -- At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program until the middle of next year, people familiar with the matter said.

Oil held gains after an industry report showed an unexpected drop in American crude stockpiles.

(Bloomberg) -- Oil held gains after an industry report showed an unexpected drop in American crude stockpiles, while traders continued to assess simmering tensions between the U.S.

Shell has agreed to sell its Danish upstream business to Noreco for $1.9 billion as part of its divestment strategy.

Royal Dutch Shell has agreed to sell its shares in its upstream Danish subsidiary Shell Olieog Gasudvinding Danmark B.V.

Politically, BP is trying to straddle both sides.

(Bloomberg) -- BP Plc’s new U.S. onshore oil headquarters in Denver serves as a testament to Colorado’s regal mountains, its expansive forests, its nature-loving culture.

(Bloomberg) -- MEG Energy Corp. rejected a C$3.05 billion ($2.34 billion) hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers, kicking off a bidding war for its prized Canadian oil-sands assets.

The midweek dip in the WTI following a US government report showing a higher-than-expected rise in crude stocks.

The West Texas Intermedia (WTI) crude oil price for November delivery fell by 3 percent Wednesday, losing $2.17 to settle at $69.75 a barrel.

Aker BP enters into an agreement with Equinor to acquire its 77.8% interest in the King Lear gas/condensate discovery.

Aker BP has entered into an agreement with Equinor to acquire its 77.8 percent interest in the King Lear gas/condensate discovery, located in the Norwegian North Sea, for a cash consideration of $250 million.