BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.
oil exploration
Breaking News
Dan Gertler of Oil of DR Congo wanted partners to develop oil in Lake Albert in Congo.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
Cobalt announced failure in Gulf of Mexico oil exploration site.
China intend to develop seven latest gas fields worth US4.9 billion in the East China Sea, a territory claimed by Japan.
Oil India Ltd., and Oil & Natural Gas Corp., will acquire Mozambique's Videocon Industries Ltd., to increase their overseas production and oil reserves.
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