BP plc BP, the British oil and gas giant, has announced job cuts to reduce its global workforce as part of its cost-cutting initiatives to restore investors’ confidence in the energy stock. The ...

The company employs 90,000 people worldwide and the internal job cuts represent around 5% of its workforce.

The FTSE 100 oil giant said it has delayed next month's Capital Markets Day to allow chief exec Murray Auchincloss (pictured) to recuperate.

BP plc BP, the UK-based energy major, has reached a milestone in its ambitious Greater Tortue Ahmeyim (“GTA”) liquefied natural gas (LNG) project, located off the coasts of Mauritania and Senegal.

The full commissioning of Golar LNG’s floating liquefied natural gas (FLNG) unit Gimi has started with the injection of first ...