BP plc Company News
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BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.
BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
Thursday, October 12, 2017 SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.
Increasing the World's Oil Reserves with Digitization
Monday, October 09, 2017 As oil companies look to increase production, digitization can help them expand their reserves, which keeps prices down for consumers.
Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.
Russia's Rosneft Elects German Ex-chancellor Schroeder as Chairman
Friday, September 29, 2017 Schroeder calls Russian President Vladimir Putin his friend and has criticized moves to impose sanctions on Russia.
Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs
Monday, September 25, 2017 OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP's trading arm said.
BP Restores Power At Thunder Horse Platform After Outage
Wednesday, September 20, 2017 BP restores power at its Thunder Horse platform in the US Gulf of Mexico.
BP's Thunder Horse Platform Shut Temporarily On Power Issue
Tuesday, September 19, 2017 BP halts production at its Thunder Horse platform in the US Gulf of Mexico following a power outage.
Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.
BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.
Azerbaijan's SOCAR To Boost Its Share In New Deal With BP On Oil Fields
Friday, September 08, 2017 SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for development of the country's biggest oilfields, two industry sources say.
BP, Reliance Close in on India Gas Field Near Missile Test Site
Thursday, September 07, 2017 Reliance Industries and its partner BP are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.
Big Oil Says It Still Loves North Sea Despite Asset Sales
Wednesday, September 06, 2017 Europe's biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn't mean we're heading for the exit.
Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin
Tuesday, August 29, 2017 Brazil's environmental regulator Ibama says it has rejected Total's environmental study on drilling in the Foz do Amazonas basin.
From a Little-Known Shale Play in New Mexico, BP Gets a Gusher
Monday, August 07, 2017 BP may have just found a gem in a largely ignored corner of New Mexico.
Big Oil Seen Vulnerable to Fresh Slump Despite Growth at $50
Wednesday, August 02, 2017 Europe's oil industry is once again generating cash even as crude languishes at half the price of three years ago.
BP's West Africa Partner Kosmos To List In London By End-September
Wednesday, August 02, 2017 Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.
BP Production Growth Boost Shares Despite Profit Drop
Tuesday, August 01, 2017 BP's 2Q profit dipped but beat forecasts after an exploration write-off in Angola.
BP Sees Oil Prices Below $55 A Barrel In 2018
Tuesday, August 01, 2017 BP expects global oil prices to hold within a range of $45-$55 a barrel next year as US shale production grows.
Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet?
Tuesday, July 18, 2017 The trends that are undercutting optimism about the global gas outlook are already playing out in Europe.
Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta
Tuesday, July 18, 2017 The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations.
BP Says It Is Considering IPO of US Pipeline Assets
Tuesday, July 18, 2017 BP is considering spinning off certain US pipeline assets in the US Gulf and Midwest in an initial public offering, the company said Tuesday.
Mexico Delays Next Oil Auction to Let Huge New Find Sink In
Monday, July 17, 2017 "International and national interest is awakening," said Mexico's chief oil regulator.
Egypt Sets Sights on Doubling Natural Gas Output by 2020
Monday, July 17, 2017 Egypt's natural gas production rose to about 5.1 billion cubic feet per day in 2017 from 4.4 billion cubic feet in 2016.
Big Oil Just Woke Up to Threat of Rising Electric Car Demand
Friday, July 14, 2017 The world's biggest oil producers are starting to take electric vehicles seriously as a long-term threat.
India Wants $300 Billion in Oil Spending to Meet Growing Demand
Wednesday, July 12, 2017 India needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households, Oil Minister Dharmendra Pradhan said.
Big Energy Is Learning to Simply LOVE the Little Guy: Gadfly
Friday, June 30, 2017 Customers might only just be finding their place in the modern world's indispensable industry.
Oil Producers' Cost-Cutting Swept Away by New Price Decline
Friday, June 30, 2017 For the moment, investors seem to be focusing more on prices than operational improvements.
BP Takes $750m Hit in Angola Exploration Write-Off
Thursday, June 29, 2017 BP said it will incur a $750 million write off in its second quarter 2017 results over exploration blocks it relinquished in Angola.
