Politically, BP is trying to straddle both sides.

(Bloomberg) -- BP Plc’s new U.S. onshore oil headquarters in Denver serves as a testament to Colorado’s regal mountains, its expansive forests, its nature-loving culture.

(Bloomberg) -- MEG Energy Corp. rejected a C$3.05 billion ($2.34 billion) hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers, kicking off a bidding war for its prized Canadian oil-sands assets.

The midweek dip in the WTI following a US government report showing a higher-than-expected rise in crude stocks.

The West Texas Intermedia (WTI) crude oil price for November delivery fell by 3 percent Wednesday, losing $2.17 to settle at $69.75 a barrel.

Aker BP enters into an agreement with Equinor to acquire its 77.8% interest in the King Lear gas/condensate discovery.

Aker BP has entered into an agreement with Equinor to acquire its 77.8 percent interest in the King Lear gas/condensate discovery, located in the Norwegian North Sea, for a cash consideration of $250 million.

Aberdeen-headquartered EnerMech has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.

Aberdeen-headquartered EnerMech, a services BOP Blow Out Preventer repair company gulf coast focused on the energy and infrastructure sectors, has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.

An upcoming report could usher in produced water's transformation from a byproduct to a resource.

According to the Ground Water Protection Council (GWPC), a U.S.

The need for an oil oil rig flanges gulf coast production rebound is Mexico's most obvious economic reality.

Mexico’s oil sector has been in free fall since the 2004 peaking of Cantarell in the shallow waters of its Gulf, once the second largest oil field in the world only behind Saudi Arabia’s Ghawar.

Oil popped higher after an industry report showed an unexpected decline in US crude inventories.

(Bloomberg) -- Oil popped higher after an industry report showed an unexpected decline in U.S.

A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.

Throughout the years, advances in horizontal drilling and hydraulic fracturing have helped boost natural gas oil rig flanges gulf coast production in Texas.