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NEWS | Petrobras to take over BP’s ultra-deepwater assets off northern Brazil

Brazilian oil major Petrobras has struck a deal with BP to assume control over its entire stakes in six blocks in ultra-deep water in northern Brazil.

NEWS | BP poised to restart buybacks after reaching debt goal early

BP said it already achieved its $35 billion net-debt target, reaching the threshold at which it has said it can restart share buybacks about a year earlier than expected.

NEWS | Goldman Sachs Sees Large Oil Demand Rebound This Summer

Goldman Sachs is still bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, after the around 2 mill (...)

NEWS | SST-NDT has won a dock crane maintenance contract for ABP

Denholm Energy Services subsidiary SST-NDT has won a dock crane maintenance contract for ABP utilising their rope access service.

NEWS | Maersk Drilling secures nine-month contract to reactivate Maersk Reacher in Norway

Maersk Drilling has been awarded a contract with Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher to assist with well intervention, stimulation and accommodation at the Valhall field (...)

NEWS | New BP boss earns £1.7m as oil giant makes hefty losses

New BP chief executive Bernard Looney earned £1.7 million for his work in the role last year.

NEWS | BP plans 1 GW hydrogen hub for Teesside

BP is planning to build a 1 GW hydrogen production project in Teesside, UK, that would meet 20% of the UK’s hydrogen targets and capture the emissions from the heating of 1 m homes.

NEWS | Beach Energy discovers gas at Artisan 1 well

Oil and gas company Beach Energy (BPT) has discovered gas at the Artisan 1 well, located off the Victorian coast.

NEWS | Odfjell Drilling will do even more for Røkke

Aker BP has exercised its second 12-month option for Deepsea Nordkapp in line with an agreement entered into in April 2018, according to a stock exchange announcement.

NEWS | BP to tell 25,000 office staff to work from home two days a week

BP has told 25,000 office-based staff that they will be expected to work from home for two days a week as part of a post-pandemic shift to flexible working patterns.

NEWS | Oil giant recruits new head for UK business

BP has recruited the long-serving chief executive of the global institute for energy sector professionals to be the new head of its UK business.

NEWS | Aker BP Awards Norwegian Sea 4D Survey

Aker BP has awarded Shearwater GeoServices Holding AS an ocean bottom seismic (OBS) 4D survey at the Ivar Aasen field in the Norwegian North Sea, Shearwater reported Monday.

NEWS | BP and Chevron Have Made a Landmark Bet on This New Form of Clean Energy. It Could Completely Change the Renewables Scene

BP and Chevron have made a landmark investment into a new technology that could provide the world’s first scaleable, renewable energy from a constant source: the natural heat of the earth.

NEWS | Bahamas Petroleum completes drilling of Perseverance #1 well in Bahamas

BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development, and exploration assets across the region, provides the following update on the drilling of (...)

NEWS | UK to see six new offshore windfarms in drive toward net zero

Britain’s first major auction of offshore wind farm leases in over a decade has seen Orsted, RWE, BP and Total awarded contracts, the Crown Estate said this morning.

NEWS | Crown Estate accused of pushing up renewables prices

Oil giant BP is among the businesses to win the rights to build new wind farms in UK waters, it announced on Monday, as questions were raised about how the sites were allocated.

NEWS | BP, RWE win big in Round 4

Oil and gas companies have dominated the Crown Estate Round 4 leasing process with massive bids securing options for projects in the Irish and North Seas.

NEWS | BP records mammoth loss as pandemic rattles oil industry

The bloodbath in the energy markets created by the Covid-19 pandemic has left a multi-billion dollar hole in BP’s finances, the oil giant’s quarterly and annual reports have revealed.

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

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 consi (...)

NEWS | Eidesvik secures vessel work with Aker BP

Norwegian oil company Aker BP has awarded a contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.

NEWS | Why digitalization is the future of energy as big oil and gas players decarbonize

In 2020, the BP announcement that it would ramp down oil and gas production over the next ten years previews a big shift in the way companies—and markets—think about what makes a healthy energy compan (...)

NEWS | Enquest chase BP for £26m unpaid debt

UK based petroleum exploration and production company, EnQuest, has recently launched a legal claim against BP worth around £26 million as they, allegedly, failed to pay invoices relating to Sullom Vo (...)

NEWS | Survivex awarded technology-led training contract for BP's Greater Tortue Ahmeyim project

Leading Aberdeen-based offshore training provider, Survivex, has started work on a contract with BP to develop and deliver a bespoke four-week training programme for the operational personnel on the G (...)

NEWS | BP plugs and abandons disappointing Ironbark well

Rig working on BP’s Ironbark-1 well offshore Australia has completed the work scope on the well and departed the location of the well earlier this week.

NEWS | BP relaunches sale of North Sea assets Premier Oil gave up on

Oil major BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before it was taken over by another UK player, Chrysaor.
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