Bp

Oil Price

OPEC+ Working on Compromise for 2021 Oil Policy

The OPEC, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd).

Oil Field

BP Starts Drilling Platina Field Offshore Angola

Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.

United Arab Emirates

Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.

BP Sells London HQ for Nearly $332 Million

Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.

Offshore Wind Power

New Jersey Aims for Offshore Transmission Tender in 2021

The New Jersey Board of Public Utilities (NJBPU) aims to launch a competitive solicitation for offshore wind transmission in 2021, aligning with the regional gr…

Oil & Gas Trade

Saudi Arabia and Iraq Agree to Intensify OPEC Cooperation

The ceiling compares with Iraq’s actual production of over 4 million bpd in April.

Rooftop PV System

Port of Hull Sees 6.5MW Rooftop Solar Array Installed

Associated British Ports has unveiled a new solar PV installation at the Port of Hull that has doubled ABP Humber Ports’ renewable energy generation.

Hydrogen Project

Orsted, BP Join Forces on German Green Hydrogen Project

Electrolyser at the Lingen refinery in Emsland is due to be operational in 2024.

Market Analysis

Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years

It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…

Crude Oil

Libya Oil Output Hits 800,000 Bpd

Libya’s crude oil production has reached 800,000 bpd.

Oil Field

BP Starts Gas Production from Qattameya Field, Offshore Egypt

BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…

Oil Field

EGYPT: BP Starts Gas Production from Qattameya field

BP has announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…

Oil Field

BP Starts Oman's Giant Ghazeer Gas Field

BP started production at Oman's giant Ghazeer natural gas field in Oman which is set to underpin the company's oil and gas output for years even as it shifts to…

Crude Oil

Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd

The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues…

Nuclear Power Plant

Russia Approves Modernisation of PIK Reactor

Russia’s Glavgosexpertiza experts have approved the project for the modernisation of the PIK reactor at BP Konstantinov St Petersburg Nuclear Physics Institute…