BP – Page 16 – Oil & Gas 360

Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

June 26, 2018

Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland. The lawsuits were filed last September against the five big oil companies alleging that the carbon emissions from their fossil

BP Signs Binding Gas Sales Agreement to Supply Gas to Alaska’s $45 Billion LNG Export Project

May 9, 2018

BP helps Alaska LNG shore up gas supply for project The wheels haven’t stopped turning in Alaska’s quest to lure the necessary resources that will push its long-desired LNG mega-project toward fruition. After sales trips to meet Asian customers, including a meeting in China with President Trump, and a lot of work behind the scenes, the Alaska LNG Project reached

BP Profits Surge as Output Grows, but Debt Rises

May 1, 2018

By REUTERS LONDON (Reuters) – BP <BP.L> reported a 71 percent jump in first-quarter profit on Tuesday driven by higher oil and gas prices and increased production as it undergoes rapid growth. At the same time, the London-based company saw its debt pile rise following $1.6 billion in payments to settle remaining lawsuits following the deadly 2010 Deepwater Horizon spill in the

BP Appoints New Chairman and President for BP America

March 20, 2018

Susan Dio succeeds John Mingé who will chair the National Petroleum Council study into carbon capture utilization and storage (CCUS) BP has appointed a new boss for its U.S. operations. Susan Dio, CEO of BP Shipping, has been appointed chairman and president of BP America Inc., Dio succeeds John Mingé, who will move to chair a study by the National

BP Names New President of U.S. Gulf of Mexico and Canada

January 29, 2018

BP appointed Starlee Sykes as its regional president for the Gulf of Mexico and Canada, effective Feb. 1, 2018. Sykes, who will continue to be based in Houston, currently serves as vice president for BP’s global projects organization for offshore projects. “Starlee is uniquely qualified to take on this important role, with more than 20 years of upstream experience

Major BP Projects for 2018

January 24, 2018

Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a

We are all about ‘Advantaged Oil’ and 21st Century Data Processing Capacity: BP

January 18, 2018

BP’s Chief Operating Officer for Developments and Technology James Dupree recently defined BP’s current upstream focus. The new focus was no doubt influenced by the commodities price downturn. Dupree said BP’s upstream priority is on what BP calls “advantaged oil.” “From an investment perspective, an advantaged oil project means a short cycle time for development (from finding the resource to

BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

November 21, 2017

BP’s U.S. onshore operations using drones, big data, augmented-reality smart glasses, multilateral wells “If you look at any industry, every single one is being turned inside out by technology,” Brian Pugh, Lower 48’s chief operation officer – production said. “The energy industry is no different.” BP said many of the new innovations being deployed across the Lower 48 business have

BP Chairman Carl-Henric Svanberg to Retire, Board Launches Successor Search

October 19, 2017

Guided BP through aftermath of Deepwater Horizon disaster BP Chairman Carl-Henric Svanberg has informed the company’s board of directors of his intention to retire as chairman. The company said Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post. Ian Davis, the BP board’s senior independent

BP Starts Production from Oman’s Unconventional Gas Field

September 27, 2017

Tight gas production techniques perfected in the U.S. expected to deliver 1 Bcf/day to Sultanate of Oman; two-phase project targets 10.5 Tcf of natural gas — BP holds 60% interest, Oman 40% BP has started producing natural gas from what it said is its largest project start-up in 2017. The Khazzan gas field, which is operated by BP in partnership

BP Begins Shipping NatGas to Industrial Customers, Independent Power Producers in Mexico

September 19, 2017

Delivering to 8 states – Nuevo Leon, Coahuila, San Luis Potosi, Veracruz, Mexico State, Guanajuato, Tamaulipas and Queretaro BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas to industrial users, local distribution companies and independent power producers in eight states in Mexico. BP said in a press

BP Chief says North Sea Costs are $15 per Barrel

September 11, 2017

Dudley credits standardization, simplification In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has cut production costs by half in the North Sea. “This focus on standardization, simplification and discipline on cost has contributed to our average production costs in the North Sea coming

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