BP Azerbaijan Suspends Operation at Oil Platform in Caspian Sea
BP, the operator of the project of developing the block of oil and gas fields Azeri-Chirag-Guneshli (ACG), has suspended the operation of Western Azeri platform to conduct the maintenance work, BP told Trend May 21. According to the plan, oil production from the platform has been suspended for about 22 …
BP: Q1 Results – Oil Price Hits Profits
BP today reported its results for first quarter of 2015. Underlying replacement cost profit for the quarter was $2.6 billion compared with $3.2 billion for the same period in 2014 and $2.2 billion for the fourth quarter of 2014. – Underlying replacement cost profit 20% down on year earlier, 15% …
The ROGTEC Interview: Martin Rylance, BP Engineering Manager, Fracturing & Stimulation, and Global Senior Advisor
Your title would suggest an active role in all play types as well as BP´s exploration activities. Please describe your role in the company and your goals. My role can be summarised as ensuring that all of BP’s pumping operations, fracturing, stimulation, chemical, intervention e.t.c. are coordinated within one team …
BP Standardizes on Schlumberger Technology for New Global Software Platform
Schlumberger announced today that the Petrel* E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been successfully completed for staff at the company’s business unit in Aberdeen, Scotland. “The Petrel platform is replacing an existing software toolkit to help …
BP: Loses Bid to Reduce Macondo Civil Fine
BP has lost its bid to reduce the maximum civil fine of $13.7bn (£8.9bn) it could face for its role in the 2010 Gulf of Mexico oil spill. A US judge rejected BP’s appeal to pay a cap of $3,000 per barrel under the country’s Clean Water Act. Government prosecutors …
BP: Global Energy Outlook 2035: Growing Gas and Shifting Flows
Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia – particularly in China and India – will drive continued growth in the world’s demand for energy over the next 20 years. According to the new edition of the BP Energy Outlook 2035, global demand for …
BP and SOCAR Sign Absheron PSA
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is part …
Shawcor: Awarded Second Contract Worth $200m USD for Shah Deniz Stage 2
ShawCor Ltd. today announced that its Bredero Shaw pipe coating division has received a second contract with a value of approximately US$200 million from BP Exploration (Shah Deniz) Limited for pipeline coating for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian …
BP: New Core Flood Robot Enhances Oil Recovery Techniques
BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures …
Emerson: BP Awards $40m USD Shah Deniz 2 Automation Contract
BP has awarded Emerson Process Management, a global business of Emerson, a contract in excess of US$40 million to be the Main Automation Contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Emerson will provide integrated control and safety systems to help …