Chief executive Darren Woods says cost structure and tricky geology make its US Gulf business smaller than elsewhere ...

A single mysterious benefactor is shelling out hundreds of millions of dollars to help humans learn how to become an aquatic ...

US offshore driller Noble has decided to retire two of its deepwater drillships that have been sitting idle for a long time.

Transocean (RIG), a provider of offshore drilling services for oil and gas wells, looks to leverage its fleet, which is ...

Hamilton native Steve Haining and Brantford model Ciara Antoski have claimed another Guinness World Record for deepwater photography. Haining said his pictures of Antoski by a shipwreck in the ...

A re-iteration on some of the complex safety-critical systems that have failed a long time ago; as a result of the aligment of latent system failures with the active failures triggering catastrophic ...

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive Murray Auchincloss told staff on Jan 16 as the London-based ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

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BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans. The oil and gas giant will be cutting 4,700 jobs across its global workforce alongside 3,000 contractor roles.

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs. According to Bloomberg and Reuters and CNBC, which each cited a memo ...