BP Mining News

BHP's board approves funding for BP-led U.S. oil project

The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.

Oil majors near inflection point as spending rises

Industry leaders now appear to be positive that growth can be achieved after several difficult years.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

BP is front-runner to buy BHP's US shale unit

The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.

Coal's 20-year reign masks a brewing revolution

BP’s latest Statistical Review of World Energy, released Wednesday, contains a chart that could leave environmentalists feeling somewhat flat.

BP-Husky new Canadian oil sands project begins operations

The Sunrise Phase 1 oil sands project is expected to have initial capacity of 60,000 barrels per day.

BP sees growth in energy demand slowing, emissions rising 29% by 2035

The overall increase in energy consumption is still huge at 41%.

Energy companies pull a Blackwater

With the economy just as much a viable target as any, counter-terrorism may becoming more than just the military's game.

Hu's on first but what's on second?

Jittery investors sold in earnest this week on speculation that China is going on some kind of austerity kick, destined no doubt to wreak havoc on the civilized world.