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...

BP to buy US green gas assets for $155m

Mar 02, 2017 Priyanka Shrestha Sustainability & Environment 0

BP is buying Clean Energy’s green gas business for $155 million (£126m). That includes existing biomethane production plants, its share of two new facilities under construction and third-party...

BP field expansion starts early and under budget

Jan 27, 2017 Jonny Bairstow Coal, Gas & Oil 0

BP’s expansion of the Thunder Horse field in the Gulf of Mexico has started ahead of time and under budget. The development of the new subsea production system will boost the site’s production...

BP: Renewables to be fastest growing energy source by 2035

Jan 26, 2017 Priyanka Shrestha Coal, Gas & Oil, Sustainability & Environment, Top Stories 0

Renewables will be the fastest growing energy source in the next two decades. That’s the prediction in BP’s latest Energy Outlook, which states renewable energy is expected to almost quadruple...