BP Begins Exploration Campaign on the Canadian Shelf
The leading international mining corporation BP is starting an exploration campaign on the Canadian shelf. The company’s plans include geological exploration with potential discoveries worth billions of barrels of oil. The drilling vessel Stena IceMax will drill the Ephesus F-94 well in the Orphan Basin offshore Newfoundland and Labrador. According …
BP Increased Gas Production From the Shah Deniz Field by 17% In the First Quarter
In the first quarter of 2023, BP-Azerbaijan produced 7 billion cubic meters of gas from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea, which is 16.7% more than in January-March 2022, Interfax-Azerbaijan was told in a press release. company service. The Shah Deniz field also produced …
Ilham Aliyev Expects for the First Gas From the Caspian Field “Absheron” This Year
Baku is waiting for the first gas from the Absheron field in the Caspian Sea already in 2023, Azerbaijani President Ilham Aliyev said at the fourth international conference on the topic “Formation of the geopolitics of Greater Eurasia: from past to present and future”, which is taking place in Shusha. …
BP Turns Profit in 1Q 2023, Output Up 5.8%
British energy company BP reported net profit of $8.218 billion for the 1st quarter of 2023. This is evidenced by the data of the company. BP is positive compared to a loss of $20.384 billion in the same period in 2022. Diluted EPS in 1Q 2023 was $0.46, significantly higher …
BP Revised Volumes of Oil and Gas Production Cuts
British BP has decided to increase investment in oil and gas projects and, as a result, reduce oil and gas production less than in 2019 – by 25% instead of 40%, planned earlier, by 2030, the company says. “BP expects oil and gas production to be around 2.3 million barrels …
BP Integrated Energy Company strategy update: Growing investment, growing value, growing distributions
Performing while transforming: Performing: 2022 EBITDA $60.7 billion; full year operating cash flow $40.9 billion; net debt $21.4 billion, lowest for almost a decade; ROACE 30.5%; full year tax $15.1 billion; strongest upstream plant reliability on record; lowest production costs in 16 years Transforming: investment in transition growth engines c. …
bp and thyssenkrupp Steel work together to advance the decarbonisation of steel production
bp and thyssenkrupp Steel today announced they have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. thyssenkrupp Steel accounts for 2.5 percent of CO2 emissions in Germany, …
bp: to Exit Rosneft Shareholding
The bp board today announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by bp, former bp group …
bp’s Fourth Quarter and Full Year 2021 Results and Update on Strategic Progress
bp today reports its full year results for 2021 and will also give an update on its strategic transformation, including accelerating its net zero ambition. The strong progress bp has made over the past few years has reinforced its confidence in the delivery of its earnings and returns targets for …
Strategic Cooperation Between Rosneft and BP Exceeds 20 Years
In 1996, the first BP gas station complex opened in Moscow. Currently, the brand’s network has 129 stations located in Moscow and the Moscow region, in St. Petersburg, Pskov, in the Leningrad, Tver, Smolensk and Novgorod regions. The network operator is now Rosneft. Today, the basis of strategic cooperation between …