The project is currently in its construction phase. which started in 2016.
Read More »BP’s Carbon-Neutral Pledge Puts Pressure on Exxon. Chevron
Exxon and Chevron both agree with the goals of the Paris Agreement.
Read More »BP Acquires Fiber Optics Developer Fotech
Fiber optic sensing solutions have proven themselves invaluable in protecting pipelines. perimeters and borders around the world.
Read More »BP Pledges to Reach net Zero by 2050
The energy giant has pledged to invest more in low carbon technologies and less in oil and gas after acknowledging the world’s carbon budget is finite and running out fast.
Read More »Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate
The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.
Read More »Russia Wants more Time to Mull Output Cuts
Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.
Read More »OPEC+ Panel may Agree on Need to Deepen Oil Output Cuts
Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »BP Pulls out of Iraq’s Kirkuk Oilfield as Studies Disappoint
BP provided technical assistance to Iraqi state-held North Oil Company to help it with the redevelopment of the Kirkuk field.
Read More »Maersk Drilling wins contract extension for low-emissions rig offshore Norway
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment. low-emission jack-up rig Maersk Integrator.
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