BP to Expand Activities in Biofuels, Buying Out Remaining Shares in Brazil’s Tropical Bioenergia S.A.
BP announced that it has agreed to increase its share in Brazilian biofuel company Tropical BioEnergia S.A. to 100 per cent, by acquiring the remaining 50 per cent of the company from its current joint venture partners for a...
BP Announces Acquisition of Additional Shares in Brazilian Sugar and Ethanol Producer CNAA
BP has agreed to acquire an additional 3 per cent share of Brazilian sugar and ethanol producer Companhia Nacional de Açúcar e Álcool (CNAA) from LDC Bioenergia S.A. for a price of approximately US$25 million.
BP Completes Sale of Five Southern African Marketing Businesses to Puma Energy
BP has now completed the sale to Puma Energy of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania. The sale of the final business in Tanzania completed on September 1.
BP Announces Significant Resource Extension of Mad Dog Field in Gulf Of Mexico
BP has announced the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the US Gulf of Mexico.
BP and Co-Venturers Approve Development of Kinnoull Field
BP to invest up to £700 million to progress a project to develop the Kinnoull reservoir in the central North Sea.
BP Responds to Halliburton Lawsuit
BP is aware of the claims filed against the company by Halliburton. The company is now reviewing the contents of the claims and until this is complete cannot comment in detail.
BP and Reliance Commence Strategic Alliance for India
Reliance Industries Limited (RIL) and BP announced the completion of BP's acquisition of a 30 per cent stake in 21 oil and gas production sharing contracts (PSCs) that Reliance operates in India, including the producing KG D6...
BPTT Begins Gas Production from Serrette
BP Trinidad and Tobago (bpTT) announced the start of natural gas production from the Serrette field, offshore Trinidad. Serrette is located in 280 feet (90 metres) of water off Trinidad’s south east coast. BPTT holds a 100 per...
BP and JBF Group Agree to Build New Co-located PET Facility in Geel, Belgium
BP has entered into agreements with JBF RAK LLC under which JBF RAK LLC is to build a new 390,000 tonne per year polyethylene terephthalate (PET) production unit in Geel, Belgium, subject to required approvals.
BP Extends Exploration Growth with Award of Two Trinidad Deepwater Blocks
BP announced that it has been awarded two deepwater exploration and production blocks by the Government of the Republic of Trinidad and Tobago.
BP reports pipeline leak in Alaska's Lisburne field
BP Exploration Alaska reported a spill of methanol and produced fluids at the Lisburne oil field on July 16. About 50-100 bbl of a methanol/produced fluid blend was spilled onto a gravel pad and a freshwater tundra pond,...
BP Announces Enhanced Drilling Standards in the Gulf of Mexico
BP Exploration & Production Inc. (BPXP) will implement a new set of deepwater oil and gas drilling standards for its operations in the US Gulf of Mexico, demonstrating the company's commitment to safe and reliable operations.
BP and Co-Venturers Approve £3 Billion Re-Development of Schiehallion and Loyal Fields
On behalf of its co-venturers BP is pleased to announce an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands.
BP Agrees to Settlement with Weatherford of Potential Claims Between the Companies Related to The Deepwater Horizon Accident
BP today announced that it has reached agreement with Weatherford U.S., L.P. ("Weatherford") to settle potential claims between the companies related to the Deepwater Horizon accident.
China Overtakes USA as Top Energy Consumer as World Demand Grows Strongly, Says BP in 60th Year of Global Energy
China became the world’s largest energy consumer in 2010 overtaking the USA during a year which saw the rebound in the global economy drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price...
BP Announces Settlement with Moex/Mitsui of Claims Between the Companies Related to the Deepwater Horizon Accident
BP announced that it has reached agreement with MOEX Offshore 2007 LLC (“MOEX”) and its affiliates, Mitsui Oil Exploration Co., Ltd. and MOEX USA Corporation to settle all claims between the companies related to the Deepwater...
BP Agrees Sale of Wytch Farm to Perenco UK Limited
BP announced that it has agreed to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge fields to Perenco UK Ltd ('Perenco') for up to $610m in cash. The price includes $55m contingent on Perenco's future...
BP and AAR Reaffirm Commitment to Growth and Success of TNK-BP as Talks Continue with Rosneft Following Expiry of Agreement
BP and Alfa- Access- Renova (“AAR”) announced that they would intensify their efforts to ensure TNK-BP’s continued success following the lapse of the BP-Rosneft share swap transaction (and the related Arctic exploration...
BP Receives Approval to Complete Purchase of Exploration and Production Blocks in Brazil
BP announced it has received final approval to complete the purchase of ten exploration and production blocks in Brazil from Devon Energy.
Azerbaijani Parliament Ratifies Shafag-Asiman PSA
On May 6, the Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the...
Arbitral Panel Permits Conditional Completion of BP-Rosneft Share Swap - Subject to Rosneft's Consent and Assignment of Arctic Opportunity to TNK-BP
The arbitral panel has issued a consent order permitting BP and the Alfa-Access-Renova (AAR) consortium to assign the Arctic opportunity to TNK-BP, subject to Rosneft consent.
BP Welcomes Rosneft as New Partner in German Refining Joint Venture
BP welcomed Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG).
BP Announces Resolution of Federal Civil Claims
BP has reached an agreement with the U.S. Department of Justice to settle the federal civil suit that arose from the Prudhoe Bay oil transit line leaks in March and August of 2006.
BP Commits to Early Restoration Projects Along Gulf Coast
Effort aims to restore natural resources affected by spill
BP and Rosneft Extend Share Swap Deadline
BP announced that it has agreed with Rosneft to extend the deadline for completing the share swap agreement (previously announced on 14 January) to 16 May 2011.