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 […]
bp has signed three production sharing contracts (PSCs) in Indonesia, expanding its upstream exploration portfolio near the company’s existing Tangguh LNG operations in Papua Barat and adding participation in a new East Java block.
bp Plc and Venezuela agreed on a deal to explore for natural gas offshore as the South American country’s energy revival gathers pace following the U.S. capture of Nicolas Maduro.
Oil and gas minister Clotaire Kondja said on Wednesday that Gabon plans to sign production sharing contracts with ExxonMobil and BP within the next six months, Reuters reports. ExxonMobil declined to comment to Reuters on the minister’s stated timeline, and BP did not respond immediately to a request for comment. Both companies have signed preliminary exploration agreements covering offshore acreage in […]
bp Plc’s new Chief Executive Officer Meg O’Neill is restructuring the company and consolidating its leadership, moving quickly to fulfill her remit of turning around the beleaguered energy giant after years of underperformance.
bp Plc is aggressively expanding shale drilling, bucking the conservative approach of many rivals, as the UK oil giant seeks to reverse years of anemic output.