Post Tagged with: "BP"

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

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

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 …

Major BP Projects for 2018

Major BP Projects for 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, …

Source: BP Offshore Azerbaijan

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

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.”…

January 18, 2018 - 6:23 pm Closing Bell Story‎
BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

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

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 …

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

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

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 …

BP Starts Production from Oman’s Unconventional Gas Field

BP Starts Production from Oman’s Unconventional Gas Field

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 …

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

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

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 …

BP Chief says North Sea Costs are $15 per Barrel

BP Chief says North Sea Costs are $15 per Barrel

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 …

BP Makes Moves

BP Makes Moves

Out of Azerbaijan, and Into India

A current existing deal between international oil giant BP (ticker: BP) and SOCAR in the Azeri-Chirag-Guneshli (ACG) field is due to expire in 2024.

A new plan will take SOCAR’s stake in the field …

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 22 in Denver – August 13-17, 2017

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 22 in Denver – August 13-17, 2017

Presenters added to EnerCom’s Oilfield Tech & Innovation Day – Aug. 17, 2017

EnerCom has announced the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown.

The four-day …

BP Sees Its Unit Production Costs 40% Lower than 2013

BP Sees Its Unit Production Costs 40% Lower than 2013

International oil giant BP (ticker: BP) reported that its Q2 2017 production—at 2.431 MMBOEPD was 10% higher than Q2, 2016. The company earned $144 million during the second quarter, bringing its profit to $1.593 billion during the first half of …

Source: Rosneft

BP and Rosneft Expand Natural Gas Cooperation

A new MoU between BP and Rosneft will see more Russian natural gas flowing to Europe

BP (ticker: BP) and Russian oil giant Rosneft signed a Memorandum of Understanding (MoU) in St. Petersburg Friday to bring a new stream of …

BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP said it started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt, eight months ahead of schedule.

 

First gas was exported to Egypt’s national grid on March 24, 2017 …

BP Moving to Denver from Houston

BP Moving to Denver from Houston

BP seeks access to key producing basins in Rockies, sees move as strategic platform for growth

BP (ticker: BP) is moving a U.S. headquarters from Houston to Denver.

The company said its U.S. Lower 48 onshore Denver headquarters operations will …

BP CEO Sees Market Balance

BP CEO Sees Market Balance

Markets are essentially balanced, but it may not become apparent until stocks drain

After two years of low oil prices caused by global oversupply, markets have found balance, according to BP (ticker: BP) CEO Bob Dudley.

“The oil market is …

BP Deepens Shale Ties with China

BP Deepens Shale Ties with China

BP signs second shale gas production sharing contract with China National Petroleum Corporation

International oil major BP (ticker: BP) said Thursday that the company has signed its second shale gas production sharing contract with China National Petroleum Corp (CNPC). The …

BP More Bullish for Oil in Q2 Call

BP More Bullish for Oil in Q2 Call

BP sees market balance in the second half of the year, oil at $50-$60 in 2017

BP (ticker: BP) released its second quarter earnings today, reporting the third consecutive loss as the international oil major continues to struggle with low …

Value of Norway’s Oil and Gas Fields Down 34%

Value of Norway’s Oil and Gas Fields Down 34%

Natural gas “is the single most important driver” in the $50 billion decline in the value of Norway’s oil and gas assets

Low oil and gas prices have hit Norway hard, according to the country’s government. The value of Norway’s …

BP’s $1.3 Billion Norway Spinoff Results in Europe’s Largest Independent E&P

BP’s $1.3 Billion Norway Spinoff Results in Europe’s Largest Independent E&P

BP mergers Norway assets Det Norske for $1.3 billion

London-based BP (ticker: BP) announced that it will spin off its Norwegian oil and gas fields, combining them in a new, publicly traded company with Norwegian firm Det Norske Oljeselskap ASA. …

