Tag: BP

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.

Valve World Americas had the opportunity to speak with Gilbert Alonzo, mechanical engineer once employed at Dow Chemical and BP Production and Exploration, as well as the subject-matter expert for valves. With such a vast amount of experience and knowledge in the industry, training has been a priority for him within all the different disciplines, from learning the basics about valves and how to troubleshoot, to knowing that a quarter-turn ball valve should not be used for throttling.

BP announced that it has created a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations.

BP Trinidad and Tobago (BPTT) announced first gas production from its Angelin development. The project was delivered on time and under budget.

McDermott International, Inc.

BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business.

 BP announced that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.

BP announced that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.