Why BP Supports a Fast Transition to Low Carbon
The wide and growing concerns about climate change will be clearly visible in Aberdeen today at the BP annual general meeting. We at BP understand these worries and share them. That is why I was pleased to take on the chairmanship earlier this year to support the transformation being led …
Shearwater GeoServices Brings 10th Vessel Into Active Operation as Marine Seismic Acquisition Market Gains Traction
Shearwater is pleased to announce that the company will have a total of 10 vessels in operation for the 2019 northern hemisphere summer season. This extensive fleet is brought into operation on the back of solid backlog and provides marine seismic acquisition services spanning towed and seabed activities in response …
NC KazMunayGas and BP signed Memorandum of Understanding
On May 17, 2019, NC KazMunayGas JSC and BP signed a Memorandum of Understanding, under which the companies agreed to examine the existing technical data, existing assets of KMG and third parties. The companies also intend to consider the possibility of further cooperation. source
BP and partners sanction $6 billion Azeri Central East development offshore Azerbaijan
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 the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels …
BP Commits $100 Million to Fund New Emissions Reductions Projects
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 …
BP and Environmental Defense Fund Collaborate to Reduce Methane Emissions
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 enables joint collaboration on projects that test technologies and emerging strategies to continue to improve methane management. Working with …
BP to Ramp Up Azeri Shah Deniz Gas Output, Sees Flat ACG Oil Production
BP plans to ramp up production at Azerbaijan’s Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said. A BP-led consortium said last week that it produced on average 584,000 barrels per day of oil …
Plexus Holdings PLC: Russian Licensee Awarded Gas Exploration Drilling Contract by Gazprom
First major contract for POS-GRIP rental exploration wellhead equipment secured by Russian licensing partner with global energy giant Gazprom Covers the first year of a five-year jack-up gas exploration drilling programme which provides additional revenue stream for Plexus under existing Licence Agreement Breakthrough order in what is a key market …
BP Energy Outlook for 2019
The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid …
BP to Conduct Seismic Survey on Block D230 for 2019-2020
BP Azerbaijan is planning to conduct three-dimensional seismic exploration on the D230 block in the Azerbaijani sector of the Caspian Sea in 2019-2020. This is stated in the Environmental and Socio-Economic Impact Assessment (ESIA) document for the seismic exploration program on BP-Azerbaijan’s D230 block, Report informs. According to the document, the seismic survey will …