oil and gas Tag

Iranian President Hassan Rouhani has announced that a new oil field in the Southwest of the country has been discovered, which could increase Iran’s proven crude reserves by around a third. "We have found an oil field with 53 billion barrels of oil in place, 53...

BP’s profits in the third quarter took a significant hit after taking a one-off US$2.6 billion charge linked to asset sales, however outgoing chief executive Bob Dudley said underlying cash flow and earnings remained strong in the period. The $2.6 billion charge resulted in a $700...

BP is on the brink of a new era after long-standing chief executive Bob Dudley announced he would be stepping down from the role, to be replaced by the oil major’s current head of exploration and production Bernard Looney. Since taking the top job in the...