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NEWS |
Outlook darkens for North Sea oil and gas industry
Two oil and gas majors provided votes of confidence in the North Sea last week but these may only provide cold comfort as the outlook for the sector gets ever bleaker.
NEWS |
Covid-19 and energy transition will expedite peak oil demand to 2028 and cut level to 102 million bpd
The Covid-19 pandemic and the acceleration of the energy transition have led Rystad Energy to significantly revise its long-term oil demand forecast.
NEWS |
The latest oil and gas update from OGV
This week was mostly about the big cap oilers as both Royal Dutch Shell PLC and BP PLC issued their third-quarter results....
NEWS |
Oil discoveries offshore Newfoundland, Canada
Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada.
NEWS |
BP Achieves First Gas from Offshore Egypt Field
BP reported Monday that it has started gas production from the Qattameya gas field in the North Damietta concession offshore Egypt.
NEWS |
BP Partners To Capture UK Carbon Emissions; Starts Qattameya Field
BP PLC on Monday announced the commencement of gas production from the Qattameya gas field located offshore Egypt and said that it has formed a partnership to develop offshore carbon dioxide infrastru (...)
NEWS |
BP Evacuates Staff from 4 Gulf of Mexico Oil Platforms as Tropical Storm Zeta Intensifies
BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities as Tropical Storm Zeta sprang up in the Caribbean Sea.
NEWS |
BP posts $100 mln profit in third quarter, beating forecast
BP on Tuesday reported a third-quarter underlying replacement cost profit, its definition of net income, of $100 million, compared with a forecast of a loss of $120 million in a company-provided surve (...)
NEWS |
Aker Offshore Wind and Aker BP to collaborate to drive down emissions
Aker Offshore Wind chief executive Astrid Skarheim Onsum said, “We look forward to the opening of offshore wind acreage on the Norwegian Continental Shelf (NCS) in 2021.
NEWS |
Extinction Rebellion Scotland dumps mounds of manure outside BP Aberdeen offices
Extinction Rebellion Scotland has dumped mounds of manure outside BP's Aberdeen offices, proclaiming that BP "can't be trusted."
NEWS |
Seadrill scores extension for West Vela drillship from BP
Oil major BP has awarded a new contract for Seadrill Partners’ West Vela drillship for work in the U.S. part of the Gulf of Mexico.
NEWS |
Covid case confirmed on the BP Andrew Installation
Workers have been removed from a BP North Sea platform after a positive Covid-19 case on board.
NEWS |
Ocean Apex drilling rig mobilised for Ironbark-1 exploration well
The Ocean Apex semi-submersible drilling rig was handed over to BP, the operator of the WA-359-P joint venture, for the drilling of the Ironbark-1 exploration well at 1600hrs (AWST) on Friday afternoo (...)
NEWS |
BP starts production at Ghazeer gas field in Oman
BP has started production at the Ghazeer gas field in Oman, four months ahead of schedule.
NEWS |
BP forced to boost security in Azerbaijan as conflict escalates
BP will boost security at its oil and gas assets and operations in Azerbaijan after reports of alleged attacks near an important oil pipeline as the conflict between Armenia and Azerbaijan escalates, (...)
NEWS |
OPEC Expects Oil Demand Rise
Oil demand is projected to increase from nearly 100 million barrels per day (MMbpd) in 2019 to around 109 MMbpd in 2045, according to OPEC’s latest World Oil Outlook (WOO) report.
NEWS |
Bahamas Petroleum Company PLC Update on Goudron and Inniss-Trinity Contract
BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, advises of the current status of two contract arra (...)
NEWS |
Drill Rig Nomination and Perseverance #1 Spud Date
BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, is pleased to announce that it has received formal (...)
NEWS |
OGA Appoints Ex-Chevron and BP Rep
The UK Oil and Gas Authority (OGA) has announced that it has appointed Andy Brooks as its new Central North Sea area manager.
NEWS |
Subsea construction begins at Seagull project
Neptune Energy and its joint venture (JV) partners BP and JAPEX have announced the beginning of the subsea construction phase of the Seagull tie-back project.
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.
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