Tag: BP
BP plans Central North Sea gas project
BP has announced the successful start-up of the Devenick gas project in the central North Sea, a subsea tie-back to Marathon Oil’s East Brae platform, which provides an important new source of domestic gas for the UK.
BP selling Jonah gas operations in Wyoming
BP has agreed to sell its interests in the Jonah and Pinedale upstream operations in Wyoming to LINN Energy, LLC. BP gains Angola acreage for deepwater exploration
BP has gained access to an additional five production and deepwater exploration blocks offshore Angola, giving the company a leading position in the country with interests in 32,650 square kilometers over nine blocks. 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.