Oil major BP plans to sell more U.S. crude to Asia as its shale oil production grows, seeking to capitalize on growth in the world’s key demand region
Retail services, such as convenience stores at petrol stations, have become a big revenue generator for oil majors such as BP and Royal Dutch Shell
SINGAPORE: Oil major BP (BP.L) is shipping almost three million barrels of US crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap US shale oil to Asia, the world's biggest consumer region. While exports of…
LONDON: BP has criticised the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatisation of the deadly oil rig disaster in the Gulf of Mexico in 2010. "The Deepwater Horizon movie is Hollywood's take on a tragic and complex accident. It is not an accurate portrayal of the events that led to the accident, our people, or the character of our company," Geoff Morrell, BP senior vice-president of U.S. communications and external affairs, said in a statement on the British oil and gas company's website.…
LONDON: British energy giant BP on Thursday said it had agreed to settle US federal and state claims worth up to $18.7 billion (16.9 billion euros) over the 2010 Gulf of Mexico oil spill.
EDINBURGH: The battle over Scottish independence took a bitter turn on Saturday when a senior nationalist warned businesses such as BP that they could face punishment for voicing concern over the impact of secession.