BP plc Company News
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BP To Cut 3% Of Upstream Jobs By Year-End
Tuesday, May 22, 2018 BP says it plans to cut 3% of jobs in exploration and production.
Forget About Oil at $80. The Big Rally Is in Forward Prices
Monday, May 21, 2018 Some investors bet that the "lower for longer" price mantra is all but over.
BP Sees Legal Jeopardy in Activists' Push for Climate Action
Monday, May 21, 2018 After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP is wary of the risk of lawsuits related to climate change.
BP Is Said in Talks for Conoco's UK Field Stake in Swap
Friday, May 18, 2018 BP and ConocoPhillips are in discussions for an asset swap deal, according to sources.
An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'
Iraq, BP Sign Kirkuk Oilfield Development Contract, Official Says
Monday, May 07, 2018 Iraq's state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country.
In US Gulf, Robots, Drones Take On Dangerous Offshore Oil Work
Thursday, May 03, 2018 The energy industry has turned to robots and drones to cut costs and improve safety in some of the world's tougher working environments.
BP Profit Beats Estimates, Highest in Years
Tuesday, May 01, 2018 Shareholders react positively to the highest profit in years even as the continuing burden of oil-spill payments push debt higher.
OTC 2018: 'Waste' Seen as a Major Inefficiency for E&P Companies
Monday, April 30, 2018 The industry's operating in a new normal price environment. But waste within their operating systems is a problem.
BP, SOCAR Sign PSA for Exploration, Development Offshore Azerbaijan
Friday, April 27, 2018 BP and SOCAR sign a new production sharing agreement for the joint exploration and development of Block D230.
BP Names Former Statoil Boss Lund As Next Chairman
Thursday, April 26, 2018 BP names Helge Lund, a former head of Norway's Statoil, as its next chairman.
BP Gets First Chance to Sell US Pipeline Stake Since its IPO
Monday, April 23, 2018 Large holders of BP Midstream Partners LP may sell up to 10 million additional units starting Tuesday, when they become available to trade for the first time since October's IPO.
BP Teams Up with Tesla to Venture into Battery Storage for Windfarm
Tuesday, April 10, 2018 BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business.
BP Squeezed Out of Abu Dhabi Offshore Oil as China, Italy Win
Thursday, March 22, 2018 BP missed out on a chance to renew its partnership in oil concessions off the emirate's shores, which expired this month.
Oil, Gas Leaders Warn Trump He Risks Harming Their Industry
Friday, March 16, 2018 The meeting came a week after Trump decided to slap a 25 percent levy on steel imports
Eni Promises Richer Returns After Exploration Success
Friday, March 16, 2018 The biggest foreign oil and gas producer in Africa will add 2 billion barrels of new oil and gas production over the next four years.
Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
Women in Oil, Gas: BP's Aleida Rios Advocates for Diversity and Inclusion
Thursday, March 08, 2018 Aleida Rios shares how she grew from an immigrant who struggled with a language barrier in school to become the woman accountable for all of BP's offshore Gulf of Mexico operations.
BP Sees Electric Future With Oil Demand Peaking in 2030s
Tuesday, February 20, 2018 The future is electric for BP, though it's not giving up on oil just yet.
Big Oil Said to Plan Tenfold Expansion of Cost-Cut Collaboration
Tuesday, January 23, 2018 The world's largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas.
BP Is Said to Weigh Bid for $1.8B Italian Solar Company
Monday, January 22, 2018 BP is considering a bid for one of Italy's largest collection of solar assets, according to people familiar with the matter.
Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.
Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps
Thursday, December 21, 2017 Pipeline owners eye binding open season.
Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices
Wednesday, December 20, 2017 Canada's offshore oil industry is drawing rising investment interest.
BP Returns To Solar With Investment In Lightsource
Friday, December 15, 2017 BP is getting back into solar power six years after its first foray with a $200 million investment in solar generator Lightsource
BP: 2017 'Massive' Year for Global Upstream Projects
Thursday, December 07, 2017 Senior leaders from BP's Global Projects Organization say the company's project performance was positive for 2017 and have high expectations for the future.
BP Seeks Stake In Cairn Energy Senegal Assets
Monday, November 20, 2017 Cairn Energy is in talks with BP to sell a 30% stake offshore Senegal.
Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield
Monday, November 20, 2017 BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield.
Aker BP Buys Hess' Norway Unit For $2B
Tuesday, October 24, 2017 Aker BP will add the Norwegian operations of Hess to its expanding exploration and production portfolio under a $2 billion deal.
BP Chairman Svanberg to Retire; Search Starts for Successor
Thursday, October 19, 2017 BP's Chairman Carl-Henric Svanberg to retire.
BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.
BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
Thursday, October 12, 2017 SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.
Increasing the World's Oil Reserves with Digitization
Monday, October 09, 2017 As oil companies look to increase production, digitization can help them expand their reserves, which keeps prices down for consumers.
Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.
Russia's Rosneft Elects German Ex-chancellor Schroeder as Chairman
Friday, September 29, 2017 Schroeder calls Russian President Vladimir Putin his friend and has criticized moves to impose sanctions on Russia.
Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs
Monday, September 25, 2017 OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP's trading arm said.
BP Restores Power At Thunder Horse Platform After Outage
Wednesday, September 20, 2017 BP restores power at its Thunder Horse platform in the US Gulf of Mexico.
BP's Thunder Horse Platform Shut Temporarily On Power Issue
Tuesday, September 19, 2017 BP halts production at its Thunder Horse platform in the US Gulf of Mexico following a power outage.
Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.
BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.
Azerbaijan's SOCAR To Boost Its Share In New Deal With BP On Oil Fields
Friday, September 08, 2017 SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for development of the country's biggest oilfields, two industry sources say.
BP, Reliance Close in on India Gas Field Near Missile Test Site
Thursday, September 07, 2017 Reliance Industries and its partner BP are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.
Big Oil Says It Still Loves North Sea Despite Asset Sales
Wednesday, September 06, 2017 Europe's biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn't mean we're heading for the exit.
Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin
Tuesday, August 29, 2017 Brazil's environmental regulator Ibama says it has rejected Total's environmental study on drilling in the Foz do Amazonas basin.
From a Little-Known Shale Play in New Mexico, BP Gets a Gusher
Monday, August 07, 2017 BP may have just found a gem in a largely ignored corner of New Mexico.
Big Oil Seen Vulnerable to Fresh Slump Despite Growth at $50
Wednesday, August 02, 2017 Europe's oil industry is once again generating cash even as crude languishes at half the price of three years ago.
BP's West Africa Partner Kosmos To List In London By End-September
Wednesday, August 02, 2017 Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.
BP Production Growth Boost Shares Despite Profit Drop
Tuesday, August 01, 2017 BP's 2Q profit dipped but beat forecasts after an exploration write-off in Angola.
BP Sees Oil Prices Below $55 A Barrel In 2018
Tuesday, August 01, 2017 BP expects global oil prices to hold within a range of $45-$55 a barrel next year as US shale production grows.
Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet?
Tuesday, July 18, 2017 The trends that are undercutting optimism about the global gas outlook are already playing out in Europe.