BP Biofuels and Copersucar have announced that they have agreed to form a joint venture to own and operate a major ethanol storage terminal in Brazil, better and flexibly connecting ethanol production with the country’s main fuels markets.
The Industry Technology Facilitator (ITF) and Norwegian Energy Partners (NORWEP) are hosting joint technology hackathon events later this month to collectively tackle operator late life and decommissioning challenges.
BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.
BP and GE announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations.
BP has announced it has agreed to sell part of its interests in the Magnus oil field and some associated pipeline infrastructure in the UK northern North Sea and in the Sullom Voe Terminal (SVT) on Shetland to EnQuest.
BP have announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open a new phase of development in the region.
BP has signed agreements with Kosmos Energy to acquire a 62 per cent working interest, including operator, of Kosmos’ exploration blocks in Mauritania and a 32.49 per cent effective working interest in Kosmos’ Senegal exploration blocks.
BP has reported a profit for the third quarter of 2016 of USD933 million on an underlying replacement cost basis. This compares to USD720 million profit for the previous quarter and USD1.8 billion for the third quarter of 2015.
