Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
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BP News
BP to review investment plans following windfall tax, Shell eyes relief
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Big Oil has reacted to the news that Chancellor Rishi Sunak has finally opted to plough ahead with a windfall tax on North Sea profits.
BP sends congratulations to the Queen as she marks Platinum Jubilee
Energy giant BP has sent congratulations to the Queen as she marks her Platinum Jubilee.
BP hires Shearwater for UK CCUS project
Shearwater Geoservices has landed a contract with BP for work for the East Coast CCUS cluster in the UK to scope out storage sites.
BP picks Petrofac for GTA offshore work
BP has chosen Petrofac to carry out work at the Greater Tortue Ahmeyim (GTA) LNG project as the service company scales up its African presence.
Fake BP and Shell billboards appear across Aberdeen ahead of oil conference
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.
Latest Energy Sector News
Oil worker trades the North Sea for the Seven Wonders of the World
Aker Solutions-DP World venture signs contract for Rosebank FPSO work
Ithaca books Stena Spey for summer 2023
TotalEnergies charts $3.1bn Adani exposure
Energy bosses urged to end ‘adversarial’ relationship with North Sea supply chain in ‘crisis’
‘Stability through thick and thin’ key to future investments, says Shell CEO
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Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Norway’s wealth fund cuts big oil holdings in profit taking move
Norway’s $1.3 trillion sovereign wealth fund took profit on the world’s biggest oil and gas companies after a run up in energy prices in 2022.
‘Historically low valuations’ could open up BP to an M&A bid, says investor
“Historically low valuations of UK companies”, including oil giant BP (LON: BP), could make them “potentially-attractive takeover targets”, asset manager M&G has claimed.
Question mark over Beach’s LNG deal with BP as wells disappoint
Australia’s Beach Energy (ASX:BPT) has significantly cut estimated gas reserves at its LNG export project near Perth, Western Australia, by 11% following the Waitsia Stage 2 drilling campaign. BP (LON:BP) has an agreement to offtake the liquefied natural gas (LNG) volumes, which could be in doubt if the geology does not stack up as expected.
BP to bring online five ‘resilient hydrocarbon’ projects in 2023
BP (LON: BP) has said it is on course to deliver five “resilient hydrocarbon” projects this year, as it prepares to report its results for 2022.
BP accounts for three ‘scenarios’ in 2023 Energy Outlook
BP has published its Energy Outlook for 2023, predicting three potential scenarios in the global energy markets following a turbulent 12 months.
BP tipped to reach next Senegal FID this year
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
Big Oil faces headwinds after record $199 billion profit haul
Exxon Mobil, Chevron, Shell, TotalEnergies and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.
Royal Opera House drops BP as sponsor after 33 years
The Royal Opera House has ended its sponsorship relationship with BP (LON: BP) after 33 years, becoming the latest institution to cut ties with the oil giant.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Delay rumbles on for BP Aberdeen office move
As Shell gets set to move into its new office in Aberdeen, delays are afoot for a similar move for Big Oil rival BP (LON: BP).
BP-Orsted project overlap ‘not feasible’, developers say
A dispute between BP and Orsted over an area of seabed earmarked for both carbon storage and offshore wind is set to come to a head this year as both approach key milestones.
Esgian forecasting ‘offshore wind mega-mergers’ as Big Oil splashes cash
Oil and gas companies are expected to make their “deep pockets” count this year by buying up offshore wind companies.
FPSO sailaway for BP’s GTA LNG project
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
Do Westminster and Holyrood appreciate Aberdeen’s skills gold mine?
News this month that Cromarty and the Firth of Forth have been chosen to become Scotland’s green freeports was unquestionably a bitter pill to swallow for the energy sector in North-east Scotland.
Petrofac workers on BP assets resume strikes after talks break down
Petrofac (LON: PFC) employees on a host of BP (LON: BP) North Sea assets downed tools this morning after negotiations stalled.
10 years on from the In Amenas attack
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
Only six big-spend projects for UK North Sea in coming years
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Ex-BP CEO calls for end to the ‘demonisation’ of oil and gas industry
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”.
From gymnastics to the North Sea: OPITO apprentice of the year
OPITO has named ex-gymnastics coach, Colin Ross, its apprentice of the year following his work in the North Sea with BP (Lon: BP).
BP doubles oil output at GoM’s Thunder Horse
BP (LON:BP) has confirmed a doubling of output at its flagship Thunder Horse platform in the US Gulf of Mexico, as it looks to ramp up production in the basin by mid-decade.
UAE signs up to UK energy plans, Masdar eyes Amsterdam
The MoU today demonstrates that “not only are we are strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process”.
$16bn of oil and gas investment expected in Asia-Pacific in 2023
There's a $16bn project pipeline predicted for 2023 in Asia-Pac, but nearly a third are at high-risk of delay.
Equinor and RWE bosses take up senior posts at BP
London-listed supermajor BP (LON: BP) has kicked off 2023 with the announcement of two new senior appointments.
Three60 wins global wells work with BP
Energy services group Three60 Energy has signed a deal with BP to provide well engineering services across the supermajor’s global operations.
