bp’s Second Quarter 2021 Results and Webcast Reminder
Strong results and continued net debt reduction in an improving environment Operating performance was resilient in the second quarter with four major project* start-ups, strong momentum in the customers business, including material growth in convenience gross margin*, and delivery of $2.5 billion of cash costs* savings on a run-rate basis …
SPE’s 8th Annual Caspian Technical Conference Returns to Baku
The Society of Petroleum Engineers (SPE) will hold the 8th edition of the Caspian Technical Conference (CTC) across 5-7 October 2021. Returning to Baku, Azerbaijan, this year’s theme covers: ‘Adapting to New Realities – Maximising Efficiencies and Productivity’. The oil and gas industry has experienced highs and lows in recent times …
Rosneft: Production Results Per Q1 2021
Sustainable Development (ESG): In February 2021, Rosneft and bp signed a Strategic Cooperation Agreement, which aims to support the activities of both companies in the field of carbon management and sustainable development. The companies agreed to jointly develop new low-carbon approaches and programs, as well as work to identify potential opportunities …
Aggreko and bp Exploration Agree on Power Supply of Azeri Central East Offshore Platform in Azerbaijan
Aggreko has won bp Exploration’s tender to power the new offshore Azeri Central East platform in the Caspian Sea. In March 2021, Aggreko provided bp with offshore and onshore diesel generation in excess of 8 MW, load stands with a total capacity of 15 MW for testing, air compressors and …
bp Provides Update on Progress Towards $35 Billion Net Debt Target
bp today provides an update on the expected timing of reaching its $35 billion net debt target including the delivery of disposal proceeds and performance during the first quarter of 2021. “We are pleased to announce that we now expect to have reached our $35 billion net debt target during the first …
3t Energy Group Wins Prestigious Contract with Chrysaor
3t Energy Group has secured a contract with the UK’s largest oil and gas operating company, Chrysaor, to manage the training of its entire UK workforce using the latest innovative digital learning technologies. The significant contract will run for an initial three years with an option to extend for a …
bp Plans UK’s Largest Hydrogen Project
bp today announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year, equivalent to capturing the emissions from the heating …
bp: Joins IBM’s Quantum Network
bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. By joining the IBM Quantum Network™ as an Industry Partner, bp will have access to IBM’s quantum expertise and software and cloud-based access to the most advanced quantum computers available via …
Rosneft and bp: Agree to Cooperate on Carbon anagement and sustainability
Rosneft Oil Company and bp have signed a Strategic Collaboration Agreement focused on supporting carbon management and sustainability activities of both companies. The agreement builds on years of partnership between the two companies and formalises key elements of their collaboration on sustainability and work to identify carbon reduction activities and …
Rosneft: Mathematical Modeling Increases Samotlorneftegas’ Production by 1%
At the Samotlor field, Rosneft is successfully implementing innovative methods of integrated mathematical modeling for the integrated optimization of oil production at mature assets. The unique technology, tested at 515 wells of Samotlor, made it possible to increase oil production by 1% in 13 months. Digitalization in all areas of the …