BP | Oil and Gas Technology

bp to sell 20% stake in Oman‎’‎s Block 61 to PTTEP

Submitted by Anonymous on 3rd February 2021

03rd February 2021

bp has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and ‎‎Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion.

Equinor and bp complete US offshore wind transactions and formation of strategic partnership

Submitted by Anonymous on 29th January 2021

29th January 2021

Equinor and bp have completed their previously announced transaction, whereby Equinor has sold a 50% interest in both the Empire Wind and Beacon Wind assets on the US east coast for a total cash consideration of around USD 1.1 bn excluding customary purchase price adjustments

BP starts gas production from Qattameya field

Submitted by Editorial on 29th October 2020

29th October 2020

BP has started gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.

From International Oil Company to Integrated Energy Company

Submitted by Editorial on 4th August 2020

04th August 2020

bp sets out strategy for decade of delivery towards net zero ambition

bp agrees to sell its petrochemicals business to INEOS

Submitted by Editorial on 29th June 2020

29th June 2020

bp has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments.

BP licenses its latest generation PTA technology to Dongying Weilian Chemical in China

Submitted by Editorial on 28th May 2020

28th May 2020

bp has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian Chemical Co., Ltd.

BP confirms commitment to completing sale of its Alaska business

Submitted by Editorial on 27th April 2020

27th April 2020

BP today confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020.

BP extends multi-million-pound vessel contract with Vroon Offshore Services

Submitted by Editorial on 28th February 2020

28th February 2020

Vroon Offshore Services (VOS) Ltd has secured a three-year contract extension with BP, worth around £30million

BP to leave three trade associations after detailed review of climate policies

Submitted by Editorial on 26th February 2020

26th February 2020

BP has announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA).