BP and Oman sign extended licensing agreements paving the way for second phase of Khazzan gas field project

by Timothy Reeder | Nov 8, 2016 | News

Sultanate of Oman – BP and Oman Oil Company Exploration & Production today signed an agreement with the Government of the Sultanate of Oman amending the Oman Block 61 exploration and production sharing agreement (EPSA) to extend the license area, paving the...

Chevron Announces First Gas at U.K. Alder Field

by Timothy Reeder | Nov 7, 2016 | News

Chevron North Sea Limited today announced it has started production at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea. “First gas at Alder represents a significant milestone for Chevron and highlights our commitment...

Statoil awarding contracts on Trestakk

by Timothy Reeder | Nov 4, 2016 | News

Statoil is today, on behalf of the Trestakk license holders, awarding an EPCI contract to FMC Technologies and Technip Norge, and a topside contract to Aker Solutions, for deliveries to the Trestakk development. FMC Technologies and Technip will jointly deliver an...

BP third quarter 2016 results

by Timothy Reeder | Nov 4, 2016 | News

BP today reported a profit for the third quarter of 2016 of $933 million on an underlying replacement cost basis. This compares to $720 million profit for the previous quarter and $1.8 billion for the third quarter of 2015. The quarter’s result was affected by a...

Air BP achieves carbon neutral status across 250 airport operations

by Timothy Reeder | Nov 4, 2016 | News

Air BP has become the first aviation fuel supplier to achieve carbon neutrality for its into-plane fuelling services across an international network of over 250 Air BP operated facilities. The achievement follows a two-year journey, and was assured by the independent...