BP’s Lower 48 business changes name to BPX Energy, marking new era of growth HOUSTON – 31 October 2018 – BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – […]
ExxonMobil to be first founding member with five-year commitment Company researchers to collaborate with university students and faculty Initial focus areas to include bioscience; carbon capture, utilization and storage; water use and recycling SINGAPORE – Oct 31, 2018 –(BUSINESS WIRE)–ExxonMobil said today that it will contribute US$10 million over five years (S$14 million) to become […]
Delayed coker unit to convert heavy, higher sulfur residual oil into marine gasoil and diesel Will help meet demand for cleaner fuel oil required by the International Maritime Organization Part of initiative to strengthen competitiveness of company’s advantaged facilities in Europe SPRING, Texas – Oct 31, 2018 —(BUSINESS WIRE)–ExxonMobil said today that it has started […]
New North Sea development targeting 20 million barrels of oil equivalent Part of BP’s programme to develop satellite fields through existing hubs £230 million capital investment, to produce 12,000 barrels of oil equivalent a day HOUSTON – 22 October 2018 – BP today confirmed it has received approval from the Oil and Gas Authority (OGA) […]
Latest development at BP’s largest Gulf platform adds 30,000 barrels per day production Fourth major project start-up for BP in 2018 Houston – 18 October 2018 – BP announced today that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent […]
London and San Francisco – 9 October 2018 – BP and RocketSpace, founders of the Mobility Tech Innovation Collaborative, are shaping the future movement of people, goods, and services in collaboration with global mobility and smart transportation industry leaders. Today, they are announcing the four start-ups from Israel, U.K. and U.S. selected to test and […]
Libya’s National Oil Corporation, BP and Eni today signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya HOUSTON – 8 October 2018 – A letter of intent (LOI) was signed in London by National Oil Corporation chairman Eng. Mustafa […]
Alliance will explore joint innovation and technology opportunities Pair will seek out potential venture capital investments HOUSTON – 3 October 2018 – BP today announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses. Through their […]
New North Sea development targeting 30 million barrels of oil equivalent Part of BP’s programme to develop satellite fields through existing hubs £200 million capital investment, expected to produce 20,000 barrels of oil equivalent a day HOUSTON – 27 September 2018 – BP announced today that approval has been received from the Oil and Gas […]
Production of ultra-low sulfur fuels to increase by about 45,000 barrels per day New unit relies on proprietary technology to remove sulfur while minimizing octane loss Additional chemical manufacturing construction, refining engineering underway SPRING, Texas – Sep 26, 2018–(BUSINESS WIRE)–ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, […]
