The Justice Department said on Tuesday it filed the first criminal charges in the Deepwater Horizon disaster in the Gulf of Mexico, accusing a former BP engineer of destroying evidence. Kurt Mix, of K

BP said on Friday it reached a $7.8 billion deal to settle claims from fishermen and other private claimants affected by the Gulf of Mexico oil spill ahead of the start of a blockbuster US trial.

The

India will be world's third largest economy by 2030 but its energy demand will slow down to 4.5 per cent, global energy giant BP plc said on Monday.

"By 2030 China and India will be the world's large

Tens of billions of dollars will be at stake when BP heads to a US court on February to determine how much it owes for the massive Gulf of Mexico oil spill and how much it can shift to subcontractors.

Reliance Industries and global energy major BP Plc on Friday said they have formed an equal joint venture to source, market and transport natural gas in Asia's third-largest economy.

The joint ventur

BP salvaged a rare victory in Russia on Friday over its failed Arctic tie-up with Rosneft when a court rejected a $15-billion claim that threatened its ties with the country, the world's biggest energ

Reliance Industries (RIL) on Tuesday announced completion of its 30 per cent stake sale in 21 oil and gas blocks, including the showcase KG-D6 block, to British energy giant BP for over $7 billion.

The Cabinet has approved a $7.2 billion deal between Reliance Industries and BP, at a meeting chaired by Prime Minister Manmohan Singh.

Home, Finance and Petroleum Ministries have also backed the de

The Indian government on Friday gave its go-ahead to global energy major BP buying 30 per cent stake in some of the oil and gas blocks held by Mukesh Ambani-led Reliance Industries. The deal is worth

UK's BP Plc will buy 30 per cent stake in Reliance Industries' 23 oil and gas blocks including the giant KG-D6 gas fields off the east coast for $7.2 billion.