Post Tagged with: "BP"

Source: Delek

New Biz Dev Boss at Delek US

By Tyler Losier, Energy Reporter, Oil & Gas 360

Daryl Schofield named EVP of business development at Delek US Holdings
Delek US Holdings (stock ticker: DK), a downstream subsidiary of the Israeli-based Delek Group, has hired Daryl Schofield as the

India’s MRPL Buys its First U.S. Thunder Horse Oil

India’s MRPL Buys its First U.S. Thunder Horse Oil

From Reuters


India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday.

“The price offered was very …

Source: Alaska Gasline Development Corporation

Draft EIS Released for $43 Billion Alaska LNG Project

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alaska Gasline Development Corporation receives FERC input for large proposed gas export project
Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline

Source: Woodfibre LNG

Canadian LNG Company Signs SPA with BP

By Tyler Losier, Energy Reporter, Oil & Gas 360

Woodfibre LNG to deliver 0.75 Mtpa over 15-year period
Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP

Source: Comstock Resources

$2.2-Billion Haynesville Merger Creates New Basin Leader

By Tyler Losier, Energy Reporter, Oil & Gas 360

Comstock acquires Covey Park Energy for $2.2 billion
Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes

Cheniere, BP are the sellers

From Reuters

SOFIA, May 31 (Reuters) – Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the …

May 31, 2019 - 3:26 pm Closing Bell Story‎, Energy News, LNG
Greenpeace Blocks Entry to BP’s London HQ – Demands End to Oil Exploration

Greenpeace Blocks Entry to BP’s London HQ – Demands End to Oil Exploration

Activist to Dudley: immediately end oil exploration and switch to 100% renewables, or wind down the company; last month’s target was Shell

From Reuters

LONDON (Reuters) – Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one …

BP’s Tech Startups Paying Off – Lytt is like Downloading 1000 Netflix Films Simultaneously

BP’s Tech Startups Paying Off – Lytt is like Downloading 1000 Netflix Films Simultaneously

BP recently created BP Launchpad as a business incubator

From the Houston Chronicle

BP is getting into the startup business launching its own well technology business, called Lytt, with [other tech startups] on the way.

BP developed the acoustic, fiber-optics …

BP To Boost Gulf of Mexico Spending as Shale-Focused Rivals Pull Back

BP To Boost Gulf of Mexico Spending as Shale-Focused Rivals Pull Back

From Reuters

BP Plc on Monday announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling.…

BP Latest Oil Major to Exit China’s Shale Gas After Poor Drilling Results

BP Latest Oil Major to Exit China’s Shale Gas After Poor Drilling Results

From Reuters

European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week.

BP …

April 11, 2019 - 4:35 pm China, Closing Bell Story‎, Energy News, Natural Gas News
BP and Shell Both Claim to Be Number One in Investor Returns

BP and Shell Both Claim to Be Number One in Investor Returns

From Bloomberg

In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company.

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group …

March 29, 2019 - 5:01 pm Closing Bell Story‎, Energy News
BP’s Sale Plan Buried by Snow in Wyoming Oil and Gas Field

BP’s Sale Plan Buried by Snow in Wyoming Oil and Gas Field

From Reuters

BP’s plan to sell its interest in a half-million acres (202,340 hectares) of land in Wyoming dotted with 2,000 oil and gas wells has been put on ice.

Over 4 feet (1.3 meters) of snow fell this winter …

U.S. Buyers of Venezuelan Oil Sub in Shell, Bp Offshore Crude

U.S. Buyers of Venezuelan Oil Sub in Shell, Bp Offshore Crude

From Reuters

Sanctions on Venezuela’s oil industry have made winners out of Gulf of Mexico offshore heavyweights Royal Dutch Shell Plc and BP Plc as U.S. refiners in need of substitutes are scooping up oil produced in the region.

The …

March 25, 2019 - 2:33 pm Closing Bell Story‎, Crude Oil News, Energy News
BP Shah Deniz Stage 2 2018

BP has invested more money in Egypt than anywhere else in the last two years, CEO says

From CNBC

BP has invested more money in Egypt in the last two years than anywhere else, the oil giant’s Chief Executive Bob Dudley told CNBC.

