Gulf Times - BP
Iraq and BP sign deal to boost Kirkuk crude output: oil ministry

Iraq and BP sign deal to boost Kirkuk crude output: oil ministry

Iraq signed a memorandum of understanding with BP on Thursday to boost production capacity at its northern Kirkuk oilfields, the country's oil ministry said in a statement.

BP to take $1.5bn hit on US tax reforms

BP to take $1.5bn hit on US tax reforms

British energy major BP said Tuesday that it expected to take a $1.5-billion (1.2-billion-euro) hit from US President Donald Trump's tax reforms.

BP can keep ‘reduced spend level’ for another 3 years

BP can keep ‘reduced spend level’ for another 3 years

An attendee walks past a BP chart during the 2016 Offshore Technology Conference (OTC) in Houston, Texas, US...

BP, Det norske agree $1.3bn Norway businesses merger

BP, Det norske agree $1.3bn Norway businesses merger

Oil companies BP and Det norske have agreed to merge their Norwegian businesses in a $1.3bn all-share deal to cut costs, challenge Statoil’s dominance of the local industry and look for more acquisitions.

Oil bosses upbeat on market rebound

Oil bosses upbeat on market rebound

Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year.

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 on Tuesday posted the company's biggest loss in at least 20 years, ravaged by tumbling oil prices, and axed another 3,000 jobs.

BP says to axe 4,000 jobs globally on oil price slide

BP says to axe 4,000 jobs globally on oil price slide

British energy major BP said Tuesday that it will axe more than 4,000 jobs worldwide over the next two years in response to collapsing oil prices.