BP Starts-up Landmark Shah Deniz 2 Development in Azerbaijan
BP and its partners in the Shah Deniz consortium today announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey. BP-operated $28 billion project starts-up on time and on budget Provides gateway for new supplies of energy into Europe …
GlobalData: BP’s acquisition of Chargemaster essential for future growth as electric vehicles set to reach 90% of all car sales by 2050
Following yesterday’s news (Thursday 28 June) that BP is acquiring Chargemaster, the largest charging infrastructure company in the UK, Harminder Singh, Director for Power at GlobalData, a leading data and analytics company, offers his views on this development: ‘‘In a significant move, BP has acquired Chargemaster, the UK’s largest electric …
SOCAR and BP Sign New Production Sharing Agreement for Azerbaijan Exploration
New deal to explore new Caspian opportunities Potential to support Azerbaijan’s long-term production SOCAR and BP today signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The PSA was signed …
BP Technology Outlook 2018
BP today published the second edition of the BP Technology Outlook. The report considers the potential impact of advances in technology throughout the global energy system to 2050, without predicting policy. It explores five areas where BP believes technology can play a game-changing role: Energy efficiency; digital; renewable power; energy …
BP: Robust Adoption of Electric Vehicles Would Not Stop Oil Consumption Growth
Even a robust adoption of electric vehicles (EVs) over the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said on 20 February as the company introduced its 2018 Energy Outlook. And to meet the goals of the …
Rosneft: Agrees with BP to Explore the Kharampurskoe and Festivalnoye Licence Areas
Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
Energy Markets in Transition: BP Statistical Review Shows Long-Term Shifts Underway
Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use Carbon emissions flat for third year, driven by weak energy demand and cleaner energy mix The 2017 edition of the BP Statistical …
Shah Deniz 2: Top Sides Set Sail
The Shah Deniz consortium are pleased to announce the sail away of the first topsides unit built for the Shah Deniz Stage 2 platforms. The official sail away ceremony, held in Baku today, was attended by H.E. President Ilham Aliyev of the Republic of Azerbaijan. The Quarters and Utilities (QU) …
BP Takes Leap Forward in Seismic Imaging Technology
Using new technique, BP finds significant additional resources in the Gulf of Mexico HOUSTON – BP today announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this …