BP news

bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy.

The agreement, the first well services contract between the companies, includes well integrity remediation services and SCP mitigation.

Flylogix will leverage the funding round to expand to new geographies, including the US, Norway and Trinidad & Tobago.

Azule Energy will be independently managed, with more than 200 000 boe/d of net oil and gas production and 2 billion boe of net resources.

The agreement covers IOG's equity gas from all of the Saturn Banks Phase 1 fields in the North Sea.

BP has held a 19.75% shareholding in Russian state-owned oil company Rosneft since 2013.

Phase 1 of the Herschel Expansion project comprises development of a new subsea production system and the first of up to three wells tied to the Na Kika platform.

ICR has been awarded a long-term hire contract with Aker Solutions for the provision of Quickflange weldless connections for BP’s offshore assets in Angola.

Lukoil has acquired a 25% participating interest in the Shallow Water Absheron Peninsula exploration project.