BP 'to review global operations'
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Oil giant BP is planning to review its global operations in response to last year's Texas refinery blast, a report says.
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BP will announce shortly that it is returning to Libya, UK officials say.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday  thanks to high oil prices, but analysts said higher capital  expenditure plans raised some concerns about the extent of  future share buybacks.
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BP Plc, Europe&#39;s largest oil company, said it evacuated 500 non-essential workers from offshore rigs near Trinidad and Tobago as Hurricane Ivan approached the Caribbean country.
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A series of scandals at oil giant BP  Plc's U.S. operations, has shaken investors' faith in its head  John Browne and prompted some to re-examine the record of a man  often rated among the world's most respected CEOs.
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Oil giant BP Plc  expects the  replacement of corroded pipelines at the Prudhoe Bay oil field  in Alaska to cost around $100 million, a company source said on  Thursday, but the total cost to BP will likely be several times  this figure.
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The U.S. Chemical Safety Board said on Thursday it was sending investigators to probe the latest death at BP Plc.'s giant Texas refinery.
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Ecuador has started to examine its oil agreements to determine if private companies have breached their contracts with the nation, South Americaâs fifth-largest oil producer, the energy minister said. âA committee will look into all contracts. It will review all we need to review and we are seeking transparency,â the oil minister, Alberto Acosta, said. The nine-member committee of energy officials and specialists is examining exploration and development contracts, which are mostly in the hands of foreign oil companies like Petrobras of Brazil and Repsol-YPF of Spain.
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BP is to continue pumping oil from part of a giant field in Alaska, where a corroded pipeline sprang a leak last week, and aimed to raise output to 200,000 barrels per day.
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John Browne, chief executive of energy giant BP, will announce on July 25 that he intends to retire in 2008 on reaching the company's retirement age of 60, according to a newspaper report.
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BP and Shell are on track to unveil record quarterly profits helped by surging world oil prices, press reports claim.
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The U.S. Chemical Safety Board said on Thursday it was sending investigators to probe the latest death at BP Plc's giant Texas refinery.
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Russian authorities meet to decide whether to withdraw a licence for BP's joint venture gas field in East Siberia.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter earnings on Tuesday on  the back of high oil prices.
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VICTORIA (CP) - Prime Minister Paul Martin's cabinet will review the controversial moratorium preventing offshore oil and gas exploration off British Columbia's north coast, a delegation of B.C. cabinet ministers was told Monday.
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Halliburtonâs chief executive said it is gearing up to handle more oil field service work in the Middle East, Asia and Latin America, but pricing declines in North America are still a concern.
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BP, the worldâs second-biggest oil company, said production over the third quarter would be about 3.88 million barrels a day. That was an 11 per cent rise on the same period the year before and was helped