BP is headlining a reorganization as upstream chief executive Lamar McKay takes on a new role of deputy group chief executive, with Bernard Looney, the company’s upstream chief operating officer, production taking his place. McKay…
CEOs of 10 global oil and gas companies have joined forces to encourage a declaration on climate change to be made at next month’s 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change - COP21…
The 2010 Deepwater Horizon spill came back to haunt BP once again in 2Q 2015, as the company reported a massive loss of US$6.3 billion, largely due to the deadly Gulf of Mexico incident. Bob Dudley…
After five years, BP reached a US$18.7 billion settlement agreement for the Deepwater Horizon disaster that the UK supermajor will pay over an 18-year period. Transocean's Deepwater Horizon before the explosion…
Oil majors BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total are jointly calling for international governments and the United Nations to introduce carbon pricing systems which could eventually be internationally connected. In what…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. Image from BP. The discovery was made at the Atoll…
Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017. The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…
BP’s request to extend the operating life of the Valhall field quarters platform (QP), has been denied by the Petroleum Safety Authority Norway (PSA) stating that BP has failed to define realistic acceptance criteria for non-linear analyses…
BP unveiled its long-term strategy and how it’s managing the company’s upstream business in a presentation to investors, including reducing capital spending by US$1-2 billion across the group, which could incur $1 billion in restructuring charges over the next five quarters…
Leading industry executives including BP CEO Bob Dudley cautioned against “over-reacting” to current low oil prices at global industry forum. 'While there has been some speculation that the high cost of unconventional oil production might…
BP has added to its portfolio of enhanced oil recovery (EOR) technologies with a robotic coreflooding system. 'It will give us ten times increase in capacity to test out new EOR techniques on core samples,' Bob Dudley, BP group chief executive…
Less than a week before Scotland goes to the polls over independence, the heads of BP and Shell have made their opinions clear amid counter claims over North Sea oil. Bob Dudley and Ben van Beurden, the CEOs of BP and Shell respectively…
BP and the China National Offshore Oil Corp. (CNOOC) signed a heads of agreement regarding the supply of up to 1.5MTPA of liquefied natural gas (LNG) over 20 years starting in 2019, the supermajor announced on 17 June 2014. The agreement…
BP announced the appointment of Angela Strank to the position of BP chief scientist. She succeeds Ellen Williams, who has been nominated asdirector of the Advanced Research Projects Agency – Energy, in the US Department of Energy. As chief scientist…
