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NEWS | Odfjell Drilling Wins Aker BP Contract

Aker BP has awarded additional work for Odfjell Drilling’s Deepsea Stavanger semi-submersible rig under the companies’ existing frame agreement, Odfjell reported Tuesday.

NEWS | Petrofac-SOCAR JV Gets $100MM BP Deal

A Petrofac – SOCAR (State Oil Company of the Republic of Azerbaijan) joint venture (JV) has secured a services contract with BP Azerbaijan.

NEWS | We have reached peak oil demand: BP report

In its annual report on the oil industry, BP outlined potential scenarios for the future of oil and gas. The oil major wrote that the continuous growth of oil demand would end, and oil production mig (...)

NEWS | BP signs deal with Aberdeen council to cut climate emissions

Aberdeen is only the second city in the world after Houston in the US to join forces with the energy company in such an arrangement.

NEWS | BP to sell London headquarters as work patterns shift

BP is reportedly planning to sell its headquarters in central London, becoming the latest employer to signal a permanent shift in its working patterns.

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 (...)
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