bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles south of New Orleans, the Atlantis field has been producing for nearly two decades. The expansion includes two […]
bp has agreed to bring Türkiye Petrolleri Anonim Ortaklığı (TPAO) into its Kirkuk redevelopment project in northern Iraq, with the Turkish national oil company acquiring a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL).
BP Plc said ConocoPhillips will acquire 42% of its stake in a venture that’s redeveloping Iraq’s giant Kirkuk oil fields, a major revival target for the OPEC heavyweight that has experienced output decline since the Iran war began.
bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor, continuing its strategy of simplifying its upstream portfolio and focusing capital on higher-value opportunities.
ONGC has expanded its technical services partnership with bp by awarding the company a new contract to support production optimization across India’s Western Offshore basin, the country’s largest producing offshore region.
Azule Energy has reached final investment decision (FID) on the Greater PAJ project offshore Angola, advancing what the company describes as the country’s first integrated cross-block development. The deepwater project spans Blocks 31 and 31/21 and combines five offshore discoveries into a single development. Greater PAJ will develop the Palas, Astraea and Juno fields in Block 31 and […]
DeepOcean has secured a contract from bp to support decommissioning and recycling activities at the Foinaven field, located West of Shetland on the UK Continental Shelf (UKCS). Under the agreement, DeepOcean will remove 10 flexible process risers, three dynamic subsea umbilicals and one static umbilical from the former Foinaven FPSO location. The scope also includes recovery of buoyancy modules, […]
Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has been awarded a contract by bp to provide a subsea boosting system for the Thunder Horse project, a development in the deepwater portion of Gulf of America.
BP has ousted chairman Albert Manifold with immediate effect, it said on Tuesday, citing governance oversight and conduct issues, only months after his appointment to help oversee a strategy revamp.
BP PLC has signed three new production sharing contracts (PSCs) in Indonesia, which it said present potential for fast-tracked development. Two of the PSCs, the Bintuni and Drawa exploration blocks, sit near the BP-operated Tangguh LNG in Papua Barat province, a six-field project that started production 2009 and is now producing up to 11.4 million […]