BP news

The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes.

In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer.

A merger could strengthen Shell's global energy market standing, challenging Exxon and Chevron in the US.

bp has confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources.

bp has announced that the company's board of directors has initiated a succession process to select a new Chair, after Helge Lund informed the board of his intention to step down in due course.

bp Trinidad and Tobago (bpTT) has confirmed its Cypre development has safely delivered its first gas.

bp has reached agreement on all contractual terms with the Government of the Republic of Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields.

The new wells are expected to produce approximately 7 million barrels of condensate.

BP plans new wells for Shah Deniz to sustain gas production.

The asset visualisation software has been extended to 20 additional bp facilities.