BP will come under pressure at its annual meeting this week to explain how its decision to take a 20% stake in Russia's biggest oil company Rosneft is going to be affected by the country's standoff with the west over Crimea.
BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.
BP is closer to restoring its operations and reputation in the US after agreeing a deal with environmental protection authorities that it will enable the oil firm to bid for new drilling rights in the Gulf of Mexico.
Chevron plans to increase its oil and gas production by 20 percent by 2017, but most of the growth will be abroad, in part because U.S. policy isn't "pro-development," CEO John Watson told CNBC's "Closing Bell" on Tuesday.
Nigeria's president on Thursday suspended the governor of the country's central bank for "financial misconduct" and said his tenure was "characterised by various acts of financial recklessness"
Oil giant BP reported a drop in fourth-quarter profit due to lower profits in its refining and production business.
Governments need to deter oil speculators, set aside reserves of crude oil and take steps urgently to reduce their dependence on fossil fuels in order to escape price volatility that undermines stable economic growth, according to a report co-authored by one of Britain's top scientists.
Global greenhouse gas emissions are set to rise by nearly a third in the next two decades, putting hopes of curtailing dangerous climate change beyond reach, a new report by BP has found.
BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.
BP and Shell have been forced on the defensive by new allegations of price-rigging made in a US lawsuit brought by four oil traders.
BP has become embroiled in an acrimonious slanging match with one of the US Gulf states most affected by pollution from the Deepwater Horizon blowout in 2010 with the two sides trading blows over the oil company's cleanup record.