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NEWS |
BP Becomes Accredited UK Living Wage Employer
The Living Wage Foundation (LWF) confirmed Thursday that it has formally accredited BP as a UK Living Wage Employer.
NEWS |
Maersk Drilling awarded one-well contract with Aker BP
Maersk Drilling has been awarded an additional one-well contract from Aker BP for 2015-built jackup rig Maersk Integrator.
NEWS |
Premier Oil To Raise GBP300 Million More Equity As Refinances Debt
Premier Oil PLC on Thursday said it took a knock in the first half of 2020 due to a double set of challenges, as it agreed to refinance its debt facilities and plans to raise more equity.
NEWS |
Beach Energy awards drilling contract for Otway Basin drilling programme
Australian oil and gas exploration and production company, Beach Energy (BPT) has awarded a new drilling services contract to Diamond Offshore General Company.
NEWS |
BP Remains Committed to Azerbaijan Oil, Gas Development
NEWS |
BP employee sacked for using Hitler meme wins pay out
A BP employee in Australia who lost his job after sending colleagues a Hitler meme parodying the company’s wage negotiations has been awarded $200,000 (£109,000) after winning his unfair dismissal cas (...)
NEWS |
SOCAR-Petrofac JV awarded contract by BP Azerbaijan
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support ser (...)
NEWS |
OGV Energy’s Middle East Energy Review
Major oil producers in the Middle East, grouped in the OPEC+ coalition, decided in the middle of July to ease their record production cuts of 9.7 million barrels per day (bpd) starting on 1 August.
NEWS |
BP to cut fossil fuels output by 40% by 2030
Energy group BP (BP.L) will increase its low-carbon spending to $5 billion (3.82 billion pounds) a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and ga (...)
NEWS |
BP handed £7000 fine after oil spill in North Sea
BP has been handed a £7000 fine after 95 tonnes of crude oil spilled into the North Sea.
NEWS |
Fugro begins extensive site characterisation for ScottishPower Renewables’ East Anglia Hub
Fugro has begun the geophysical survey phase of a large multidisciplinary site investigation contract worth around GBP 55 million for ScottishPower Renewables’ (SPR’s) East Anglia Hub project.
NEWS |
Big Oil can play big role in frontier markets’ energy transition
Recent multibillion-dollar asset writedowns by BP and Shell, signalling that at least a portion of their portfolio did not represent future value, have come amid the rising tide of references to oil a (...)
NEWS |
Aker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two separate fields offshore Norway.
NEWS |
Maersk Drilling awarded jackup contract by Aker BP
Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low emission jackup rig Maersk Integrator, in direct continuation of its cur (...)
NEWS |
Premier Oil completes deal to buy BP North Sea assets in $565 million deal
Premier Oil has signed a sale and purchase agreement to buy BP's Andrew Area and its Shearwater assets in a deal worth up to $565 million.
NEWS |
Aker BP reports profit in 2Q20
Aker BP has announced its 2Q20 operational and financial results.
NEWS |
Shell & Exxon's Q2 Updates, BP's Divestment & More
On the news front, Royal Dutch Shell and ExxonMobil issued updates on their upcoming Q2 earnings. Meanwhile, BP plc agreed to sell its global petrochemicals business for $5 billion.
NEWS |
Covid-19 may forever spoil Angola’s plans to rebuild its declining oil production
Angola’s oil output averaged 1.38 million barrels per day (bpd) last year and was forecast to reach 1.4 million bpd in 2020.
NEWS |
OGV Energy’s Middle East Energy Review – July 2020
The Middle East and its key oil and gas producers were the spotlight of media attention once again this month, after the OPEC+ group of oil producers from OPEC and about a dozen non-OPEC nations decid (...)
NEWS |
Premier Oil drops acquisition of further stake in Tolmount project
Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea’s Dana Petroleum, while its creditors approved the acquisition of BP’s North S (...)
NEWS |
Premier Oil's acquisition of BP North Sea assets approved by creditors
Premier Oil has announced that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets from BP under the amended terms announced in early June.
NEWS |
Iraq’s OPEC+ compliance doomed to fall short of target as costs too high to bear
Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance in future months.
NEWS |
Subsea 7 awarded contract offshore Norway
Subsea 7 today announced the award of a sizeable(1) contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea.
NEWS |
BP to sell petrochemicals business to INEOS for $5 billion
BP has struck a deal to sell its petrochemicals business to INEOS for $5 billion.
NEWS |
Aker BP Awards Aker Solutions $175,5M Offshore Maintenance Work
Norwegian oil company Aker BP has awarded an offshore maintenance and modification contract worth around $175,5 million to its compatriot offshore services provider Aker Solutions.
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