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BP news

BP announces cuts to spending

BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.


Foinaven FPSO to be chartered by BP for 10 years

Teekay Corp. has entered into a new bareboat charter contract with Britoil Ltd, a subsidiary of BP, for the Petrojarl Foinaven FPSO unit for up to approximately 10 years.


First oil produced from Alligin field offshore UK

Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel.


BP to sell North Sea assets to Premier Oil

The assets to be sold by BP include its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field.