BP CEO promises staff jobs are safe for at least three months
BP has promised its employees their jobs are safe over the next three months, while the oil major considers ways to cut costs with crude prices plunging.
BP
‘Virtual’ remembrance service to be held for anniversary of 2009 Super Puma crash
A “virtual” remembrance service will be held tomorrow to mark 11 years since a fatal helicopter crash near Peterhead.
Virus looks set to delay BP’s Tangguh LNG expansion
BP will be bracing for a delay in the start-up of its third liquefied natural gas (LNG) train at the Tangguh LNG project in West Papua province, Indonesia, due to the Covid-19 pandemic.
North Sea operators move to reduce cabin sharing ‘wherever possible’
A series of North Sea operators are working to remove cabin sharing offshore “wherever possible” in order to prevent the spread of the coronavirus.
BP inks new deal with Teekay for Foinaven FPSO
BP has inked a new contract lasting up to 10 years for the vessel which serves its Foinaven field, west of Shetland.
BP to work with shareholder activist group on climate resolution
Oil and gas giant BP is set to work with a shareholder activist group towards a climate resolution, it announced today.
BP reassessing 2020 AGM as venue being converted into coronavirus hospital
BP is reassessing the “chosen venue” for its 2020 Annual General Meeting as the planned site is being converted into a coronavirus field hospital.
Power restored at BP’s ETAP installation weeks after fire and downmanning
Power has been restored to BP’s ETAP installation, weeks after a fire forced it to be downmanned.
Sector in survival mode could put energy transition ‘on back burner’, Woodmac warns
An oil and gas industry in “survival mode” could put plans to transition to a cleaner energy sector “on the back burner”, according to a top analyst.
MP Pension Fund too ‘heavily invested’ in North Sea oil and gas firms, campaign group claims
A multi-million pound MP pension fund is still too “heavily invested” in the oil and gas sector despite a significant reduction in financial backing, according to a cross-party campaign group.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Pictures: Bristow brings three ‘corona copters’ into service for North Sea rigs
Bristow Helicopters has used modified three former search and rescue (SAR) helicopters to bring North Sea workers suspected to have coronavirus to shore.
North Sea ‘chaos’ as more suspected Covid-19 cases spring up
A trade union official has said the North Sea is firmly in the grip of coronavirus “fear” and lamented a perceived lack of leadership.
Worker quarantined on Shell’s Brent Charlie while BP flies a suspected coronavirus case to shore
A worker who has shown symptoms of the coronavirus has been placed into quarantine on Shell’s Brent Charlie platform in the North Sea.
Apache ‘reducing activities’ on North Sea assets to prevent coronavirus spread
Apache is the latest in a growing list operators to confirm it is taking measures to prevent the spread of the coronavirus in the North Sea.
BP’s Angolan numbers slide
BP’s Angolan production continued to decline in 2019, extending the trend of the last few years.
Flights resumed to Total’s Culzean field after suspected coronavirus patient taken to shore
Flights have been resumed to one of the UK’s largest gas fields after a worker suspected to have coronavirus was taken to shore.
BP reviewing North Sea crew numbers in response to coronavirus outbreak
Energy giant BP has joined a list of operators working to reduce offshore crew numbers on its North Sea assets in response to the coronavirus outbreak.
Big Oil’s big crisis: Saving sacred dividends from collapse
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
Kosmos to lean on BP at Tortue LNG
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
BP can cut spending by a fifth, CFO says
BP Plc said it can slash its spending by as much as 20% this year as the oil market goes into freefall, with some U.S. operations likely to get less investment.
Helicopter flights to BP platforms will no longer stop in Shetland
Helicopter flights to BP’s offshore platforms west of Shetland are to bypass the islands in an effort to avoid spreading coronavirus.
Oil price war may trap private-equity firms in North Sea
The last time crude prices crashed in 2014, the North Sea looked like a treasure trove for private equity looking to buy cheap assets, build them up and sell for a profit. Now, just as these firms are seeking an exit, the oil-price war might leave them trapped
Trio of UK oil and gas firms insist they can ride out market storm
A trio of London-listed oil and gas firms today insisted they could overcome volatile market conditions at the end of a bruising week.
BP’s ETAP platform into third week without full power
Work is still ongoing to restore full power to BP’s ETAP platform in the North Sea, three weeks after a small fire caused the installation to be down-manned.