BP Withdraws From Yakaar-Teranga Gas Project in Senegal
British oil and gas company British Petroleum (BP Plc) in early November ceased its participation in the development of the Yakaar-Teranga gas fields on the continental shelf of Senegal. Bloomberg reports this. Senegal and BP did not agree The company’s decision to withdraw from the project is motivated by disagreements …
BP Begins Production at the Seagull Field in the North Sea
British BP Plc has begun production at the Seagull oil and gas field in the British sector of the North Sea. The company’s press service reported this on November 6, 2023. Seagull deposit is being developed in conjunction with the Central Process Facility (CPF) that bp operates as part of …
Oil Production at ACG in 2023 was Carried Out from 136 Wells
Oil production from the Azeri-Chirag-Gunashli (ACG) block in January-September 2023 was carried out from 136 production wells, the press service of the bp company (operator for the development of the Azeri-Chirag-Gunashli, ACG) block of fields told Interfax-Azerbaijan. ). “In January-September 2023, six oil production, five water injection and one gas …
BP Begins Production at the Seagull Oil and Gas Field in the North Sea
British BP Plc has begun production at the Seagull oil and gas field in the British part of the North Sea, the company said in a press release. BP’s partners in this project are Neptune Energy and the Japanese JAPEX. The field, which was developed by Neptune Energy, is connected …
BP Increased Gas Production from the Shah Deniz Field by 11% in January-September
The BP-Azerbaijan company produced 20 billion cubic meters of gas from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea in January-September 2023, which is 11% higher than the figure for 9 months of 2022, the company’s press service told Interfax-Azerbaijan. The Shah Deniz field also produced …
BP Does Not Need Additional Oil and Gas Resources in the US
British energy BP does not need new oil and gas resources in the United States, said company CEO Murray Ashinkloss, commenting on media reports about possible new projects in this region. On Monday, Reuters, citing sources, wrote that BP is considering the possibility of creating joint ventures to increase shale …
BP Group Withdraws from Senegal’s Largest Gas Project
According to Bloomberg, this will increase the share of participation of the African government Energy group BP is negotiating an exit from the Yaqar-Teranga gas field project offshore Senegal, which will increase the African government’s share of participation. Bloomberg reported this. The Yakaar-Teranga field was discovered in 2016, the first …
The Heads of Eni and BP Believe That the World Needs Investment in Oil and Gas Now
Eni CEO Claudio Descalzi said it is dangerous to talk about peak oil demand before 2030 Global demand for oil and gas remains, and talk about its peak occurring before 2030 is dangerous, as it will lead to a decrease in investment and rising prices, says Claudio Descalzi, head of …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …