British oil giant BP said Thursday it will pay US firm Devon Energy 7.0 billion dollars (5.1 billion euros) for assets in Brazil, Azerbaijan and the Gulf of Mexico. "BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly ...

Helix Energy Solutions seeks to divest entire oil and gas business, focus on contractingOil services provider Helix Energy Solutions Group Inc. said Monday it plans to sell its entire oil and gas business in order to transform into a contracting services company focused on deepwater wells and subsea construction. While ...

Anadarko increases capital spending in 2010, will focus on drilling domestic operationsAnadarko Petroleum Corp. said Tuesday it plans to boost capital spending this year by as much as 22 percent as it focuses on exploration and development of new oil fields in or around the U.S. The oil company ...