BP enrolls Asset Guardian for Clair
Scottish software firm Asset Guardian Solutions (AGSL) has won a contract with BP to support the British major's Clair Ridge project in the North Sea.
BP-News
BP dodges $256billion whistle-blower case
BP won’t face a $256billion lawsuit brought by a whistle-blower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe.
BP uses innovative tactic to tackle obesity
o fight rising medical costs, oil company BP Plc last year offered Cory Slagle -- a 260-pound former football lineman -- an unusual way to trim $1,200 from his annual insurance bill. One option was to wear a fitness-tracking bracelet from Fitbit Inc. to earn points toward cheaper health insurance. With the gadget, the 51-year-old walked more than 1 million steps over several months, wirelessly logging the activity on the device. Twelve months later, Slagle has added to his new exercise regimen by trading burgers for salads and soda for water, dropping 70 pounds (31.8 kilograms) and 10 pant sizes in the process.
BP’s offshore project gets the green light
BP Trinidad and Tobago confirmed it received the go ahead for its Juniper offshore gas project. The project, which has been conducting Front End Engineering and Design (FEED) activities since 2012, will be a company first.
BP appoints Bank of England director to finance role
BP has appointed the executive director for stability strategy and risk at the Bank of England as its new group chief economist.
Are conditions ripe for a merger of BP and Shell?
Falling fortunes at BP and Shell could force the two oil and gas giants into a “mega-merger” within a couple of years, some City analysts believe.
BP’s Iain Conn to take the reins at Centrica
British Gas owner Centrica has hired BP director Iain Conn on a £925,000 salary for one of the most politically sensitive jobs in UK industry. Mr Conn, who has been boss of BP’s downstream refining and marketing division, will succeed Sam Laidlaw as chief executive at a time of anger over energy prices and the launch of a full-scale competition probe into the sector. The new boss is being paid slightly less than Mr Laidlaw’s £950,000 but has been awarded shares equivalent to a year’s salary, dependent on performance in his first year in charge. A second incentive scheme worth two times salary is due to be released in 2018. Mr Laidlaw, who is due to stand down at the end of the year, has been in charge of Centrica since 2006. The company said in that time he has invested £1.70 for every £1 of profit earned, while revenues have increased from £13 billion in 2005 to £27 billion last year. Mr Conn has been responsible for running BP’s customer-facing activities in the fuels, lubricants and petrochemicals sectors. This includes 18,000 service stations in 70 countries, serving around 12 million customers every day. He has been a board member of BP since 2004 and has previously held a number of senior roles in trading, exploration and production, and management of corporate functions such as safety and human resources. Centrica chairman Rick Haythornthwaite paid tribute to Mr Laidlaw for “exceptional leadership” over the past eight years. He added: “Under his stewardship Centrica has achieved strength and scale which is of great benefit to the UK as we secure the future energy needs of our customers in an increasingly international gas market.” Mr Haythornthwaite said Mr Conn brought an impressive combination of experience: “He heads a global consumer brand familiar to millions of people and he also possesses a deep understanding of the energy sector built up over a lifetime in the industry. “His breadth of knowledge and commitment to customers and safety make him ideally suited to lead Centrica in the next phase of its development.” Centrica said it was planning for shareholders to vote on a simpler incentive scheme for its executive directors at next year’s AGM, including a lower maximum potential payout than in the current policy. Other recent changes at the top of Centrica have seen finance director Nick Luff and British Gas boss Chris Weston both announcing their departures.
BP profits up as production increases
British oil giant BP has reported a 34% rise in year-on-year profits for its second quarter of the year. The financial spike was driven by increased production and higher oil and gas sales prices.
BP warns of Russia sanctions impact
Oil giant BP has warned that further international sanctions on Russia could have a “material adverse impact” on the company.
Britons executed at BP gas plant, inquest told
Six Britons were executed at a BP gas plant in Algeria by Islamic terrorists who were allowed to travel across the Sahara 'unhindered and unnoticed', an inquest heard.
BP awards SVT contract to Cofely
Cofely, a GDF SUEZ company, has been awarded a contract by BP to supply utilities to the Sullom Voe Terminal (SVT) on the Shetland Islands - one of the largest oil and liquefied gas terminals in Europe.
Arcadion scoops BP Clair cabin upgrade job
Offshore accommodation firm Arcadion has won a contract award from BP for the upgrade of cabins on the BP Clair platform.
BP takes delivery of new ships for west of Shetland work
Oil giant BP has hailed a huge investment in two new platform support vessels (PSVs) for its west of Shetland operations as a long-term commitment to the UK North Sea.
New twist in BP’s row over Gulf spill claims
BP has asked a US judge to order a “vast number” of businesses to repay hundreds of millions of pounds it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.
Rosneft signs $1.5million export deal with BP
Rosneft has signed a series of agreements with BP over long-term deliveries of oil products and oil on a pre-paid basis.
BP agrees 20-year China LNG deal
British petroleum giant BP has signed a heads of agreement with China National Offshore Oil Corporation (CNOOC) for the supply liquefied natural gas (LNG) over a 20-year period.
Serica buys 18% BP’s Erskine share for $11.1million
Atlantic-focused explorer Serica Energy has bought 18% interest in BP’s Erskine field.
BP’s annual report echoes broader global themes
A rejuvenated US market countered stifled production in conflict-ridden Libya, according to BP’s latest Statistical Review of World Energy. The review, first launched in in 1951, examined how energy has echoed broader global themes. The US recorded a massive increase of 1.1 million barrels a day, according to the research.
Convicted BP engineer granted new trial after compromised juror uncovered
A former BP engineer convicted of obstructing justice during the fallout of the 2010 Gulf of Mexico spill has been granted a new trial.
£500million BP plant gets green light from Shetland
Plans for a huge £500million gas “sweetening” plant as part of energy giant BP’s renewal of the Sullom Voe Oil terminal in Shetland have been approved by councillors.
AGR signs consultancy deal with BP
Norwegian energy group AGR has added to its consultancy work portfolio with a new BP deal.
BP, Anadarko may face billions in fines after oil spill ruling
BP Plc and Anadarko Petroleum Corp. could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the 2010 Gulf of Mexico oil spill.
Tullow poaches BP’s ex-vice president
Irish explorer Tullow Oil has appointed BP’s former executive vice president of exploration as its non-executive director.
BP and Amec leaders head-up Oil & Gas UK board
Oil & Gas UK today confirmed two senior appointments to its board.
Aker secures major deal for BP’s Norway operations
Aker Solutions has secured a £180million deal with BP for its offshore operations in Norway.