BP news
BP reports US$5.7 billion loss in 2020
For 4Q20, BP reported a profit of US$115 million.
C-Innovation signs one-year contract extension with BP for riserless light well intervention in Gulf of Mexico
C-Innovation will supply and complete all project management and engineering to provide a complete RLWI system utilising technology from Baker Hughes, Caltex Oil Tools and Halliburton.
BP selling 20% stake in Oman's Block 61 to PTTEP
Block 61, covering around 3950 km2 in central Oman, contains the largest tight gas development in the Middle East.
BP relaunches sale of stakes in North Sea oilfields
BP has relaunched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before Premier was taken over last year, according to industry sources.
First gas achieved from Asia’s deepest project
Gas production has started at the R Cluster, the ultra-deepwater gas field off the east coast of India being developed by Reliance Industries and BP.
Drilling of Ironbark-1 exploration well begins
Ironbark-1 will test the giant Ironbark gas prospect, which has a best estimate of 15 trillion ft3 prospective recoverable gas resource.
BP and Equinor make discoveries offshore Newfoundland
Two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons.
BP reports profit in 3Q20
BP reported a US$86 million underlying replacement cost profit for the three months to 30 September.
Partnership created to develop North Sea carbon dioxide infrastructure
BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership, the Northern Endurance Partnership, to develop offshore carbon dioxide transport and storage infrastructure in the UK North Sea.
BP begins production at Qattameya field
BP has started production from the Qattameya gas field in the North Damietta offshore concession.