BP news

BiSN has signed an investment agreement with corporate venture capital groups for the development of a commercial portfolio of technology.

BP continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil.

The BP-operated Prudhoe Bay oil field has reached 40 years of production.

BP Trinidad & Tobago (bpTT) has announced that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad.

Add Energy, the international energy consultancy provider, has been awarded a maintenance build contract worth more than £1 million with BP for work on West Nile Delta (WND), a development located just off the north coast of Egypt.

The contract is to cover the provision of engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects.

BP has announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS.

The Aberdeen-based visual asset management (VAM) specialist Return To Scene Limited, part of James Fisher and Sons plc, is conducting a pilot project for BP utilising the latest generation of its R2S Mosaic technology.

The scope of work includes integrated supply base operations management, logistics control planning and pipe yard operations.

BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.