Tag: BP

Enbridge Inc. announced that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company.

Keeping codes and standards continually up to date is crucial within any industry.

In the oil and gas sector equipment performance is critical. Reliability and extended lifetime are key success factors for efficient and cost-effective operation.

BP chief executive Bernard Looney and the supermajor’s chairman Helge Lund have given 20% of their salaries to mental health charities that help those whose conditions have been amplified by the ongoing coronavirus pandemic.

The Board of BP board members have announced that Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board.

BP announced it will deploy continuous measurement of methane emissions in its future oil and gas processing projects. Continuous measurement, including the use of such instruments as gas cloud imaging (GCI), will be introduced at all major BP projects worldwide.

BP announced that it will soon sell its entire Alaskan business to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion.The sale will include BP's upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP's upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.'s interest in the Trans Alaska Pipeline System (TAPS).Bob Dudley, BP group chief executive, said "Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company.

Prior to BP's annual general meeting (AGM), Helge Lund, BP's Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system. He mentioned during the company's annual meeting, activists will gather and protest outside the city's exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company's strategy is in line with the 2015 Paris agreement. "We recognize that the world is on an unsustainable path.

Standardization in the oil and gas sector is imperative to ‘raise the bar’, for example in terms of fugitive emissions. “Within the International Association of Oil & Gas Producers (IOGP), various end users have agreed upon base requirements, some of which have repercussions for valve industry. In general, this doesn’t require a huge effort from the supply side.” By Lucien Joppen & Catarina Muia.

BP reports on the progress made on the company's low carbon ambitions – including the expansion of their solar presence; safety; human rights; contribution to society; and managing environmental impacts such as water use in the company's 2019 Sustainability Report.