BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...

BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...

TechnipFMC has won a large contract for work on BP’s Tiber development in the US Gulf, the UK supermajor’s second project in the region to deploy technology that can handle 20,000 pounds per square ...

The Indian government is demanding over $30 billion in compensation from Reliance Industries and BP for their failure to produce contracted gas volumes from two offshore fields, Reuters reported today ...

NEW DELHI, Dec 29 (Reuters) - India is seeking over $30 billion in compensation from Reliance Industries (RELI.NS), opens new tab and BP (BP.L), opens new tab in an arbitration case for gas it says ...

Evercore ISI downgraded BP (BP) to In Line from Outperform with an unchanged price target of $38. The firm cites the stock’s recent outperformance along with its elevated commodity leverage, macro ...

The deepwater drilling giant Transocean has secured new work for two drilling units in Brazil and Norway. The new work – comprising one new contract and one contract extension – has a combined value ...