BP Realigns Senior Executive Team
BP today announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period. McKay will be succeeded …
BP Reports Full Year and 4Q 2015 Results: Dividend Remains Unchanged
BP today reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit1 for the full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth …
KCA Deutag: Wins $1bn All Option Contract from BP in Azerbaijan
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited (“BP”). These contracts have a combined value of approximately $360m for the initial contract or $1bn including all options. The first contract has been awarded to our …
BP: Purchases 20% of Taas-Yuryakh Neftegazodobycha LLC from Rosneft
Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of the Srednebotuobinskoye oil and gas condensate field which is …
BP Study Sees Technology Boosting Energy Supplies, Providing Path to Lower Carbon Future
BP Technology Outlook predicts secure and sustainable energy future through application of existing and new technologies Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over — and help pave the way to a lower carbon energy mix, according to data …
BP: Q3 Results – Targeting $60 a Barrel
BP today reported results for the third quarter of 2015 and set out a medium-term financial frame to balance cash flows by 2017 at around $60 per barrel. – Plans for balanced cash flows by 2017 at around $60 per barrel and growth in sustainable free cash flow beyond – …
Caspian Technical Conference and Exhibition: Obtains Ministry of Energy Official Support
The Society of Petroleum Engineers (SPE) is delighted to announce that this year’s Caspian Technical Conference and Exhibition has obtained the official support of the Ministry of Energy, and that Natig Aliyev, Minister of Industry and Energy of the Republic of Azerbaijan has been invited to address the conference at …
Oil and Gas Climate Initiative: CEO’s Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …
Oil and Gas Climate Initiative: CEO's Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …
Magma Global signs joint development agreement with BP and Subsea 7
Additional support from UK Government (Innovate UK) and National Composite Centre Magma Global is pleased to announce the signing of a joint development agreement with BP and Subsea 7 in a project to qualify Magma’s carbon fibre m-pipe® as the next generation of subsea pipelines. The programme is also supported …