Search results for: BP

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  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]