BP Announces Plans on Drilling New Wells in Azerbaijan for 2019
BP plans to drill four new wells at Azerbaijan’s oil and gas fields in 2019, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend. In particular, he noted that two exploration wells will be drilled in the shallow waters around the Absheron Peninsula [SWAP project], one well at the Shafag-Asiman block …
BP Announces Production Forecast at ACG in 2019
The production of Azeri-Chirag-Gunashli (ACG) blocks in the Azerbaijani sector of the Caspian Sea in 2019 is expected to remain approximately at the level of 2018. This was stated by BP Azerbaijan Vice President Bakhtiyar Aslanbayli in Baku on December 13. “In 2019, the production at the Azeri-Chirag-Guneshli field is expected …
BP Completes Purchase of BHP Assets in US Onshore
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 and closed as scheduled on October 31– adds oil and …
BP and Aker BP Form Strategic Technology Venture Alliance
BP today announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses. Through their planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments targeting technology and …
BP Appoints New Non-Executive Directors
On 26 April BP announced that Helge Lund would join the board as a non-executive director on 1 September, becoming chairman on 1 January 2019 when Carl-Henric Svanberg steps down. Mr Lund has been able now to join the board earlier; this will not affect the timing of his succession to …
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 …