Tag: BP
TNK-BP invests USD 10 billion
TNK-BP, the Russian joint venture of BP, is set to invest USD 10 billion in its Arctic oil fields, enabling export of its huge reserves in the region to Chinese markets by 2016. Reliance and BP join forces
According to MarketWatch, U.K.-based BP PLC is spending USD $7.2 billion to buy a 30% stake in oil and gas blocks controlled by Reliance Industries in India.
BP Venezuelan interests
BP is selling its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for USD 1.8 billion in a cash only deal.
World’s deepest oil and gas well
Transocean Ltd has announced that its ultra-deepwater semi-submersible rig Deepwater Horizon has drilled the deepest oil and gas well ever while working for BP and its co-owners on the Tiber well in the US Gulf of Mexico.
Caspian Acreage exploration
BP and SOCAR (the State Oil Co. of the Republic of Azerbaijan) have signed a memorandum of understanding (MOU) to jointly explore and develop the Shafag and Asiman structures in the Azerbaijan sector of the Caspian Sea.
BP wins Iraq oilfield contract
Due to a rival bidder dropping out of a televised auction in a disagreement with the country's oil ministry over fees a BP-led consortium has won the rights to develop Iraq's biggest-producing oilfield.
Angola: 18 field subsea contract
BP has announced that it has awarded FMC Technologies a USD 140 contract for the manufacture and supply of subsea equipment for the BP and Sonangol Sinopec International block 18 field development offshore Angola.
Coker contract for BP whiting refinery in USA
Foster Wheeler Ltd has announced that its subsidiary Foster Wheeler USA Corp., part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000bpsd six-drum delayed coking unit and gas plant facilities at BP’s Whiting refinery in Indiana, USA.
BP and D1 Oils form joint venture
BP and D1 Oils Plc are forming a joint venture called to accelerate the planting of Jatropha curcas – a drought-resistant, inedible oilseed-bearing tree.
UAE: sour gas project
BP and Royal Dutch Shell have submitted bids for a sour gas project in the UAE that could have a price tag as high as USD 10 billion.
