BP makes its largest oil and gas discovery in 25 years off coast of Brazil
Find at 300 sq km Bumerangue field is a potential major boost as company refocuses on fossil fuels
Find at 300 sq km Bumerangue field is a potential major boost as company refocuses on fossil fuels

Suriname, South America’s smallest and greenest country, is tying its future to a $10.5bn offshore oil development led by…

Energy groups are refocusing on exploration in anticipation of the world remaining hooked on fossil fuels for decades

Company renews focus on fossil fuels and believes Santos basin could be its largest find since 1999

Commitment eases concerns that Middle East war will cause Gulf states to review foreign investments

New technologies and regulatory reforms have boosted the offshore industry, 15 years after the Deepwater Horizon catastrophe

Future of UK oil major has been an open question for months as its shares have continued to slide