Reliance Industries Limited (RIL) and bp have announced the initiation of production from the MJ field, marking the completion of their final deepwater development in the KG D6 block, located off India’s east coast. This significant milestone follows the successful start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021, both […]
BP Products North America, a 100% indirect subsidiary of BP, has agreed to acquire TravelCenters of America (TA), a NASDAQ-listed full-service travel center operator, in an all-cash deal worth $1.3 billion. Shareholders of TravelCenters of America will be paid $86 per share by BP, which is a premium of 84% to the average trading price […]
Oil and gas giant BP has signed a deal worth $2.6 billion to divest a 20% participating stake in the producing Block 61 in Oman to Thailand-based PTT Exploration and Production Public Company (PTTEP). Upon closing of the deal, BP will continue as operator of the block with a 40% stake. The other partners in […]
BP and its partners Makarim Gas Development (OQ), Petronas have started production from the Ghazeer gas field in the phase 2 of the onshore Block 61 in Oman. Production from the Omani gas field was achieved 33 months after the approval of the development. The Ghazeer gas project was initially expected to be brought on […]
Oil and gas industry news : BP and its partners have commenced production from the £4.5 billion worth Clair Ridge project located in Scottish territorial waters to exploit an estimated seven billion barrels of hydrocarbons. Clair Ridge project enters into production Clair Ridge project is the second phase development of the Clair oilfield, located 75km […]