BP: Gary Jones Appointed as Regional President for Azerbaijan, Georgia and Turkey
BP announced today the appointment of Gary Jones as the new regional president for Azerbaijan, Georgia and Turkey (AGT), with effect from April 2. Jones will be based in Baku, Azerbaijan, said BP in a message March 13. He is currently BP’s global head of drilling, completions and wells. “Gary …
BP: Getting Back To Growth
BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today. Following a presentation today in London, BP management teams will this week travel to London, Edinburgh, New York, Dallas, …
SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
Agreement will lead to further significant investment Current production from ACG is circa 620,000 barrels of oil equivalent per day Will create significant jobs in the years ahead BP will lead the partnership SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating …
RDCR – Announces the Advisory Board
The RDCR is pleased to announce the following advisory board for the 2017 RDCR, Drilling and Completions Roundtable. The advisory board will lend their support and technical expertise to guide and direct the direction of the sessions and discussions. We are very grateful to have their input into the event. …
Rosneft and BP Russia: Sign Collaborative Agreement with Schlumberger on Seismic Research and Development
Rosneft, BP and Schlumberger today announced agreements for collaboration on seismic research and development. The agreements were signed at the Eastern Economic Forum (EEF) in Vladivostok, Russia, by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. Schlumberger was represented by President for Russia and Central Asia Gokhan …
Yermak Neftegaz: Formed By BP and Rosneft to Explore the Yenisey-Khatanga Basins
Rosneft and BP have today signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation. The document was signed at the XX St. Petersburg International Economic Forum (SPIEF) by Rosneft CEO Igor Sechin …
SOCAR: Signs MOU with BP for Block D230 in the North Absheron Basin
SOCAR and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. On this occasion, the companies made following announcement:As part of the government’s plan to ensure that all of Azerbaijan’s offshore …
BP: Q1 Results – Strong Operation Performance, Cost Reductions on Course
BP today reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous quarter, lower costs throughout the Group more than …
Aker Solutions to Provide Global Subsea Engineering Services to BP
Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support. “We are …
BP Energy Outlook: Transition to a lower carbon future
Despite current weakness in global energy markets and the slowdown in China’s growth, demand for energy will continue to grow over the next 20 years and beyond as the world economy expands and more energy is required to power the higher level of activity. According to the 2016 edition of …