BP news

Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman.

Aker BP ASA has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semisubmersibles.

Now with the responsibility for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas output, INEOS has further strengthened its long term oil and gas activity.

Ensco plc has announced the completion of its acquisition of Atwood Oceanics, Inc.

New joint venture will be largest privately-owned integrated energy company operating in Argentina.

OPEC Secretary General, HE Mohammad Sanusi Barkindo, has sent a letter to the Secretary of Energy of the United States of America, Rick Perry.

Gas projects in Australia and Trinidad are fourth and fifth of seven major projects start-ups BP expects in 2017.

BP’s profit for the second quarter and half year was US$144 million and US$1593 million respectively, compared with a loss of US$1419 million and a loss of US$2002 million for the same periods in 2016.

BiSN has signed an investment agreement with corporate venture capital groups for the development of a commercial portfolio of technology.

BP continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil.