Category: BP
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BP and TPAO seal oil & gas cooperation pact
BP and TPAO seal oil & gas cooperation pact UK-headquartered energy giant BP has struck a deal with Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), to pool resources in the oil and gas exploration and production arena. The post BP and TPAO seal oil & gas cooperation pact appeared first on Offshore Energy. Melisa…
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Major oil & gas operators facing 48-hour strike across multiple UK offshore assets
Major oil & gas operators facing 48-hour strike across multiple UK offshore assets With more than 400 offshore members employed by Bilfinger UK poised to embark on industrial action due to a dispute over pensions, operators including BP, CNR, Ineos, Ithaca, and TAQA will experience a two-day stoppage at dozens of offshore installations on the…
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Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor
Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor Transocean, an offshore drilling giant, has secured more drilling work for two mobile offshore drilling units (MODUs) off the coasts of Brazil and Norway. The post Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor appeared first on Offshore Energy. Melisa Cavcic…
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Throwback: Top oil & gas final investment decision picks
Throwback: Top oil & gas final investment decision picks As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore Energy…
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2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…
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Stonepeak to acquire majority controlling interest in Castrol from BP
Stonepeak to acquire majority controlling interest in Castrol from BP New York City-headquartered investment firm Stonepeak is to acquire a majority controlling interest in Castrol from BP p.l.c. in a transaction valuing the business at an enterprise value of approximately $10.1 billion. BP will retain a 35% minority interest in Castrol as part of the…
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BP fires up 7th major project: First oil achieved two months ahead of schedule in US Gulf
BP fires up 7th major project: First oil achieved two months ahead of schedule in US Gulf BP has put into production mode an expansion project in the U.S. Gulf of America (Gulf of Mexico), as its seventh major upstream project that started up this year and the fifth to come online earlier than planned.…
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Seatrium awarded second deepwater FPU contract from BP
Seatrium awarded second deepwater FPU contract from BP Seatrium Limited has been awarded a contract from BP Exploration and Production Inc. for the engineering, procurement, construction and onshore commissioning of the Tiber Floating Production Unit (FPU) project in the Gulf of America. The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP Exploration, further…
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BP books SLB OneSubsea for work on its Gulf of America oil project
BP books SLB OneSubsea for work on its Gulf of America oil project UK-headquartered energy giant BP has tasked SLB OneSubsea, a joint venture between SLB (formerly Schlumberger), Aker Solutions, and Subsea7, with a subsea boosting mission for its deepwater greenfield development in the Gulf of America (U.S. Gulf of Mexico). The post BP books…
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$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers
$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers Against the backdrop of concerns over hydrocarbon production rates, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have secured over…
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DOF gets call from the Atlantic from BP
DOF gets call from the Atlantic from BP Norwegian vessel owner DOF Group has secured a three-year firm, with two-year options, contract […] The post DOF gets call from the Atlantic from BP appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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BP-ADNOC JV secures exploration rights for gas field off Egypt
BP-ADNOC JV secures exploration rights for gas field off Egypt Arcius Energy, an affiliate of the UK’s BP and the UAE’s ADNOC, has signed a deal with several partners enabling it to get exploration rights in a concession offshore Egypt. The post BP-ADNOC JV secures exploration rights for gas field off Egypt appeared first on…
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BP cheers ‘extremely encouraging’ results at Brazilian oil & gas discovery, appraisal on the cards in 2027
BP cheers ‘extremely encouraging’ results at Brazilian oil & gas discovery, appraisal on the cards in 2027 UK-headquartered energy giant BP is moving forward with the evaluation of its hydrocarbon discovery off the coast of Brazil, with appraisal plans anticipated to be put in motion in 2027. The post BP cheers ‘extremely encouraging’ results at…
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Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs
Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms. The post Shell, BP, Ithaca, GE Vernova…
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BP corroborates preliminary results of Rhino’s gas condensate discovery in Namibian waters
BP corroborates preliminary results of Rhino’s gas condensate discovery in Namibian waters BP has backed the disclosed findings related to a recent gas condensate discovery, which Rhino Resources, an African energy exploration player, made off the coast of Namibia, with a semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling. The post…
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BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East
BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP. The post BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East…
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Valaris rig spuds Angola’s inaugural non-associated gas development for Azule
Valaris rig spuds Angola’s inaugural non-associated gas development for Azule Azule Energy, a joint venture between two energy majors, Italy’s Eni and the UK’s BP, has started drilling the first well in what is said to be Angola’s first non-associated gas development. The post Valaris rig spuds Angola’s inaugural non-associated gas development for Azule appeared…
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BP scores victory in arbitration showdown with Venture Global, seeks over $1B in damages
BP scores victory in arbitration showdown with Venture Global, seeks over $1B in damages Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has lost its arbitration battle against the UK-headquartered energy giant BP over the delay in starting full commercial operations at its LNG facility in Louisiana, United…
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BP is on a roll with sixth major project up and running: More North Sea oil & gas unlocked
