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Govt grants license to BP Plc for setting up 3,500 petrol pumps in India

Govt grants license to BP Plc for setting up 3,500 petrol pumps in India

Government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

BP gets govt nod to set up retail pumps of petrol, diesel in India

BP gets govt nod to set up retail pumps of petrol, diesel in India

BP Plc, Europe's third-biggest oil company, has received government approval to set up petrol pumps to retail petrol and diesel in India.

BP shareholders reject pay deal for chief executive Bob Dudley

BP shareholders reject pay deal for chief executive Bob Dudley

Only 40.89 percent voted in favour of the deal in a non-binding vote which highlighted shareholder discontent at BP`s annual general meeting in London.

BP signals willingness to take back arbitration

BP signals willingness to take back arbitration

After the oil ministry's tough talk, BP of the UK has signalled its desire to end arbitration seeking higher prices for natural gas from eastern offshore KG-D6 block that it co-owns with Reliance Industries.

BP slumps into $6.5bn loss for 2015 on oil collapse

BP slumps into $6.5bn loss for 2015 on oil collapse

British energy giant BP Tuesday said that it slumped into a vast loss in 2015, ravaged by the dramatic collapse in oil prices.

BP for extending marketing, pricing freedom to gas fields

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

UK government tells BP it would oppose takeover: Reports

The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday.

Egypt conference agrees billions in investments

Egypt had signed investment deals worth billions of dollars by Saturday, the second day of a three-day conference aimed at reviving the country`s troubled economy.

BP unveils $12 bn investment in Egypt gas fields

British energy giant BP said Friday it would invest $12 billion (11 billion euros) in gas fields in Egypt together with Russian-owned partner DEA, calling it a "vote of confidence" in the country.

Energy giant BP says to cut 300 North Sea jobs

Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations on Thursday following a sharp drop in oil prices.

BP ''grossly negligent'' in 2010 US spill, fines could be $18 billion

A US judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly USD18 billion in fines to more than USD42 billion in charges the company took for the worst offshore environmental disaster in US history.

BP starts campaign to hire leaders

BP, Europe's second-biggest oil company, Tuesday started a recruitment campaign to select leaders for its refining and marketing business as also for IT services.

British energy secy meets Pradhan, discusses key issues

Weeks after Britain's BP and its partner Reliance Industries slapped an arbitration notice for delay in gas price hike, UK's Energy Secretary Edward Davey today met Oil Minister Dharmendra Pradhan to discuss outstanding issues.

BP chief meets Oil Minister Pradhan on India projs, gas price

With delays in regulatory nod and gas price revision frustrating its attempts to reverse falling gas output from KG-D6 field, BP chief executive Bob Dudley met Petroleum Minister Dharmendra Pradhan to press for early decisions.

Oil Min seeks legal opinion on BP arbitration notice

Oil Ministry has sought legal opinion on the arbitration notices slapped by British energy giant BP and Niko Resources of Canada against levy of penalties for KG-D6 gas production falling short of target.

BP seeks licence to sell jet fuel in India

BP Plc, Europe's second-largest oil company, has applied for licence to retail jet fuel or ATF at airports in India, Oil Secretary Vivek Rae said Wednesday.

Global energy demand growth slowing: BP Energy Outlook 2035

Global energy demand continues to rise but that growth is slowing and is mainly driven by emerging economies led by China and India, says the BP Energy Outlook 2035.

BP engineer guilty of obstructing oil spill investigation

A drilling engineer for British oil giant BP was found guilty Wednesday of destroying text messages in his smartphone, obstructing the investigation into the 2010 Gulf of Mexico oil spill.

BP wins reprieve over Gulf spill payouts: US appeals court

BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill to tighten standards in assessing claims, potentially sparing the oil company billions of dollars of extra costs.

BP tells court it did not dither in response to US Gulf spill

BP Plc unnecessarily delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill through dithering and indecision, according to allegations by plaintiffs' lawyers on Tuesday that the British company denied.