Tag: BP

In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP.

BP, a world leading integrated oil and gas company with numerous locations in the US, and Reliance Industries Ltd. will invest as much as USD $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast where both companies have faced trouble boosting production.

McDermott International, Inc., an American multinational engineering, procurement, construction and installation company headquartered in Houston, Texas recently announced that it has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from BP Trinidad & Tobago (bpTT) for the Angelin gas field.

BP, whose US headquarters are located in Florida, and its joint venture partner Kosmos Energy have announced a gas discovery offshore Senegal.

Alaska Gasline Development Corp. (AGDC) has announced that it has entered into a cooperation agreement with BP to collaborate in the development of the financial and tolling structure intended to advance the Alaska gasline and LNG project.

BP, whose US headquarters are located in Florida, has agreed to buy stakes in gas-heavy exploration areas off the coast of Mauritania and Senegal from Kosmos, a Dallas-based energy company, days after announcing the long-awaited renewal of an onshore oil concession in Abu Dhabi.

BP is moving its Lower 48 regional headquarters to Denver from Houston, with the purpose of putting the company in a better position to manage about two-thirds of its onshore oil and gas properties and to invest further across the Rocky Mountain West.

BP is to go ahead with the USD $9 billion Mad Dog Phase 2 project in the deepwater Gulf of Mexico just over 300 km south of New Orleans.

BP will forge ahead with at least three more new projects this year, its CEO said, despite the British oil major reporting a 45 percent drop in second-quarter earnings that prompted a cut in its 2016 investment budget to below $17 billion.

Petrofac, a leading provider to the oil & gas industry with American branches in Mexico City and Houston, Texas, has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea.