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 …
BP: Drills Second Exploration Well in Shallow Waters of the Absheron Archipelago
BP has started drilling a second exploration well in the shallow waters of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea. The works are carried out using the Satti jack-up floating drilling rig. Experts are working in the western section of the contract area, the well depth will …
Rosneft – BP Joint Venture: Names Field in Taymyr after Hero of the Russian Federation E.N. Zinichev
The State Reserve Commission (GKZ) confirmed the discovery of a new gas condensate field in the Taymyr Peninsula. The field with 384 billion cubic meters of gas reserves was discovered by exploration well No.1 drilled at the Verkhnekubinskoye subsoil area, the license for which is held by Ermak Neftegaz LLC, …
Igor Sechin: Made a Keynote Speech at a Special Session at the XIV Eurasian Economic Forum in Verona
Rosneft Chief Executive Officer Igor Sechin made a keynote speech at a special session “Reliable Energy and Global Energy Transition” at the XIV Eurasian Economic Forum in Verona (Italy). The event was also attended by ex-Chancellor of Germany and Chairman of the Board of Directors of Rosneft Gerhard Schroeder, Deputy …
Igor Sechin and Bernard Looney Hold a Meeting
During the Russian Energy Week-2021 (REW), a meeting was held between Igor Sechin, Chief Executive Officer of Rosneft, and Bernard Looney, Chief Executive Officer of BP. The parties discussed the prospects of cooperation development, including the possibility of gas supplies to Europe under an export contract between the companies. “Implementation …
Cognite: Signs New Agreement with bp to Provide Single Consolidated Data Layer for bp’s Well Pperations
Cognite, a leader in industrial innovation announced today that it has signed a multi-year agreement with bp (NYSE: BP) to use Cognite’s industrial dataops solution Cognite Data Fusion™ to empower its engineers and domain experts with better access to contextualized data in order to increase efficiency and sustainability of well operations. “bp is …