BP news

Dragon Oil will invest US$1 billion over five years to boost and extend the production of the oil concessions in Egypt's Gulf of Suez.

According to Rystad Energy, BP has seen the most resource growth from mergers and acquisitions (M&A) across all supply segments, adding nearly 6.5 billion boe. Conversely, Shell has shed almost 11 billion boe since 2015 (excluding the effect of Shell’s 2015 acquisition of BG Group).

The enhanced imaging volumes from the Greater Plutonio development in the Lower Congo Basin were delivered four weeks early for the project.

The work is for the Azeri Central East project in the Azeri-Chirag-Deepwater Gunashli field in the Caspian Sea.

The oilfield procurement firm has been awarded its first contract with Petrofac in the UK as well as two major contracts with Spirit Energy and BP.

The project saw Welaptega use its new edge tracking data system and its patented CMS technology to inspect the mooring system of BP’s PSVM FPSO, which is situated in Block 31 offshore Angola.

The company will work with BP to drill and evaluate the Puma West prospect , while it has acquired from ExxonMobil the Hershey prospect.

Brazil’s recent pre-salt rounds have attracted majors, with BP, ExxonMobil, Royal Dutch Shell, and Statoil all now operators.

The Net Zero Solution Centre will aim to accelerate the development and deployment of technologies to decarbonise offshore operations and develop the UK Continental Shelf as the first net zero oil and gas basin globally.

The deal makes Hilcorp the second-largest Alaska producer and reserves holder, behind ConocoPhillips.