The world still needs “trillions of dollars of investment” in oil as industries and governments get to grips with the energy transition, BP’s chief economist said.
An industrial ballot opens today for dozens of Petrofac workers on BP platforms in the North Sea. Petrofac contractors are seeking a change to their current three weeks on, three weeks off (3:3) working patterns or an addition of paid holidays. >> To read more on Energy Voice, click here <<
Environmental protesters are planning to target a British Museum exhibition backed by BP over claims of colonialism and “dirty” sponsorship deals.
The families of two men who were killed during a terrorist attack at an Algerian gas plant have settled their legal action against BP.
Offshore union Unite has served notice to Petrofac that it will ballot its contractors stationed on BP platforms in the North Sea for industrial action.
Better “reliability” and the start-up of several major projects helped oil giant BP more than doubled its earnings last year.
BP has seen profits more than double to 12.7 billion US dollars (£9.7 billion) for 2018, after cheering a year of “transformative” deals.
North-east school pupils will showcase their work to industry professionals at TechFest’s STEM in the Pipeline event.
Lessons learned from the first year of Quad 204 production will help BP get its latest west of Shetland mega-project up to full speed, the energy major’s North Sea boss said.
Oil firm Serica Energy today completed the acquisition of stakes in three North Sea fields from energy giant BP.
UK energy major BP said its “strong operating performance” had helped it lift pre-tax profits by more than 80% in the third quarter of 2018.
New North Sea projects targeting almost 50 million barrels of oil equivalent (boe) have been approved by the Oil and Gas Authority (OGA).
The Oil and Gas Authority (OGA) has given BP permission to go after 20 million barrels of oil at a field west of Shetland.
The North Sea could be used as a testing ground for new innovations to be exported around the world, says BP’s technology boss.
BP has awarded Prosafe a £14.3million contract to charter the Safe Zephyrus accommodation vessel at the Clair Ridge platform.
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field.
The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.
A new initiative could see Aberdeen take on technology centres like Houston and London for oil and gas start-ups, according to energy giant BP.
An industry veteran has warned that the UK will “miss out” to other countries on subsea growth without a “critical” oil and gas sector deal.
Creativity is being stifled at large oil companies by the “fixed mind-sets” of employees, industry chiefs said yesterday.
Digital technology pioneered in the Gulf of Mexico will soon be rolled out on BP facilities in the UK North Sea.
BP has released video footage of the process of dismantling its Miller platform in the North Sea. The decommissioning campaign took place between January last year and completed this July. The Saipem S7000 heavy lift vessel removed and transported twelve topsides and the platform jacket. >> Read more on Energy Voice here <<
BP’s global head of technology hopes an inaugural conference in Aberdeen next week will act as a “call to arms” for the North Sea on innovation.
Bosses at BP were bullish about the future of the Clair field, west of Shetland, after the oil major reported soaring first-half profits yesterday.
BP’s boss praised the oil major’s “steady progress” as profits soared in the first-half of 2018. UK-headquartered BP chalked up pre-tax profits totalled £6.7 billion, up 190% year-on-year, while revenues increased to £111bn from £86bn. The firm’s underlying replacement cost profits more than doubled to £4.1bn. >> Read more on Energy Voice here <<
UK-headquartered energy major BP will buy BHP Billiton’s onshore oil and gas business in the US for £8 billion.
Shell, BP and Total are among the majors set to reap the benefits of the higher oil price, according to Moody’s.
US oil major ConocoPhillips confirmed yesterday that it was exploring in the North Sea at a time when doubts are being cast on its desire to stay in the region long term.
BP’s North Sea boss has confirmed the second phase of the huge Clair field is set to start production in Q4 of this year.
BP has said it is “focused” on growing its North Sea business as it celebrates 20 years of production from one of its most ambitious projects.
Hundreds packed out an Aberdeen park last night to enjoy a special outdoor performance of a world-class opera.
Oil giant BP has “no plans” to invest in renewables in Scotland, an energy chief said last night.