World Oil & Gas Reserves Fall Just 0.1% Despite Oil Price Decline: BP

World Oil & Gas Reserves Fall Just 0.1% Despite Oil Price Decline: BP

Proved oil reserves remain sufficient to meet more than 50 years of global production; North American Shale Revolution added 15% technically recoverable oil and gas resources

The substantial decline in the value of crude oil at the end of 2014 …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

BP Wins in Colorado Courts, but Questions Remain

Colorado Supreme Court decision changes tax burden of oil and gas companies

The Colorado Supreme Court found in favor of BP (ticker: BP) in a case that could have major tax ramifications for the state. The court unanimously sided with …

State of Colorado May Owe Oil and Gas Companies Hundreds of Millions of Dollars

State of Colorado May Owe Oil and Gas Companies Hundreds of Millions of Dollars

Colorado Supreme Court decision finds in favor of BP with reversal of lower court decision on a severance tax deduction

A decision from the Colorado Supreme Court could entitle a number of oil and gas companies to significant tax refunds …

North America will Become Energy Self-Sufficient by 2018: BP

North America will Become Energy Self-Sufficient by 2018: BP

  • Natural gas will overtake oil as the leading fuel around 2023

  • Asia demand growth makes it the biggest energy importer

  • North American energy production expected to grow 1.2% per annum through 2035

  • North American LNG exports grow to~25% of global

April 11, 2016 - 5:00 pm Closing Bell Story‎, Oil and Gas 360 Articles
BP Deepwater Horizon Lawsuit Settlement Receives Final Approval

BP Deepwater Horizon Lawsuit Settlement Receives Final Approval

A federal judge has granted final approval of BP’s settlement over claims related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico for $20.8 billion. The Deepwater Horizon rig explosion killed eleven workers and millions of gallons …

The Shale Revolution Continues: BP

The Shale Revolution Continues: BP

Technological innovation to drive U.S. shale oil output to nearly 8 MMBOPD by 2035

While the U.S. shale industry is currently taking a beating along with most other crude oil producers around the globe, BP’s (ticker: BP, BP.com) 2016

The U.K. Awards Nearly 70 Licenses to Explore Shale

The U.K. Awards Nearly 70 Licenses to Explore Shale

New laws allow for exploration and hydraulic fracturing under national parks

The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil …

Trans-Alaska oil pipeline

Alaska Looks to Buy Out TransCanada’s Share of Alaska LNG for $68 Million

All parties seem to agree, but holdup remains

The state of Alaska plans to buy out TransCanada’s (ticker: TRP) share of the Alaska LNG project. Both Alaska Governor Bill Walker and TransCanada have agreed to the deal, according to Alaska

November 2, 2015 - 6:36 pm LNG, Oil and Gas 360 Articles
BP Signs $18.5 Billion of Oil and Gas Contracts with China

BP Signs $18.5 Billion of Oil and Gas Contracts with China

BP strengthens ties with CNPC for shale exploration and fuel retailing

British oil giant BP (ticker: BP) announced today that the company signed a number of deals with China National Petroleum Corporation (CNPC) during Chinese President Xi Jinping’s state visit …

Source: BP

New Pipeline will Triple Azerbaijan’s NatGas Piped to Europe, Avoiding Russia

303 mile pipeline expansion in Azerbaijan is the first leg of a 1,993 mile journey to southern Europe

Construction or preliminary work has begun on three pipelines designed to flow natural gas supplies from Azerbaijan to consumers in Turkey, Bulgaria, …

October 14, 2015 - 12:29 pm International, Midstream, Oil and Gas 360 Articles
Dana Gas Iraq Operations

Red Flag: Iraq Warns Oil Companies it Intends to Cut Spending due to Oil Revenue Drop

Iraq tells oil companies to submit conservative funding requests for 2016

A letter dated September 6, 2015, from the Iraq Oil Ministry was sent out to international oil companies operating inside the country notifying them that they should plan to …