Rules to prevent ‘enormous waste’ of fuel are seen as weak and poorly enforced, meaning firms have little incentive to stop.

News that Shell and BP were involved in tie-up talks on Wednesday reignited chatter about the potential for an oil industry megamerger on a scale unseen since the 1990s. But analysts consulted by ...

SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.

Libya's National Oil Company signed agreements with BP and Shell to conduct studies for hydrocarbon exploration and development at three Libyan oilfields.

The British energy giants signed agreements with Libya's National Oil Corp. to study new opportunities, joining international majors accelerating their return to the oil-rich African nation.

BP Plc to reopen office in Libya by 2025, signs agreement with NOC for new exploration opportunities. Shell also involved in development initiatives.

BP Plc appointed Simon Henry, a longtime Shell veteran, to its board of directors as the UK energy giant seeks to turn around its fortunes.

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.

Shell has doubled down, denying rumors it is in early talks to buy rival U.K. energy giant BP, but it's not the first time the company has been the subject of takeover speculation.

Oil and gas giant Shell has publicly denied the rumors that it is looking at purchasing BP in a deal that could total $80 billion. That would make it the largest merger in the industry this ...

LONDON (AP) -- British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP.