John Browne, the former head of BP, has seemingly backed a Labour Party pledge to end North Sea oil and gas exploration.
The industry heavyweight, who joined the energy giant as an apprentice in the 1960s, said that plans for the North Sea and the “energy transition” would be important issues at the next election.
BP and Worley have formed a new strategic alliance across BP’s global site projects, spanning the Gulf of Mexico, Middle East and Africa.
The FPSO vessel that will be the centrepiece of BP’s Greater Tortue Ahmeyim (GTA) Phase 1 LNG development has arrived at its destination on the maritime border between Mauritania and Senegal, BP announced on Tuesday.
The Dangote refinery in Nigeria has marked a significant milestone by exporting its first jet fuel cargo to Europe.
The companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields.
South Africa’s purchase of the nation’s largest refinery from Shell Plc and BP Plc for a symbolic rand (five US cents) will transfer the environmental liability of the site to the government, according to a local advocacy group.
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The Mauritanian government has opted not to renew international oil company bp’s contract for the exploitation of the BirAllah gas field, located in the coastal basin of Mauritania.
UK-headquartered oil and gas giant BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices. However, Britain’s oil major still raked in a multimillion-dollar profit in the first quarter of 2024 while upping its oil production ante.
BP’s new Azeri-Central-East (ACE) facility is expected to boost oil production by 25 percent.
The ACE facility has the capacity to handle up to 2.6 bcm of gas per year, which could help Azerbaijan meet its gas supply commitments to the European Union.
The launch of the ACE facility comes at a fortuitous time for Azerbaijan, which is heavily dependent on hydrocarbon exports.