Tag: BP
Refiners shun new Canada Heavy Sweet crude blend offer from Enbridge line
Canada Heavy Sweet crude a blend of light sweet, heavy and possibly synthetic crudes By Nia Williams CALGARY, Alberta, Jan 10 (Reuters) – Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? […]
Iran certifies 29 international companies to bid for oil, gas projects
BP not on list – company concerned about possible US-Iran tensions after Trump takes office By Tom Arnold DUBAI, Jan 2 (Reuters) – Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil […]
BP Azerbaijan deal for giant oilfields extended until 2050
BP Azerbaijan deal was to expire in 2024 Dec 23 (Reuters) – Oil major BP has agreed with Azerbaijan to extend a contract to develop the country’s biggest fields by a quarter of a century to 2050 in a move to unlock billions of dollars of fresh investments in the Caspian Sea deposits. The existing […]
BP’s Lower 48 unit to establish headquarters in Denver
Lower 48 operations in Colorado, New Mexico, Oklahoma, Texas, Wyoming Dec 14 (Reuters) – BP Plc’s U.S. Lower 48 onshore business said it would establish its headquarters in Denver, Colorado, as it moves closer to its operating assets in the Rocky Mountains. The unit, whose onshore operations span five states – Colorado, New Mexico, Oklahoma, […]
Slack management exposed BP refining operations to high safety risk
BP refining operations trails rivals in safety risk mitigation By Ron Bousso LONDON, Dec 13 (Reuters) – BP’s refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015. The […]
BP’s Mad Dog Phase 2 leads the oil pack’s return to the Gulf of Mexico
Mad Dog Phase 2 first new Gulf platform sanctioned in 18 months By Jessica Resnick-Ault NEW YORK, Dec 5 (Reuters) – BP Plc’s decision to move ahead with a $9 billion Mad Dog Phase 2 project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore […]
$9 billion BP Mad Dog 2 project in Gulf, a first since spill
BP Mad Dog 2 project will start producing up to 140,000 b/d by late 2021 By Jessica Resnick-Ault LONDON, Dec 1 (Reuters) – Oil major BP has approved a $9-billion investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo […]
BP inks deal for General Electric oilfield data service
General Electric software could save over $200 million annually Nov 15 (Reuters) – BP PLC said on Tuesday it will use a new digital solution by General Electric Co designed to improve the efficiency and safety of its offshore oil platforms by predicting equipment breakdowns before they occur. BP, one of the largest oil producers in […]
Marathon suit attempts to renegotiate Texas City refinery purchase terms
Marathon says problems at Texas City refinery breached sale agreement Oct 11 (Reuters) – BP Plc on Tuesday said it would vigorously defend itself against a federal civil suit by Marathon Petroleum Corp alleging that it had failed to deliver the Texas City refinery and three products terminals in the condition promised under a $2.4-billion sales agreement […]
Oil from BP North Sea spill to disperse naturally: Company
BP North Sea spill west of Shetland Islands LONDON, Oct 3 (Reuters) – A technical problem at BP’s Clair platform in the North Sea resulted in a spill of 95 tonnes of oil that was allowed to disperse naturally into the sea, the British oil major said on Monday. Production at the platform, located 75 km […]
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