BP is on a roll with sixth major project up and running: More North Sea oil & gas unlocked UK-headquartered energy giant BP has brought online an oil and gas field in the North Sea, which is developed as a subsea tie-back to an existing platform on the UK Continental Shelf (UKCS). The post BP…
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Heerema secures decom contract for BP’s North Sea platform
Heerema secures decom contract for BP’s North Sea platform Heerema Marine Contractors has secured a decommissioning contract with the U.K.-headquartered energy giant BP. The post Heerema secures decom contract for BP’s North Sea platform appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz
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BP to go ahead on Tiber-Guadalupe floating production platform project in Gulf of America
BP to go ahead on Tiber-Guadalupe floating production platform project in Gulf of America BP has reached a final investment decision (FID) to go ahead on the Tiber-Guadalupe floating production platform project, approving its second new production platform in less than two years in the Gulf of America. “Our decision to move forward on the…
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Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops
Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops UK-based Global OTEC has been selected to take part in a new research project […] The post Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops appeared first on Offshore Energy. Zerina Maksumić Go to offshore energy biz
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BP tasks Baker Hughes with 90-month job on Asian LNG project
BP tasks Baker Hughes with 90-month job on Asian LNG project U.S.-headquartered energy technology giant Baker Hughes has landed a long-term deal with BP, a UK-headquartered energy player, for work on a liquefied natural gas (LNG) plant in Papua Barat, Indonesia. The post BP tasks Baker Hughes with 90-month job on Asian LNG project appeared first…
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BP confirms multimillion-dollar deals for gas field expansion and terminal electrification
BP confirms multimillion-dollar deals for gas field expansion and terminal electrification BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR. The post BP confirms multimillion-dollar deals for gas field expansion and terminal electrification appeared first on…
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BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring
BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring U.S.-headquartered oilfield services player Halliburton has secured a contract with the Northern Endurance Partnership […] The post BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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BP kicks off US Gulf extension project early, reinforcing oil & gas focus
BP kicks off US Gulf extension project early, reinforcing oil & gas focus The U.K.-headquartered energy giant BP has started up the extension project bringing more oil to its platform in the U.S. Gulf of America. The post BP kicks off US Gulf extension project early, reinforcing oil & gas focus appeared first on Offshore…
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BP and Eni set their cap on stepping up Mediterranean oil & gas game
BP and Eni set their cap on stepping up Mediterranean oil & gas game Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas…
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BP renews EnerMech’s contract for work across Caribbean platforms
BP renews EnerMech’s contract for work across Caribbean platforms Aberdeen-headquartered integrated solutions specialist EnerMech has won a contract extension for work carried out on offshore platforms operated by the Trinidadian affiliate of the UK’s energy giant BP. The post BP renews EnerMech’s contract for work across Caribbean platforms appeared first on Offshore Energy. Dragana Nikše…
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KOTUG vessels bound for West Africa to support BP’s biggest project
KOTUG vessels bound for West Africa to support BP’s biggest project Two tugs are on their way to join the rest of Kotug International’s fleet providing marine support services for a project offshore Senegal operated by the UK’s energy giant BP. The post KOTUG vessels bound for West Africa to support BP’s biggest project appeared…
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SLB adds first UK offshore CO2 storage project to its to-do list
SLB adds first UK offshore CO2 storage project to its to-do list Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions […] The post SLB adds first UK offshore CO2 storage project to its to-do list appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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ExxonMobil wins extension for block offshore Angola
ExxonMobil wins extension for block offshore Angola The Angolan subsidiary of U.S.-headquartered energy major ExxonMobil and its consortium partners have secured an extension of a production sharing contract (PSC) for a block offshore Angola. The post ExxonMobil wins extension for block offshore Angola appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz
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Shell repudiates rumors of making a play for BP
Shell repudiates rumors of making a play for BP As media speculation over a potential merger between two European oil majors, the UK-headquartered Shell and BP, has not died down yet, the former decided to address the rumors by denying the alleged business combination talks and move. The post Shell repudiates rumors of making a…
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‘Significant milestone’ for BP’s mega gas project as FLNG moves to commercial ops
‘Significant milestone’ for BP’s mega gas project as FLNG moves to commercial ops Golar LNG has opened the doors to a multibillion-dollar backlog, thanks to a floating LNG (FLNG) unit, which has ticked off its task list a commercial operations date (COD) at a huge gas project in African waters, operated by the UK-headquartered BP.…
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PSC extension secured for TotalEnergies’ Angolan deepwater block
PSC extension secured for TotalEnergies’ Angolan deepwater block TotalEnergies EP Angola, a subsidiary of France’s energy giant TotalEnergies, and its partners have signed an extension of the production sharing contract (PSC) for a block in Angolan deepwater. The post PSC extension secured for TotalEnergies’ Angolan deepwater block appeared first on Offshore Energy. Dragana Nikše Go…
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BP green-lights batch of energy projects: Next chapter of mega gas field is a go
BP green-lights batch of energy projects: Next chapter of mega gas field is a go BP has revealed final investment decisions for multiple projects, including the next phase of development for a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields and the company’s largest gas discovery.…
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Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion
Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion. The post Shell, BP, TotalEnergies,…
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Noble rig strikes oil in Namibia’s Orange Basin
Noble rig strikes oil in Namibia’s Orange Basin Africa’s energy player, Rhino Resources, has confirmed an oil discovery in a petroleum exploration license (PEL) it operates in the country’s Orange Basin. The post Noble rig strikes oil in Namibia’s Orange Basin appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz
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BP and Chevron’s drilling ops yield black gold in Gulf of America
BP and Chevron’s drilling ops yield black gold in Gulf of America Two oil majors, BP and its partner, Chevron, have found more oil in the Gulf of America, formerly the U.S. Gulf of Mexico. The post BP and Chevron’s drilling ops yield black gold in Gulf of America appeared first on Offshore Energy. Melisa…
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US axes Shell and BP’s licenses for cross-border gas fields
US axes Shell and BP’s licenses for cross-border gas fields The U.S. Office of Foreign Assets Control (OFAC) has changed its mind about two special licenses – operated by the UK-headquartered Shell and BP, respectively – for gas fields straddling the maritime boundary between Venezuela and Trinidad and Tobago. The post US axes Shell and BP’s licenses…
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BP’s fourth subsea gas project is a go as new discovery springs up in Trinidad and Tobago
BP’s fourth subsea gas project is a go as new discovery springs up in Trinidad and Tobago BP Trinidad and Tobago (bpTT), a subsidiary of the UK-based energy giant BP, has found more gas and taken a final investment decision (FID) for a natural gas project off Trinidad’s southeast coast. The post BP’s fourth subsea…
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BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan
BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas…
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Nel to provide 2.5 MW PEM electrolyzer for hydrogen project in Scotland
Nel to provide 2.5 MW PEM electrolyzer for hydrogen project in Scotland Nel Hydrogen US, a subsidiary of Norwegian company Nel, has received a purchase order for one 2.5 MW containerized proton exchange membrane (PEM) electrolyzer for the Aberdeen Hydrogen Hub project in the north-east of Scotland. The post Nel to provide 2.5 MW PEM…
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Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?
Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility? Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene. The…
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Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs
Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning…
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Upcoming ops in Namibia, Angola, Nigeria, and Libya mark oil & gas drilling hotspots across Africa
Upcoming ops in Namibia, Angola, Nigeria, and Libya mark oil & gas drilling hotspots across Africa African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has shed more light on the ongoing and anticipated high-impact drilling campaigns in Namibia, Angola, Nigeria, and Libya. The post Upcoming ops in Namibia,…
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BP tackling production decline at ‘largest and most prolific’ oil field offshore India
BP tackling production decline at ‘largest and most prolific’ oil field offshore India BP has been hired by Oil and Natural Gas Limited (ONGC) to handle the decline in hydrocarbon production levels at a giant oil field in the country’s waters. The post BP tackling production decline at ‘largest and most prolific’ oil field offshore…
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First LNG produced at BP’s huge project offshore West Africa
First LNG produced at BP’s huge project offshore West Africa First liquified natural gas (LNG) production has been achieved at a gas development offshore Mauritania and Senegal operated by the UK’s energy giant BP. The post First LNG produced at BP’s huge project offshore West Africa appeared first on Offshore Energy. Dragana Nikše Go to…
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Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave
Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the job…
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BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas
BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas With floating liquefied natural gas (FLNG) commissioning activities in full swing, BP has achieved another first at a gas development off the coasts of Mauritania and Senegal, which is said to be the biggest project in its portfolio and one of the deepest, most complex…
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BP flips gas production switch back on at giant platform off Azerbaijan
BP flips gas production switch back on at giant platform off Azerbaijan BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP flips gas production switch back on at giant platform off Azerbaijan appeared first on…
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Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery)
Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery) Saipem has disclosed progress in bringing a jacket for an Angola-bound offshore platform to life. The platform, set to be used on a natural gas project in Africa, is perceived to be Angola’s first non-associated gas development. The post Saipem unveils platform construction milestone…
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BP expands 70-year relationship with US firm through deal spanning its global energy portfolio
BP expands 70-year relationship with US firm through deal spanning its global energy portfolio U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant. The post BP expands 70-year relationship with US firm through deal spanning its global energy portfolio…
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BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia
BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP shuts down production at…
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BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa
BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa BP has tucked a first gas flow milestone under its belt off the coasts of Mauritania and Senegal at a gas project that is said to be the biggest one in the oil major’s portfolio and one of the deepest, most complex gas developments in Africa. …
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BP and ADNOC’s XRG bring new gas player into existence
BP and ADNOC’s XRG bring new gas player into existence BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt. The post BP and ADNOC’s XRG bring new gas player into existence…
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Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination
Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to…