BP


All posts for BP

Oil price, Hurricane, Savannah, Europa, Amerisur, Kosmos/BP, And finally…

Oil price That was the week that was, even after the rally on Friday, both WTI and Brent were down the best part of three bucks on the week. As I said before, it was a momentum thing and the data showed that money managers did indeed follow the bear and took money off the table. Some people find i ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > Malcy's BlogHurricane EnergySavannah Petroleum +4

BP announces major gas find offshore Senegal

Yakaar-1 exploration well result confirms potential scale of the petroleum system offshore Mauritania and Senegal LONDON - BP along with joint venture partner Kosmos Energy announced today a major gas discovery offshore Senegal. The Yakaar-1 exploration well was drilled to a total depth of appro ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPKosmos EnergySenegal +1

Oil price, FAR Limited, IGas Energy, Sundry-BP-Falcon O&G- And finally…

Oil price Yesterdays close was off the worst of the day but nothing to write home about, the market is getting into a tizzy about product prices a full month before the driving season as demand hasn't picked up yet.  Others feared for output from Libya where the Sharara and the El Feel fields appe ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > Malcy's BlogFARIGas +2

BP agrees sale of interest in SECCO to Sinopec

BP today announced that it has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company Limited (SECCO) to Gaoqiao Petrochemical Co Ltd, a 100% subsidiary of China Petroleum & Chemical Corporation (Sinopec), BP's joint venture partner, for a total consideration of $1.68 billion.  “ ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPSinopec

BP to sell Forties Pipeline System to INEOS

BP today announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS. Subject to partner, regulatory and other third party approvals, operatorship ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPIneosForties Pipeline +1

BP makes third gas discovery in North Damietta Concession, East Nile Delta, Egypt

BP announced today another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pr ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPEgyptDiscovery

Evolution of the major oil company logos

BP In May 1908 a group of British geologists discovered a large amount of oil at Masjid-i-Suleiman in Mohammerah, today the Iranian province of Khuzestan. It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with the Emir of Mohammerah, Sheikh ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > BPTexacoChevron +2

BP Awards Schlumberger Contract for Mad Dog 2 Project

EPCI contract includes supply of subsea production system HOUSTON, March 21, 2017—OneSubsea, a Schlumberger company, today announced the award by BP of an engineering, procurement and construction (EPC) contract to supply the subsea production system for the Mad Dog 2 development in the Gulf of Me ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPSchlumbergerMad Dog Phase 2 +1

Oil price, Tullow, IGas, Range Resources, Sundry-BP/Ineos- And finally…

Oil price All quiet on the oil price front although the IEA report was marginally positive suggesting that Opec were at 98% 0f quotas and although they cut their world oil demand growth for this year a touch. The main supporter of the Opec output fall is the KSA who are leading by example having r ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceMalcy's BlogIGas +3

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20

Sparrows Group Retains BP North Sea Contract

Sparrows Group has successfully retained its current North Sea Mechanical Handling and Crane Management contract with BP, which will extend the working partnership between the two companies to over 50 years. The contract sees the lifting and mechanical handling specialist operating and maintaining ...

Jamie MacDonald


Posted 1 year agoPress > SparrowsBPContract +1

The Oil War Is Only Just Getting Started

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each ...

Oilprice Staff


Posted 1 year agoOpinion > oil priceoil warBP

BP Energy Outlook: an energy transition is underway

    Global energy demand to increase by around 30% to 2035, driven by increasing prosperity in developing countries, partially offset by rapid gains in energy efficiency Technological improvements and environmental concerns are changing the mix of primary energy demand but oil and gas, tog ...

OilVoice Press - OilVoice


Posted 1 year agoPress > BPEnergy Outlook

EnQuest acquires from BP an initial 25% interest in the Magnus oil field

ACQUISITION OF 25% OF MAGNUS OIL FIELD ENQUEST TO TAKE OVER OPERATORSHIP OF MAGNUS, SULLOM VOE TERMINAL AND ASSOCIATED INFRASTRUCTURE WITH NO CASH OUTLAY  EnQuest PLC (together with its subsidiaries, "EnQuest"), is pleased to announce an agreement to acquire from BP an initial 25% interest in t ...

OilVoice Press - OilVoice


Posted 1 year agoPress > EnQuestBPMagnus oil field