Tag Archives: British Petroleum Co. (BP)

The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.

Adnoc plans to merge ADMA-OPCO with the Zakum Development Co.. or Zadco. of which it also owns 60 percent. by the end of the year.

The North Sea’s problem has always been high production costs.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago.

The two companies will be represented by four board directors each. sharing nomination rights for senior executives.

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

BP stated that the crane is capable of placing 750t subsea structures as far as 600m below sea level.

BP is a global energy company with wide reach across the world’s energy system.