British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is ...

XOM's natural gas find off Egypt's coast could help the nation reverse its declining production and regain its status as a ...

ExxonMobil has made a potential play opening discovery in Egypt's frontier Herodotus basin on a prospect that, before ...

A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil , BP and Shell liable for misleading the public ...

BP is cutting around 7,700 jobs (5% of its workforce) to reduce costs and improve its financial performance for investors.

As more drilling locations in the Permian are now in the hands of large listed firms, investor demands for high returns trump ...

Also Ann Arbor, Mich.-based private equity firm Speyside Equity Advisers has acquired GSC Technologies Inc., a maker of totes ...

BP told staff on Thursday its plans would impact around 4,700 roles and that it would also reduce contractor numbers by 3000.

The CEO of the Italian oil company Eni, Cláudio Descalzi, assured Mozambican president Daniel Chapo that he plans to expand ...

Utility companies are responsible for fewer wildfires than those started by human activity, but still tend to be more destructive. According to researchers at University of California, Berkeley, ...

Volkswagen's chief financial officer said in comments to investors seen by Reuters on Wednesday that the next step to making ...

Kazakhstan is stepping up oil production at its Tengiz field, boosting demand for crude tankers. Tengizchevroil plans to hike ...