BP

BP invests $30m in breakthrough technology to produce animal feeds from natural gas

Release date: 27 June 2019 Latest venturing investment will see natural gas transformed into protein for fish and animal feeds Technology has potential to help meet growing global demand for protein feed more sustainably BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for

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BP and partners sanction $6 billion Azeri Central East development offshore Azerbaijan

Release date: 19 April 2019 Next stage of development of giant ACG field in Caspian Sea New 100,000 barrel a day platform expected onstream in 2023 New development approved in 25th year of landmark partnership BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in

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BP publishes Delivered Ex-Ship Master Sale and Purchase Agreement template for LNG transactions

Release date: 29 March 2019 BP, one of the world’s leading producers and traders of liquefied natural gas (LNG), is the first major oil and gas business to publish its LNG Master Sale and Purchase Agreement template for Delivered Ex-Ship transactions (the BP DES LNG MSA). The BP DES LNG MSA allows either party to buy or sell physical LNG cargoes

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BP commits $100 million to fund new emissions reductions projects

Release date: 26 March 2019 Fund will support projects in BP’s Upstream business, building on strong progress already being made across Group On track to deliver ambitious emissions reductions and methane intensity targets Greenhouse gas emissions lower again in 2018, despite higher oil and gas output   BP today announced that it has established a $100 million fund for projects

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BP and Environmental Defense Fund collaborate to reduce methane emissions

Release date: 13 March 2019 Joint effort focuses on developing technologies and management practices to accelerate reductions of methane emissions across the global oil and gas industry  (HOUSTON, Texas) BP and Environmental Defense Fund (EDF) announced today a three-year strategic commitment to advance technologies and practices to reduce methane emissions from the global oil and gas supply chain. The agreement

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BP introducing new MARPOL-compliant marine fuel

Release date: 11 March 2019 BP Marine has announced that it will begin to retail low sulphur fuel that meets new MARPOL regulations limiting the sulphur content of marine fuels. BP is introducing a new very low sulphur fuel oil (VLSFO), with a maximum 0.5% sulphur content, following successful sea trials with fuel manufactured and supplied by BP in the

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BP and Eni agree new Oman exploration deal

15 January, 2019 British supermajor BP and Italy’s Eni have signed an agreement with the Ministry of Oil and Gas of the Sultanate of Oman for significant new exploration opportunities in the country. Under the heads of agreement, the two companies will work with Oman towards the award of a new exploration and production sharing agreement (EPSA) for Block 77

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Eni To Team With BP, Others in Growing Middle East Exploration Campaign

14 January 2019 Topics: Asset/portfolio management Offshore Onshore Eni CEO Claudio Descalzi (center) signed heads of agreement with Oman’s oil and gas ministry and BP for possible exploration of Block 77, located 30 km east of the BP-operated Khazzan Field. Source: BP. ADNOC BP Abu Dhabi UAE PTTEP eni Oman Bahrain Eni has gained a suite of new exploration opportunities

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BP plans six new exploration wells in Azerbaijan

11 January, 2019 British oil major BP has announced plans to drill six new exploration wells in Azerbaijan by 2020 after the successful start-up of the giant Shah Deniz field in the South Caspian Sea. According to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey, the company could find a new gas field that is as large as

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BP’s Seismic Innovations Used To Find Cheap Barrels Offshore

Stephen Rassenfoss, JPT Emerging Technology Senior Editor |09 January 2019 Topics: Petroleum reserves Petrophysics/geophysics The Atlantis platform in the Gulf of Mexico. Source: BP “Thunder Horse” BP ” seismic Na Kika “Delta House Manuel Atlantis nodes llog Wolfspar BP is reaping the rewards of its focus on advanced seismic imaging, announcing four significant additions to its oil resources in the

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BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad

Release date: 14 December 2018 BP Trinidad and Tobago (BPTT) today announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal  The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources. The project will involve the construction

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BP starts up Clair Ridge production

Date: 23 November 2018 Major UK North Sea development is sixth new upstream project to come on stream for BP in 2018. Targeting 640 million barrels of oil reserves; peak production of 120,000 barrels of oil a day. First offshore deployment of BP’s ground-breaking LoSal® enhanced oil recovery technology. BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, today announced

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DSDP: NNPC, BP Sign PMS Supply Agreement

1st November, 2018 As Baru Expresses Commitment to Sustain Products Availability As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International

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BP completes purchase of BHP assets in US onshore

Date: 31 October 2018 BP’s Lower 48 business changes name to BPX Energy, marking new era of growth HOUSTON – BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July

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BP receives OGA approval to develop Alligin field in North Sea

22 October 2018 New North Sea development targeting 20 million barrels of oil equivalent Part of BP’s programme to develop satellite fields through existing hubs £230 million capital investment, to produce 12,000 barrels of oil equivalent a day BP today confirmed it has received approval from the Oil and Gas Authority (OGA) to proceed with the Alligin development west of

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BP starts up Thunder Horse Northwest Expansion ahead of schedule and under budget

18 October 2018 Latest development at BP’s largest Gulf platform adds 30,000 barrels per day production Fourth major project start-up for BP in 2018 Houston – BP announced today that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget. This is the fourth

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BP and Eni to work together in Libya

09 October, 2018 UK supermajor BP, Italy’s Eni and Libya’s National Oil Corporation have signed a letter of intent to work together on exploration and production work in the North African nation, which has stalled since 2014 due to widespread unrest across the country. The parties agreed to work towards Eni acquiring a 42.5% interest in the BP-operated exploration and

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Eni, BP and NOC sign deal to resume Libyan exploration

The agreement aims to launch the acquisition process for Eni to obtain a 42.5% participating interest and the assignment of the operatorship in two onshore and one offshore contractual areas in Libya. 08/10/2018 Agreement will see Eni acquire a 42.5% stake and become operator of three of BP’s Libyan oil exploration areas in order to restart exploration activities and to

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