Search results for: BP

59697 results

A list of search results

  • 1 November 2018

    UK-based energy giant and LNG player BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a deal that will boost BP’s U.S. onshore oil and gas portfolio.

  • 18 October 2010

    BP announced today that it has reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for a total of $1.8 billion. TNK-BP, Russia’s third largest oil company, is owned equally by BP and the AAR Consortium (comprising Alfa Group, Access Industries and Renova). The agreement includes BP’s interests […]

  • 10 June 2016
    Business & Finance, Operations & Maintenance

    Det norske has entered into an agreement to merge with BP Norge through a share purchase transaction, to create a new offshore E&P company. The announcement comes just a few days after Det norske revealed subsea contract awards in excess of NOK 2.3 billion to Aker Solutions and Subsea 7 for its Alvheim field. The […]

  • 22 March 2013

    BP announced that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount […]

  • 3 October 2018
    Operations & Maintenance, Research & Development

    BP 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 planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments targeting technology and innovation improvements, including developments in digital twins, advanced seismic […]

  • 1 February 2016
    Business & Finance

    Oil and gas company BP today announced that Lamar McKay will be moving up the ladder to assume the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be succeeded as Upstream chief executive by Bernard Looney, currently chief operating officer, production, in […]

  • 31 January 2013

    BP today announced the appointment of Michael Townshend as Senior Vice President – Russia BP Group, reporting directly to Bob Dudley, BP Group Chief Executive. Townshend, who is currently BP Regional President, Iraq will take up his new position from 1 March 2013. He has 32 years’ experience in BP working across a wide range […]

  • 30 January 2013

    John Mingé has been appointed Chairman and President of BP America, Inc. and will serve as BP’s chief representative in the United States. He will succeed Lamar McKay, who has been appointed to head BP’s Upstream business. “John Mingé has done a superb job in Alaska, where he has led the way in enhancing safety […]

  • 21 March 2013

    Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; Rosneft becomes holder of BP’s 50 per cent interest in TNK-BP […]

  • 23 November 2012

    BP, Rosneft and Rosneftegaz — the state-owned parent company of Rosneft — have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment in Rosneft. BP and Rosneft agreed heads of terms for this transaction on October 22. The SPAs […]

  • 23 November 2012

    BP, Rosneft and Rosneftegaz , the state – owned parent company of Rosneft, have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment in Rosneft. BP and Rosneft agreed heads of terms for this transaction on October 22. The […]

  • 21 January 2020
    Business & Finance

    British oil major BP has named a new chief financial officer (CFO) following the decision by the current CFO to retire from the company and step down from the BP board on June 30, 2020.

  • 21 March 2018
    Business & Finance

    BP has appointed the first female chairman and president of BP America Inc., BP’s chief representative in the United States.

  • 3 October 2018
    Equipment

    BP has signed a ventures cooperation agreement with Aker BP for cooperation in the development and deployment of advanced technologies in their businesses.

  • 1 November 2016

    UK-based energy giant and LNG player, BP reported a 49 percent drop in its third-quarter profit due to lower oil and gas prices and refining margins. The company made $933 million on an underlying replacement cost basis, compared with $1.8 billion in the same quarter the year before. The Brent oil price averaged $46 a […]

  • 26 March 2019

    Oil and gas giant BP said it has set aside $100 million to fund projects that will reduce greenhouse gas (GHG) emissions in its Upstream oil and gas operations.

  • 12 February 2020
    Business & Finance

    Oil major BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.

  • 13 November 2012

    UK’s BP and Russian consortium AAR, joint shareholders in TNK-BP, today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them, including the current arbitrations brought by each against the other. The agreement includes an immediate waiver of the new opportunities provision in the TNK-BP shareholder agreement, allowing each party […]

  • 4 September 2008

    BP confirmed on Thursday that it has signed an agreement aimed at keeping its half stake in TNK-BP – Russia’s third-biggest oil company. The development apparently resolves a long-ranging battle for control with its local partners. BP said in a statement that an overhaul of the governance structure of TNK-BP was agreed in principle by […]

  • 23 October 2011
    Business & Finance

    The Bureau of Ocean Energy Management (BOEM) on Friday approved a supplemental Exploration Plan (EP) submitted by BP for deepwater oil and gas activities. BOEM conducted a site-specific Environmental Assessment (EA) of the activities described in the plan. This is the 44th plan that has been approved following the completion of a site-specific EA since […]

  • 4 February 2016
    Exploration & Production

    British oil company BP has extended a contract for the semi-submersible tender assist drilling rig SKD Jaya. The contract has been extended by BP’s subsidiary BP Trinidad & Tobago LLC with Malaysia’s SapuraKencana. Under the extension the SKD Jaya rig will be for used development drilling campaign offshore Trinidad and Tobago for an additional one well. The […]

  • 27 July 2018

    UK-based major BP has agreed to purchase BHP Billiton’s interest in the Eagle Ford, Haynesville, Permian and Fayetteville onshore US oil and gas assets for $10.8 billion.