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Aker Solutions secures two global engineering framework accords from BP

Submitted by Mark Venables on Tue, 2017-02-14 13:16

14th February 2017

Aker Solutions has secured new contracts from BP

Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP globally.

BP approves Mad Dog Phase 2 project in the Deepwater Gulf of Mexico

Submitted by Mark Venables on Sun, 2017-01-29 08:58

29th January 2017

BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.

BP and GE launch new offshore digital technology with plans to deploy globally

Submitted by Mark Venables on Sun, 2017-01-29 08:51

29th January 2017

BP and GE launch new offshore digital technology

BP and GE announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations.

BP to sell part of interests in Magnus field and Sullom Voe terminal in UK North Sea to EnQuest

Submitted by Mark Venables on Wed, 2017-01-25 08:16

25th January 2017

BP has announced it has agreed to sell part of its interests in the Magnus oil field and some associated pipeline infrastructure in the UK northern North Sea and in the Sullom Voe Terminal (SVT) on Shetland to EnQuest.

BP announces start of drilling on new carboniferous prospect in southern North Sea

Submitted by Mark Venables on Tue, 2017-01-24 08:35

24th January 2017

BP have announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open a new phase of development in the region.

BP agrees deal with Kosmos Energy

Submitted by Mark Venables on Sun, 2017-01-22 15:48

22nd January 2017

BP has signed agreements with Kosmos Energy to acquire a 62 per cent working interest, including operator, of Kosmos’ exploration blocks in Mauritania and a 32.49 per cent effective working interest in Kosmos’ Senegal exploration blocks.

BP announces further progress towards rebalancing organic cash flows in 2017

Submitted by Mark Venables on Tue, 2016-11-08 16:00

08th November 2016

Brian Gilvary, BP’s chief financial officer

BP has reported a profit for the third quarter of 2016 of USD933 million on an underlying replacement cost basis. This compares to USD720 million profit for the previous quarter and USD1.8 billion for the third quarter of 2015.

BP realigns senior executive team

Submitted by Mark Venables on Wed, 2016-02-03 06:56

03rd February 2016

Lamar McKay, BP Deputy Group Chief Executive

BP has announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period.

KCA Deutag’s offshore and RDS businesses awarded major contracts in Azerbaijan

Submitted by Editorial on Fri, 2016-01-15 13:54

15th January 2016

BP operated Central Azeri platform in the Azerbaijan sector of the Caspian Sea

Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited (“BP”).

BP to acquire additional interest in the West Nile Delta project

Submitted by Editorial on Fri, 2015-12-11 10:02

11th December 2015

BP Egypt has announced the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel.