Tag: BP PLC
Major investment in North Sea
An average capital expenditure (capex) of USD 19.5B per year is forecast to be spent on 568 oil and gas fields in North Sea between 2018 and 2020, according to GlobalData, a leading data and analytics company.
World’s first coal bed gas for LNG
BP Plc and Italy-based Eni SpA plan to produce the world’s first coal bed methane for liquefaction as global demand expands.
North America: Denali gas line
BP PLC and ConocoPhillips will join resources to build a 4bcfd natural gas pipeline extending from Alaska's North Slope to markets in Canada and the US.
BP shuts down offshore oil field
BP PLC has shut down an offshore oil field in the Arctic Ocean after a small leak was detected in a gas line.
BP bypass plan
The Regulatory Commission of Alaska has granted temporary permits for BP PLC to connect the east side of Prudhoe Bay field to the nearby Endicott pipeline, enabling the restart of 105,000b/d of oil production. About half of the normal 400,000b/d of oil production from Prudhoe Bay has been shut down since August because of corrosion problems in an oil transit line.
Caspian: Keppel wins oil rig job
Keppel Corp subsidiaries have jointly won a USD 20 million contract for the completion of an oil rig for BP plc in the Caspian Sea.
In Amenas gas project
BP PLC (BP) and Algeria's state-run oil and natural gas concern Sonatrach will begin
development of the huge In Amenas gas fields in SE Algeria in early 2003.
BP to invest half a billion in China
Global oil giant BP PLC will invest USD 500 million in China this year and expects that pace to continue for the next few years as a number of big projects come on line.