Tag: BP

ADNOC LNG said recently that it has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 2022.

INEOS Phenol has recently announced that it is to build a world scale, state of the art cumene unit in Marl Germany, to be completed in 2021.

BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea The expansion is expected to add 100,000 tonnes a year (tpa) of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200,000 tpa vinyl acetate monomer (VAM) capacity with the addition of a second VAM plant by the end of 2020.

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, announced the first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.

BP recently announced that it 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.

BP recently announced that it has received the approval from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which will target 30 million barrels of oil equivalent, expected to produce 20,000 barrels gross of oil equivalent a day at peak.

BP has announced the appointment of Helge Lund and Pamela Daley as new non-executive directors. Helge Lund will join the board as a non-executive director by first week of September, becoming chairman on 1 January 2019 when Carl-Henric Svanberg steps down.

BP recently announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska.

BP and Subsea 7 were presented with the Collaboration Award during SPE Offshore Achievement Awards at the Aberdeen Exhibition and Conference Centre on March 22, 2018.

BP confirmed that Susan Dio has been appointed chairman and president of BP America Inc., BP’s chief representative in the United States, from 1 May 2018.