BP plc
| Formed from the merger of British Petroleum and Amoco, BP Amoco is the world's #3 integrated oil company (Exxon Mobil is #1). It has grown further by buying Atlantic Richfield Company (ARCO). The new BP Amoco has proved reserves of 19.3 billion barrels of oil equivalent, including large holdings in Alaska and the North Sea. BP Amoco operates 29,000 gas stations worldwide. It is the largest US oil and gas producer. Also a top refiner (3.2 million barrels of oil per day capacity) and petrochemicals and specialty chemicals manufacturer, it has expanded by buying motor-oil maker Burmah Castrol. |
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Recent Articles
Petrobras BP, Among Winners in Brazil's 11th Bidding Round
Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.
Statoil Farms into BP's South Australian Licenses
Tuesday, May 14, 2013 Statoil farms into four exploration licenses operated by BP offshore South Australia.
Monday, May 13, 2013 BP withdraws staff from Libya as a "precautionary measure" after receiving advice from the Foreign Office.
Brazil's HRT Buys 60% Stake in Offshore Polvo Oil Field from BP
Monday, May 06, 2013 HRT says it will acquire a 60% stake in the offshore Polvo heavy oil field from the local unit of BP for $135 million.
Monday, May 06, 2013 Rigzone talked to leading executives at BP to find out how the energy major is addressing the skills gap that threatens to hold back growth in upstream amid the Great Crew Change.
Wednesday, May 01, 2013 BP confirms the Mexican government as a plaintiff as it receives more than 2,200 additional civil lawsuits over the Deepwater Horizon disaster.
PSA Raps BP's Knuckles over Ula Leak
Wednesday, May 01, 2013 Norway's Petroleum Safety Authority orders BP to review its management system for the Norwegian Continental Shelf after hydrocarbon leak on Ula P platform last September.
BP Sees Strong 1Q after TNK-BP Sale
Tuesday, April 30, 2013 BP reports a threefold increase in profit for the first quarter as proceeds from sale of TNK-BP offset a fall in oil and gas production.
Monday, April 29, 2013 BP's deepwater oil project off the coast of Angola is $4 billion over budget, according to a newspaper report.
New York City Pension Funds Sue BP for Investment Losses
Friday, April 26, 2013 New York City's pension funds have brought a suit against BP claiming their members lost money as a result of BP's actions before and after the Deepwater Horizon explosion.
BP Reviewing Mad Dog Phase 2 Development Plans
Monday, April 22, 2013 BP is reviewing its Mad Dog Phase 2 plans as market conditions and industry inflation have made the current plan less attractive.
Tuesday, April 16, 2013 While some energy companies have decided to come back to Libya in spite of escalating violence, a question mark remains on when majors like BP will return to the country.
Friday, April 12, 2013 Australia's high-cost operating environment in the oil and gas industry has claimed another victim, the Woodside-operated Browse LNG joint.
Thursday, April 11, 2013 Rigzone talked to leading executives at BP to find out how the energy major is addressing the skills gap that threatens to hold back growth in upstream amid the Great Crew Change.
Norwegian Oil Output Misses Target
Thursday, April 11, 2013 Technical problems on BP and Statoil fields contribute to Norway's crude oil output falling 13 percent during the first quarter.
Chevron Completes Seismic Survey, to Expand to West Papua
Thursday, April 11, 2013 Chevron prepares to spread its wings to the eastern part of the country after wrapping up a seismic survey of two exploration blocks in West Papua.
Repsol's Darwin Well Comes Up Dry
Monday, April 08, 2013 The Darwin well, drilled in the Barents Sea by Repsol, has come up dry, according to Faroe Petroleum.
BP Finds Gas Condensate at North Uist
Friday, April 05, 2013 Faroe Petroleum reports that the 213/25c-1V exploration well, targeting the North Uist exploration prospect west of Shetland, has found gas condensate.
Friday, April 05, 2013 A federal judge denies BP's plea to halt payments from a settlement fund set up to reimburse businesses and individuals for losses from the 2010 Deepwater Horizon accident.
Helix to Provide BP Well Intervention Services in Gulf of Mexico
Thursday, April 04, 2013 Helix announces it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico.
