Arbitral Panel Defers Final Ruling
BP announced today the arbitral tribunal has ruled that the interim injunction prohibiting closing of the share swap transaction with Rosneft will remain in place until further notice.
BP Agrees Sale of Arco Aluminum
BP announced that it has agreed the sale of its wholly-owned subsidiary, ARCO Aluminum Inc. to a special purpose vehicle incorporated by a consortium of Japanese companies. ARCO Aluminum is a supplier of rolled aluminium sheet,...
BP Accesses Four Coalbed Methane Production Sharing Contracts in Indonesia
BP confirmed that it has signed four new coalbed methane (CBM) production sharing contracts (PSCs) in the Barito basin of South Kalimantan, Indonesia.
BP Remains Committed to Partner with Russia
BP announced that an arbitral tribunal has ruled that the interim injunction issued to prevent BP’s proposed transaction with Rosneft, which includes Arctic exploration and a share swap transaction, from proceeding should...
BP Announces Expansion of Biofuels Business in Brazil
BP announced that it has agreed to acquire majority control of the Brazilian ethanol and sugar producer Companhia Nacional de Açúcar e Álcool (CNAA). When CNAA’s assets are fully developed, this is expected to increase BP’s...
BP is to sell its Veedol and Duckhams Lubricant Brands
BP is looking for buyers for its world famous Duckhams and Veedol lubricant brands. Both have been in existence since the invention of the motor car around the turn of the century.
BP to Sell Package of UK Upstream Assets
BP announced today the intention of selling its interests in a number of operated oil and gas fields in the UK.
BP and Reliance Industries Announce Transformational Partnership in India
Reliance Industries Limited and BP to participate across the gas value chain in India
BP Confirms Plans for Further Petrochemicals Growth in China Including Debottlenecking of BP Zhuhai
BP today confirmed that it is proceeding with its project for a major increase in purified terephthalic acid (PTA) production capacity at the BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China, a JV...
BP to Reshape US Downstream Business and Seek Buyers for Texas City and Carson Refineries
Aligned with changing trends in global demand, BP announced today that it intends to reposition its refining and marketing (R&M) business in the US and divest two of its US refineries. It intends to seek buyers for the Texas...
BP Announces Plans to Enter into Arbitration Proceedings
BP today announced immediate plans to enter into arbitration proceedings to resolve the issues raised by Alfa Petroleum Holdings Limited and OGIP Ventures Limited in their application to the English High Court relating to the...
BP to Reshape US Downstream Business and Seek Buyers for Texas City and Carson Refineries
Aligned with changing trends in global demand, BP announced today that it intends to reposition its refining and marketing (R&M) business in the US and divest two of its US refineries. It intends to seek buyers for the Texas...
Emerging Economies to Lead Energy Growth to 2030 and Renewables to Out-Grow Oil, Says BP Analysis
World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP's...
Rosneft and BP Form Global and Arctic Strategic Alliance
Major Arctic Projects and Share Swap
BP Awarded Four Australian Deepwater Exploration Blocks
BP today announced that it has been awarded four deepwater offshore blocks in the Ceduna Sub Basin within the Great Australian Bight, off the coast of South Australia.
BP Agrees to Sell Upstream Interests in Pakistan to United Energy Group Limited
BP announced today that it has entered into an agreement to sell almost all of its exploration and production assets in Pakistan to United Energy Group Limited (UEG).
BP Awarded Exploration Block in Indonesia
Following an announcement last week by the Government of Indonesia last week, BP confirmed today that it has been awarded a 100 per cent interest in the North Arafura oil and gas production sharing contract (PSC) in onshore Papua...
BP Makes a Significant Deep Gas Discovery in Egypt's West Nile Delta
BP Egypt announced today that it has made a significant gas discovery in the Deepwater West Nile Delta area.
BP to Sell Interests in Four Gulf of Mexico Fields to Marubeni
BP today announced that it has reached agreement to sell its recently-acquired interests in four mature producing deepwater oil and gas fields in the US Gulf of Mexico to Marubeni Oil and Gas for $650 million.
BP to Sell Venezuela and Vietnam Businesses to TNK-BP
BP announced today that it has reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for a total of $1.8 billion. TNK-BP, Russia's third largest oil company, is owned...
BP and SOCAR Sign Shafag-Asiman PSA
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced today they had signed a new production sharing agreement (PSA) on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan...
BP Pledges Collateral for Gulf Of Mexico Oil Spill Trust
BP announced today that it has pledged certain Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.
BP Announces Intent to Join Marine Well Containment Company, Providing Experience and Equipment
BP announced today its intent to join the proposed Marine Well Containment Company (MWCC) and to make its underwater well containment equipment available to all oil and gas companies operating in the Gulf of Mexico.
BP Confirms Successful Completion of Well Kill Operations in Gulf of Mexico
BP today confirmed that well kill operations on the MC252 well in the Gulf of Mexico are now complete, with both the casing and annulus of the well sealed by cement.
Statement by BP America on Completion of MC252 Relief Well
The following statement was released by BP America Chairman and President Lamar McKay on completion of the MC252 Relief Well in the Gulf of Mexico.