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.
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".
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.
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.
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.
BP PETROL stations were shut down by activists yesterday in an attempt to urge the oil company to adopt greener energy policies.
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.
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.
BP chief executive Tony Hayward is being replaced over his handling of the Gulf of Mexico oil spill, a senior US government official said.
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.
The BP oil leak could be plugged permanently within a fortnight, US experts said yesterday.
Shares in oil giant BP fell nearly 5% yesterday amid fears about possible seepage from its capped Gulf of Mexico well.
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.
Oil giant BP reiterated its commitment to North Sea operations yesterday after further details emerged of its plans to sell off more assets.
BP said last night that oil has stopped leaking into the Gulf of Mexico for the first time since April.
Energy firms will oppose any European bid to tamper with North Sea safety laws.
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.
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.
A group of companies has made what could be one of the biggest North Sea oil discoveries in nearly a decade.
Oil executives yesterday warned that President Barack Obama's six-month ban on deepwater drilling would hit world supplies.
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.
BP said yesterday that the total cost of the oil spewing into the Gulf of Mexico had hit more than £1.1billion so far.
June 8: SPE International Oil & Gas Conference & Exhibition, Beijing, China. Organiser: Society of Petroleum Engineers - e-mail email@example.com
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 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.