HOUSTON (Reuters) -British energy major BP will go ahead with developing a $5 billion offshore drilling project in the U.S. Gulf of Mexico, it said on Monday, underscoring its commitment to the U.S.

Once the sale is completed, BP's U.S. onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in the Eagle Ford assets. BP is scheduled to report third-quarter ...

British energy giant BP said it would proceed with its $5 billion Tiber-Guadalupe project in the Gulf of Mexico, its second new platform in the region in less than two years as it doubles down on ...

BP Plc reached a final investment decision on the $5 billion Tiber-Guadalupe project off the US Gulf coast, a major step in the energy giant’s drive to refocus its business on oil and gas. The ...