BP doubles up as new gas projects enter production

Aug 15, 2017 Jonny Bairstow Coal, Gas & Oil 0

BP has confirmed two new gas projects in Australia and Trinidad have entered production. They are the fourth and fifth of seven major projects the energy giant has announced it expects to come...

BP ups the heat on carbon offsets with green stoves

Jul 20, 2017 Jonny Bairstow Low Carbon 0

BP is funding a number of projects to reduce cook-stove emissions in an expansion of its carbon offsetting programme. By expanding its Target Neutral portfolio, the energy giant claims it will...

EU clears INEOS’ buyout of BP’s North Sea pipelines

Jul 17, 2017 Priyanka Shrestha Coal, Gas & Oil, Markets & Finance 0

The European Commission has approved the buyout of BP’s North Sea pipelines by INEOS. That includes the Forties Pipeline System (FPS) – which links 85 oil and gas assets to the UK mainland and...

Global energy demand ‘slows for third year in a row’

Jun 17, 2017 Jonny Bairstow Infrastructure & Generation, Markets & Finance, Top Stories 0

Global energy demand in 2016 slowed for the third year in a row. That’s according to the latest Statistical Review of World Energy from BP, which reveals the demand growth that does continue to...

BP announces two gas discoveries in Trinidad

Jun 05, 2017 Jonny Bairstow Coal, Gas & Oil 0

BP has announced two significant gas discoveries offshore Trinidad. The oil and gas multinational says the Savannah and Macadamia exploration wells have unlocked around two trillion cubic feet...

First oil flows from redeveloped UK North Sea field

May 23, 2017 Priyanka Shrestha Coal, Gas & Oil 0

BP and its partners have announced first oil production from a redeveloped UK North Sea field. Schiehallion, located 110 miles west of Shetland, had been shut down for refurbishment since 2013....

BP announces ‘major’ gas find offshore Senegal

May 08, 2017 Priyanka Shrestha Coal, Gas & Oil 0

BP and its joint venture partner Kosmos Energy have announced a “major” gas discovery offshore Senegal. The Yakaar-1 exploration well was drilled to a total depth of around 4,700 metres in the...

BP slashes CEO pay by 40%

Apr 06, 2017 Jonny Bairstow Coal, Gas & Oil 0

BP has cut its CEO’s pay by 40%. Bob Dudley’s salary in 2016 was reportedly worth $11.6 million (£9.3m), down from $19.4 million (£15.54m) in 2015. In February 2015, BP reported record...

BP and DuPont joint firm buys new ethanol business

Apr 04, 2017 Jonny Bairstow Low Carbon 0

A joint venture between BP and chemical firm DuPont has bought a new ethanol business in the US. Butamax Advanced Fuels hopes the acquisition of Nesika Energy and its manufacturing site will...

BP to sell North Sea pipelines to INEOS for $250m

Apr 03, 2017 Jonny Bairstow Coal, Gas & Oil 0

INEOS is to buy the Forties Pipeline System (FPS) and associated facilities from BP. The chemical firm has agreed to pay BP up to $250 million (£199.5m) for the business, with half up-front and...