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BP news


BP to sell Forties Pipeline System to INEOS

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.


BP pilots new R2S visualisation technology

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.


BP strategy update: getting back to growth

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.


BP: full year and 4Q 2016 results

BP focused on growth: strategic portfolio additions, new projects coming onstream, costs and spending reduced ahead of schedule


Petrofac secures BP maintenance contract

Petrofac is set to build on its provision of maintenance services for BP, following the award of a three-year extension to its existing contract in the North Sea.


Sparrows Group retains BP North Sea contract

Sparrows Group has retained its current North Sea Mechanical Handling and Crane Management contract with BP, which will extend the working partnership between the two companies to over 50 years.


BP to sell 25% of Magnus oilfield to Enquest

EnQuest PLC has announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 million boe of additional net 2P reserves (gross reserves of 63.4 million boe) with net production of 4.2 Mboe/d.