BP, Reliance to Revive India Investments After Eight Years
Thursday, June 15, 2017 BP and Reliance Industries will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years.
Monroe Energy: BP Violated Contract When It Blended Texas Crude
Monday, June 12, 2017 BP violated its supply contract when it sold oil to refiner Monroe Energy that was a blend of lower-valued Texas crude with premium varieties
Global Carbon Prices Must Soar to Meet Paris Climate Target – Report
Tuesday, May 30, 2017 Economists said the cost of emitting carbon dioxide must rise to $50-$100 per tonne by 2030, much higher than the current price in Europe.
Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire Build
Wednesday, May 24, 2017 The deal to buy assets from Dong Energy A/S for more than $1 billion follows the purchase of a pipeline system from BP Plc that carries crude used to price more than half the world's oil.
Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.
BP Sees Early Promise, Growing Investment In Mexico Energy
Wednesday, May 17, 2017 BP's first foray into Mexico's recently opened energy market is proving more promising than expected, the oil major's Mexico boss said in an interview.
BP Accuses Former Oil Analyst Of Stealing Trade Secrets
Friday, May 12, 2017 BP has sued a former US oil analyst for allegedly stealing trade secrets and other confidential information, according to court filings.
Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership
Tuesday, May 09, 2017 Such a deal could give Exxon access to oil fields and infrastructure in Brazil while state-controlled Petroleo Brasileiro SA could gain from Exxon’s expertise in production, refining and distribution, according to Bloomberg's sources.
BP, Kosmos Make Major Gas Find Off Coast Of Senegal
Monday, May 08, 2017 BP and joint venture partner Kosmos Energy reveal a major gas discovery off Senegal.
BP's Profit Triples On Higher Oil Prices And Output
Tuesday, May 02, 2017 BP's profit nearly tripled in the first quarter of 2017 from a year earlier.
BP: Deepwater Investments in GOM Make Sense
Monday, May 01, 2017 BP's regional president for the Gulf of Mexico shares how his company was able to overcome the challenges of operating in deepwater.
BP Says 1B Additional Barrels 'Possible' In Gulf Of Mexico Hubs
Monday, May 01, 2017 BP says the oil company's use of a new seismic imaging technology has identified 1 billion additional barrels of "possible resources" at four of its US offshore fields.
BP Kills Alaska Well After Capping Oil, Natural Gas Leaks
Monday, April 17, 2017 A BP well located on Alaska's North Slope is no longer leaking crude oil or natural gas.
BP Employs 74,500 People in 2016, Produces 3.3MM Boepd
Monday, April 10, 2017 BP plc employed 74,500 people in 72 different countries in 2016, all of whom helped the company produce 3.3 million barrels of oil equivalent per day, according to a BP statement.
BP Cuts CEO's Pay Package After Shareholder Backlash
Thursday, April 06, 2017 BP trims Chief Executive Bob Dudley's annual remuneration package by almost $8 million to $11.6 million.
INEOS to Buy Forties Pipeline from BP, 300 Staff Expected to Transfer
Monday, April 03, 2017 INEOS agrees to acquire the Forties Pipeline System (FPS) and Kinneil Terminal from BP plc for $250 million.
Sky News: BP to Cut About 5 mln Pounds from CEO's Maximum Annual Pay
Monday, April 03, 2017 BP will cut about 5 million pounds ($6.24 million) from Chief Executive Bob Dudley's maximum pay for the next three years in a bid to avoid a shareholder revolt.
BP Makes Third Gas Discovery In Egypt's North Damietta Concession
Sunday, March 26, 2017 BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block.
Unite Expresses Concern Over Possible Forties Pipeline System Sale
Friday, March 17, 2017 UK union Unite expresses concern over the possible sale of the Forties Pipeline System from BP plc to Ineos.
BP Appoints New Heads Of Production, Drilling As Output Set To Jump
Thursday, March 16, 2017 BP reshuffles its exploration and production division as the oil company readies for the biggest jump in output in its history.
Wood Group Wins Mad Dog 2 Contracts
Tuesday, March 14, 2017 Wood Group secures 2 separate contracts related to BP plc's Mad Dog 2 project, which will see the company provide engineering services to further develop deepwater production.