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

Libya’s National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and ...

Oil Majors BP and Shell have made agreements with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said on Monday.

British energy giants BP Plc and Shell Plc signed agreements with Libya’s National Oil Corp to study new opportunities, joining international majors accelerating their return to the oil-rich ...

BP's stock price jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company.. Shares of BP jumped $3.11, or 10%, to $32.94 ...

Shell denied that it was in talks to buy BP after the Wall Street Journal reported Wednesday that the oil major was in early discussions over a takeover of its British rival.

Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the ...

Right now, it isn’t. Assume Shell offered a typical 30% premium, valuing BP’s equity at $100 billion. Add in BP’s $27 billion of net debt, $13 billion of leases and $17 billion of hybrid ...