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.
bp has renewed a long-term offshore operations and maintenance contract in Azerbaijan’s Caspian Sea covering eight production platforms across its operated Azeri Chirag Gunashli (ACG) oil field and Shah Deniz gas development. The renewed agreement with Turan Drilling & Engineering Company LLC—a joint venture between SOCAR AQS and Helmerich & Payne—has an initial term of five years, with three […]
Azule Energy Holdings Ltd, an Angolan joint venture equally owned by Italy’s Eni SpA and Britain’s BP PLC, has declared a new oil discovery in Block 15/06 in the offshore Lower Congo Basin, with an initial estimate of about 500 million barrels.
bp has suspended its share buyback program and is prioritizing balance-sheet repair as the company works through a broader strategic reset and leadership transition.
BP has received bids from at least five international contractors for the FEED contract for its gas compression and electrification project in Block 61 in Oman, Upstream reported on Friday.
Azule Energy, a 50-50 venture between BP PLC and Eni SpA, and its New Gas Consortium (NGC) partners have put into service a natural gas treatment facility with a capacity of about 400 million standard cubic feet of gas a day and 20,000 barrels of condensate per day in Soyo, northern Angola. The plant processes […]