“Today (the scale of our operations) is very big,” Dudley told CNBC Monday. “We …

February 12, 2019 - 4:03 pm Closing Bell Story‎, Energy News, International
BP Profit Soars, Fueled by Higher Output

BP Profit Soars, Fueled by Higher Output

From The Wall Street Journal

BP PLC tripled its annual earnings and swung to a fourth-quarter profit on increased output and higher crude prices, in line with other major oil companies that registered boosts on their balance sheets last year.…

February 5, 2019 - 4:51 pm Closing Bell Story‎, Energy News
After Billion-Barrel Bonanza, BP Goes Global with Seismic Tech

After Billion-Barrel Bonanza, BP Goes Global with Seismic Tech

From Reuters

Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.

The software used in the Gulf, …

January 21, 2019 - 11:11 am Closing Bell Story‎, Energy News, Offshore
Source: BP Offshore Azerbaijan

BP Thinks It’s Sitting on Another Giant Gas Field in the Caspian

From Bloomberg

BP Plc and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.

The British oil major intends to drill six new exploration wells in the …

January 10, 2019 - 4:56 pm Closing Bell Story‎, Energy News, Natural Gas News
BP Identifies 1.4 Billion Barrels of Oil in Gulf

BP Identifies 1.4 Billion Barrels of Oil in Gulf

Atlantis Phase 3 FID announced
BP (stock ticker: BP) has big plans for the Gulf of Mexico, as the company announced several new developments in the GOM today.

BP has approved Phase 3 development at the Atlantis field, authorizing a

Kosmos Energy Announces FID for Phase 1 of LNG Project

Kosmos Energy Announces FID for Phase 1 of LNG Project

Offshore gas resource estimated at 15 Tcf
Dallas-based deepwater oil and gas company Kosmos Energy Ltd (stock ticker: KOS) and its partners agreed today on a Final Investment Decision (FID) for Phase 1 of its Greater Tortue Ahmeyim project.

The

December 27, 2018 - 5:56 am Closing Bell Story‎, International, LNG
ConocoPhillips Closes BP Asset Swap

ConocoPhillips Closes BP Asset Swap

ConocoPhillips Closes Sale of 16.5 Percent Interest in Clair Field in United Kingdom and Acquisition of Additional 39.2 Percent Interest in Greater Kuparuk Area in Alaska

December 18, 2018 - 10:15 am Closing Bell Story‎, Press Releases
BP is Big on its Unconventional Buy, Gives Lower 48 a New Name: ‘BPX Energy’

BP is Big on its Unconventional Buy, Gives Lower 48 a New Name: ‘BPX Energy’

BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio.

The acquisition – which was announced in July and closed October 31– adds …

BP Breaks From Peers to Unleash Cash Bet on Oil Staying High

BP Breaks From Peers to Unleash Cash Bet on Oil Staying High

From Bloomberg

BP Plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile.

While Total SA and Equinor ASA both signaled last week they’re still keeping a …

GOM Producers Shut Down 324 MBOPD Pre-Michael

GOM Producers Shut Down 324 MBOPD Pre-Michael

Anadarko, Chevron, BHP, BP among affected producers in Gulf of Mexico

From Reuters/gCaptain

(Reuters) – Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 13 platforms as Hurricane Michael intensified and

October 9, 2018 - 12:30 pm Closing Bell Story‎, Offshore
How BP Found Shale Profits with VR Oilfield Technology

How BP Found Shale Profits with VR Oilfield Technology

From Reuters

In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s (BP.L) shale business turn a profit for the first time.

Thousands of automated wells feed data on their performance into the firm’s …

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 …

Thinking Ahead: Predicting 12 Million Electrics on UK Highways by 2040, BP Buys UK’s Largest EV Charging Company

Thinking Ahead: Predicting 12 Million Electrics on UK Highways by 2040, BP Buys UK’s Largest EV Charging Company

6,500 charging points brings opportunity for 10+ minutes of retail sales per visitor – adding varied types of energy to meet vehicle-owner demand to get customers to spend money at BP’s retail stores – about half of the gross margin

June 28, 2018 - 2:16 pm Closing Bell Story‎, Energy News, Transportation
Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

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

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.…

June 26, 2018 - 3:31 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles
BP Signs Binding Gas Sales Agreement to Supply Gas to Alaska’s $45 Billion LNG Export Project

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

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 …

May 9, 2018 - 12:17 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
BP Profits Surge as Output Grows, but Debt Rises

BP Profits Surge as Output Grows, but Debt Rises

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 …

May 1, 2018 - 11:40 am Closing Bell Story‎, Earnings, Energy News
BP Appoints New Chairman and President for BP America

BP Appoints New Chairman and President for BP America

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 …

March 20, 2018 - 12:56 pm Closing Bell Story‎, Oil and Gas 360 Articles, People