BP plc BP recently took initiative to further strengthen its ties with the U.S. through the approval of the Mad Dog Phase 2 project in the country. BP’s price chart reveals that its performance is ...

Energy giant BP Plc BP recently declared that it has awarded a contract to OneSubsea and U.K.-based Subsea 7 for the development of Mad Dog Phase 2 project in the Gulf of Mexico (GoM). Notably, ...

BP “advised” the subsea equipment maker to suspend work about three weeks ago, Gremp told analysts and investors on a quarterly conference call. The contract, disclosed just last month, will remain in ...

As BP's Mad Dog Phase 2 illustrates, cost overruns and delays for major projects are starting to become the norm among oil majors. The Mad Dog field is located in the southern Green Canyon area of the ...

The FINANCIAL — BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 ...

The French engineering firm was in "very advanced" stages of front-end engineering and design for the multi-billion spar-based development before BP told it to stop work, Pilenko said. Upstream ...

LONDON (Reuters) - Oil major BP (BP.L) has approved a $9-billion (7.14 billion pound) investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 ...

NEW YORK (Reuters) - BP Plc's (BP.L) decision to move ahead with a $9 billion (7.10 billion pounds) project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward ...

BP has given the go-ahead for the $9bn Mad Dog 2 oil project in the US Gulf of Mexico, in a decision that points to a way forward for offshore producers hit hard by the slump in crude prices. The ...