BP plc Company News

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Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer
Friday, October 19, 2018 Sentinel plans to acquire Strike LLC and take the dominant US pipeline services company public.

BP Thunder Horse Expansion in Gulf of Mexico Starts Early
Thursday, October 18, 2018 BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.

Oil Drillers' Rocky Mountain High Threatened by Colorado Vote
Wednesday, October 17, 2018 Politically, BP is trying to straddle both sides.

Tight Oil, Shale to Drive Majors' Output to New Highs
Tuesday, October 16, 2018 By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.

BP and Aker BP Form Technology Alliance
Wednesday, October 03, 2018 The two companies have created a strategic venture to add new technologies to their businesses.

Oil Price Spike Could be Short-lived
Tuesday, September 25, 2018 Oil bulls cheered by the prospect of $100 oil beware. A rally in prices may be short-lived.

BP Oil-Buying Spree Jolts Sleepy West African Crude Market
Friday, September 14, 2018 Two of the world's biggest oil companies are stepping up buying and selling of West African crude at the same time.

BP Buys 61 Percent Stake In Azerbaijan's Gobustan Onshore Project
Friday, September 14, 2018 BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA.

The $20B Race to Eclipse Norway's Elite Oil Producers
Thursday, September 13, 2018 The race is on to become Norway's biggest non-state oil company.

Canadian Crude Prices Plunge Once Again
Friday, September 07, 2018 Canadian crude prices are plunging once again as repairs were completed on Alberta's second-biggest oil sands upgrader and production surged from a new mine.

BP Concerned Over Planned Merger Of Poland's Two Biggest Refineries
Wednesday, September 05, 2018 The planned merger of Poland's two largest refiners PKN Orlen and Grupa Lotos could restrict competition.

Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.

Big Oil's Exit Turns into Revival for Norway
Monday, August 27, 2018 The turnaround shows how the changing make-up of Norway's oil industry is putting assets in the hands of new companies willing to invest billions of dollars.

Iraqis Protest at Oilfields to Call for Jobs and Basic Services
Thursday, July 12, 2018 The unrest did not impact production at West Qurna 2 or the other two fields, West Qurna 1 and Rumaila, two oil officials said.

Oil CEOs Are Making Their Case Against Being Sued Over Climate
Thursday, July 05, 2018 Leaders of the world's largest oil companies want everyone to know it won't do anyone any good to make them pay for the damages of climate change.

Big Oil's Fate Hinges on Global Gas
Monday, June 25, 2018 Big Oil's fortunes are becoming tied more closely to natural gas than ever before.

Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector
Friday, June 15, 2018 After spending a decade and billions of dollars developing Australia's vast gas reserves, Chevron and Woodside are at odds over the pace and timing of the next leg of expansion.

BP: Coal Comeback Spurs New Carbon Emissions Growth
Wednesday, June 13, 2018 Global greenhouse gas emissions began rising again last year as the first pick-up in coal burning since 2013 overshadowed a record expansion in renewable energy, a BP report says.

Enbridge Takes Steps on Pipeline Policy After BP Complains
Monday, June 11, 2018 Canada's biggest pipeline operator said that it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made to allocating space on its Mainline system.

Enbridge Pipeline Reversal Earns BP's Ire, Suncor's Praise
Friday, June 08, 2018 Enbridge's decision to implement and then scrap new rules governing Canada's biggest export pipeline system sent crude prices on a record roller coaster move this week.

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.