At a celebration of BP's centennial last October, CEO Tony Hayward boasted to guests that the oil company "lives on the frontiers of the energy industry."
Asset manager Blackstone Group said Friday it is paying $542.7 million to take Dynegy Inc. private in a three-way deal that will see Dynegy also sell four power plants to NRG Energy Inc.
Now that BP appears to have vanquished its ruptured well, authorities are turning their attention to gathering evidence from what could amount to a crime scene at the bottom of the sea.
Tony Hayward, who resigned as chief executive of BP in the wake of the Gulf oil spill, has said that he was turned into "a villain for doing the right thing."
BP's incoming CEO Robert Dudley faces the daunting task of fixing a company saddled with huge liabilities, a broken culture, strained government relations and a badly damaged brand.
Google Inc. has signed a 20-year contract to buy power from an Iowa wind farm as part of the Internet search leader's effort to cut the pollution caused by its rising demand for energy.
China has overtaken the United States as the world's largest consumer of energy, according to data from Paris-based International Energy Agency. China rejected the data.
Although Americans rely on plastic made from petroleum and natural gas in virtually every aspect of our lives, just a fraction of our plastic waste is getting recycled.
BP's embattled CEO flew to Abu Dhabi and met with the wealthy emirate's influential crown prince amid speculation the oil giant is looking to raise cash.
BP is seeking a strategic investor to fend off any takeover attempts as it struggles with the Gulf oil spill, newspapers say. BP also reportedly asks for help in paying for the cleanup.
Oil giant BP PLC is floating a financial lifeline to the owners, operators and suppliers of the gas stations around America that bear its name and have been hit by boycotts.
Royal Dutch Shell says rising demand means deep-water drilling must continue, but that competitor British Petroleum's massive Gulf of Mexico spill offers lessons.
BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history.