BP | GUPC

bp reports production boost, strong Q2 results from oil trading

Oil & Gas‚ Oil and Gas Industry | intent | July 14, 2025 | Comment off

bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.

Production for the three months through June is now expected to be higher compared with the first quarter, the London-based company said in a statement on Friday. That’s up from earlier guidance for it to be broadly flat. Output had slipped in the first three months of the year. It will report earnings for the period on Aug. 5.

BP Sells Dutch Retail, EV Charging Assets to Catom

Oil & Gas‚ Oil and Gas Industry | intent | July 10, 2025 | Comment off

“The transaction includes around 300 bp-owned or branded retail sites – some with on-site EV charging infrastructure – as well as 15 operational bp pulse EV charging hubs, eight under development and the associated Dutch fleet business”, a joint statement said. BP Pulse is BP’s multinational electric vehicle charging business.

BP Appoints Shell Veteran to Board

Oil & Gas‚ Oil and Gas Industry | intent | July 9, 2025 | Comment off

“The board will benefit from his deep and broad experience of the global upstream and downstream energy industry and his financial and commercial understanding of global markets, together with his extensive and varied board experience”, Helge Lund, chair of BP, said.

BP Signs Libya Deal to Study Redeveloping Giant Oilfields

Oil & Gas‚ Oil and Gas Industry | intent | July 8, 2025 | Comment off

“This agreement reflects our strong interest in deepening our partnership with NOC and supporting the future of Libya’s energy sector,” said BP Executive Vice President of Gas and Low Carbon Energy William Lin. “We hope to apply BP’s experience from redeveloping and managing giant oil fields around the world.”

Why BP Became Target of Biggest Potential Oil Deal in Decades

Oil & Gas‚ Oil and Gas Industry | intent | July 2, 2025 | Comment off

Reports and rumors have intensified this year that BP is in the crosshairs of rivals, especially Shell, for a potential takeover that would be the largest deal in the oil industry since the Exxon and Mobil merger in 1999.

Shell and BP Climb As Middle East Tensions Heat Up

Oil & Gas‚ Oil and Gas Industry | intent | June 19, 2025 | Comment off

FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict.

BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran.

bp advances $2.9 billion gas compression project, offshore exploration in Azerbaijan

Oil & Gas‚ Oil and Gas Industry | intent | June 4, 2025 | Comment off

bp, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company, SOCAR.

bp, EOG achieve first gas from Mento field, offshore Trinidad

Oil & Gas‚ Oil and Gas Industry | intent | May 30, 2025 | Comment off

bp Trinidad and Tobago (bpTT) announced today that the Mento development has safely delivered first gas through connection of the initial discovery well and the drilling campaign for the remaining seven gross wells on the platform will now begin.

Abraj secures BP rig contract in Oman’s Block 61

Oil & Gas‚ Oil and Gas Industry | intent | May 12, 2025 | Comment off

In a disclosure to the Muscat Stock Exchange, Abraj said it had been engaged to provide an onshore drilling rig for a term of three years, renewable for an additional two years. Abraj’s expected revenue from the contract is around USD 36.4 million.

Oceaneering Secures Multi-Year GTA Job from BP

Oil & Gas‚ Oil and Gas Industry | intent | May 9, 2025 | Comment off

Oceaneering will provide support for this contract using a multi-purpose vessel equipped with two of its work-class ROVs. The project will also involve management, engineering, and integration services delivered by Oceaneering’s local and international teams. Engineering and pre-mobilization activities have started, and field operations are anticipated to begin in the second quarter of 2025. The contract is initially set for three years, with two additional one-year extension options available.

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