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Eni signs new E&P Sharing Agreement in Oman

Eni signs new E&P Sharing Agreement in Oman

January 14, 2019 No Comments

Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate of Oman today. Block 47 is located onshore in the Omani A’Dakhiliyah Governorate and covers an approximate area of 8,524 sqkm. The Block was […]

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BP to expand its presence in Korea

BP to expand its presence in Korea

January 11, 2019 No Comments

BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. The expansion is expected to add 100,000 tonnes a year (tpa) of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200,000 tpa vinyl acetate monomer […]

BP plans for significant growth in deepwater Gulf of Mexico

BP plans for significant growth in deepwater Gulf of Mexico

January 8, 2019 No Comments

BP announced today 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. The $1.3 billion Atlantis Phase 3 development is the latest example of […]

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BP restructures U.S. Wind Energy business

BP restructures U.S. Wind Energy business

December 22, 2018 No Comments

BP has divested three wind energy operations in Texas as part of a broader restructuring designed to optimize its U.S. wind portfolio for long-term growth. The three wholly-owned BP wind facilities –Silver Star (60MW generating capacity), Sherbino Mesa 2 (145MW) and Trinity Hills (225 MW) — were purchased by funds managed by affiliates of Ares […]

BP and SOCAR  explore the creation of a new petrochemicals joint venture in Turkey

BP and SOCAR explore the creation of a new petrochemicals joint venture in Turkey

December 21, 2018 No Comments

BP and SOCAR Turkey announced that they have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. The proposed facility, in Aliaga in western Turkey, would produce 1.25 million tonnes per annum (tpa) of purified terephthalic acid (PTA), 840,000 […]

Sonangol and BP to advance BP’s activities in Angola

Sonangol and BP to advance BP’s activities in Angola

December 17, 2018 No Comments

Angola’s Sonangol and BP today signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the production licence for the BP-operated Greater Plutonio project on Block 18 to 2032, subject to government approval, and for Sonangol to take an […]

BP to buy 25% interest in Nour North Sinai concession

BP to buy 25% interest in Nour North Sinai concession

December 11, 2018 No Comments

BP announced that it has agreed to acquire from Eni a 25% participating interest in the Nour North Sinai concession area offshore Egypt. The concession is located in the East Nile Delta basin, approximately 50 kilometres offshore in the Eastern Mediterranean, in water depths ranging from 50 to 400 metres and covering a total area […]

Eni partners with Mubadala Petroleum and BP in Nour concession in Egypt

Eni partners with Mubadala Petroleum and BP in Nour concession in Egypt

December 10, 2018 No Comments

Eni announces that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, have today been approved by the Egyptian Government. The transactions were approved during a ceremony in Sharm El Sheik by […]

BP Announces Early Participation Results of Exchange Offers

BP Announces Early Participation Results of Exchange Offers

November 30, 2018 No Comments

BP p.l.c. (“BP”) announced that as of 5:00 p.m. New York City time, on November 28, 2018 (the “Early Participation Deadline”), the aggregate principal amounts listed below of twenty-three series of notes, each issued by BP Capital Markets p.l.c. (“BP Capital U.K.”) (the “Old Notes”), had been validly tendered and not withdrawn in connection with […]

BP starts up Clair Ridge production

BP starts up Clair Ridge production

November 23, 2018 No Comments

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, today announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK. Clair Ridge is the second phase of development of the Clair field, 75 kilometres West of Shetland. The field, which was discovered in 1977, has an estimated […]

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