Dana announces Babbage gas start-up
ABERDEEN-BASED oil and gas operator Dana Petroleum said yesterday that gas production had begun at the Babbage field in block 48/2a in the UK southern North Sea.
Gulf oil spill battle now close to the end, says US president
BP claimed success in plugging its catastrophic oil leak yesterday as President Barack Obama said the battle to stop the Gulf of Mexico spill was "finally close to coming to an end".
Call to block deep-sea drilling by BP
Environmental campaigners have called on the UK Government to halt BP plans to begin a deep-sea drilling operation west of Shetland in the wake of the Gulf of Mexico disaster.
Time to scale back clean-up, says BP boss
The massive effort to clean up the Gulf of Mexico oil spill must be scaled back now, BP's new chief executive officer said yesterday.
Shell results eclipse those of rival BP
Energy supermajor Royal Dutch Shell put beleaguered rival BP in the shade yesterday with a 34% year-on-year rise in second-quarter profits to £2.7billion.
Greenpeace activists shut down filling stations
BP PETROL stations were shut down by activists yesterday in an attempt to urge the oil company to adopt greener energy policies.
I was demonised, says boss as BP plunges into the red
BP chief executive Tony Hayward headed for the exit door last night claiming he had been "demonised and vilified" in the wake of the Gulf of Mexico disaster.
BP’s Hayward tipped to quit top post for role in Russia
Outgoing BP boss Tony Hayward will be offered a board role within the group's Russian joint venture when he stands down, it was reported yesterday.
Oil leak crews hope for weather window
Crews hurried to get back to work on plugging BP's leaky oil well after Tropical Storm Bonnie fizzled out and engineers hoped for a window of clear weather long enough to stop the gush for good.
Hayward ‘to be replaced’ as boss of BP
BP chief executive Tony Hayward is being replaced over his handling of the Gulf of Mexico oil spill, a senior US government official said.
BP hopes to block rogue well by end of month
The BP oil leak could be plugged permanently within a fortnight, US experts said yesterday.
BP shares tumble amid new fears
Shares in oil giant BP fell nearly 5% yesterday amid fears about possible seepage from its capped Gulf of Mexico well.
Call to end cash support for climate sceptics
Environmentalists have called for an end to campaigns designed to slow action on global warming, after it emerged oil giant Exxon Mobil was still funding "climate sceptic" organisations.
BP confirms commitment to North Sea amid selloff talks
Oil giant BP reiterated its commitment to North Sea operations yesterday after further details emerged of its plans to sell off more assets.
‘No more oil’ leaking into Gulf of Mexico
BP said last night that oil has stopped leaking into the Gulf of Mexico for the first time since April.
Oil firms will resist EU safety move
Energy firms will oppose any European bid to tamper with North Sea safety laws.
Transocean safety in the spotlight
THERE have been more than 100 safety incidents in the last three years on oil rigs in UK waters owned by the same firm as the Deepwater Horizon platform which exploded in the Gulf of Mexico, official figures revealed yesterday.
BP looking to ward off any approach by predators
Oil group BP is thought to be looking to sell up to £6billion of shares to strategic investors as part of a defence strategy to ward off hostile takeover bids.
Oil find offers huge potential to industry
A group of companies has made what could be one of the biggest North Sea oil discoveries in nearly a decade.
Offshore ban set to hit oil supplies
Oil executives yesterday warned that President Barack Obama's six-month ban on deepwater drilling would hit world supplies.
US investigators accuse BP of calculated strategy to cut costs
BP faced accusations in the US yesterday that it caused the worst oil spill in American history because of a calculated strategy to cut costs.
Oil spill costs have topped £1bn so far, says BP
BP said yesterday that the total cost of the oil spewing into the Gulf of Mexico had hit more than £1.1billion so far.
BP pauses operation to plug oil leak
BP temporarily halted its attempt to plug the Gulf of Mexico oil leak last night, saying it wanted to monitor the effects of the "top kill" attempt.
BP in new attempt to plug leaking US oil well
BP last night launched its latest bid to plug the gushing well in the Gulf of Mexico by force-feeding it heavy drilling mud -- a manoeuvre never before tried at 5,000ft under water.
Pressured BP to show live feed of oil spill ‘top kill’ bid
BP has agreed under pressure to show a live feed of a procedure called a "top kill" designed to choke off the oil spill in the Gulf of Mexico, a US government source said yesterday.