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 […]
bp’s Greater Tortue Ahmeyim (GTA) Phase 1 LNG project offshore Mauritania and Senegal has secured two major honors at the 2025 Association for Project Management (APM) Awards, including Overall Project of the Year and the Engineering, Construction & Infrastructure Project of the Year. The long-running deepwater development—one of West Africa’s most complex LNG projects—features subsea infrastructure in […]
bp plc reported operating cash flow of $7.8 billion and underlying replacement cost profit of $2.2 billion for the third quarter of 2025, reflecting stronger upstream performance and improved refining margins across its global portfolio. Chief Executive Officer Murray Auchincloss said bp delivered “another quarter of good performance across the business,” highlighting continued operational strength, cost […]
The UK-based energy giant, which is a co-venturer in the exploration license via its 50/50 company with Italy’s Eni, Azule Energy, can confirm the preliminary results of the Volans-1X exploration well, as reported by operator Rhino Resources earlier this month.