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 …
BP’s Fourth Quarter and Full Year 2018 Results and Strategy Update
BP’s full year results for 2018 show business momentum building with earnings more than doubling, returns nearly doubling, and reliability at record levels More than double full-year earnings, near double returns Underlying replacement cost profit for full year 2018 was $12.7 billion, more than double that reported for 2017. The fourth …
BP to Support Investor Group’s Call for Greater Reporting Around Paris Goals
BP said today that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investor participants of the Climate Action 100+ initiative have proposed a resolution to …
BP Talks Deep Gas Production at ACG in Azerbaijan
BP is planning to start deep gas production in the Azeri-Chirag-Gunashli (ACG) block located in the Azerbaijani sector of the Caspian Sea. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend on January 28. He said that deep gas at the ACG …
BP Invests in New Artificial Intelligence Technology
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business. The investment supports BP’s ongoing work exploring opportunities to apply machine learning and cognitive computing in its global oil and gas business. The Houston …
Shah Deniz Celebrates 100 Billion Cubic metres of Total Gas Production
The total gas production from the Shah Deniz field has reached 100 billion cubic meters. The milestone was achieved at the end of December, exactly 12 years after the first announcement of the start-up of commercial gas production from the field and operations of the South Caucasus Pipeline, BP Azerbaijan told …