Browsing Tag
BP p.l.c.
24 posts
BP to take full control of 3.5 Tcf Calypso gas project as Trinidad supply crunch deepens
BP is acquiring Woodside Energy’s 70% interest in the Calypso deepwater gas project, giving it complete control of a resource that could materially strengthen Trinidad and Tobago’s gas supply. Full ownership simplifies development decisions, but BP must still establish commercial terms, select a bankable development concept and justify the cost of producing gas from water depths of approximately 2,100 metres.
BP p.l.c. profit more than doubles to $5.73bn, but shares fall as oil rally masks execution test
BP p.l.c. delivered its strongest quarterly underlying profit since 2022 as higher oil prices, trading and refining boosted earnings. Investors are now testing whether the improvement can survive weaker commodity markets.
Greater PAJ Project: Angola’s $5bn cross-block offshore oil development moves into execution in 2026
The Greater PAJ Project offshore Angola has reached final investment decision, with Azule Energy and its partners advancing a five-field deepwater development that will use a new 95,000 barrels-per-day FPSO to bring first oil in the first half of 2029.
BP’s 700 job cuts expose how aggressively Meg O’Neill is dismantling the old organisation
BP is preparing to cut about 8% of its non-frontline production and operations roles as a new two-division structure, asset sales and debt reduction reshape the British energy major.
TPAO joins BP-led Kirkuk redevelopment as Iraq brings Turkish and US capital into giant oil project
Türkiye Petrolleri Anonim Ortaklığı will take a 15% interest in BP’s Kirkuk project company, creating a BP, ConocoPhillips and Turkish Petroleum partnership around one of Iraq’s largest redevelopment opportunities.
Why BP is selling its Austrian forecourts to the same Swiss buyer that took its Zurich network
BP p.l.c. agrees Austrian retail and EV charging sale to volenergy AG, adding another building block to the $20 billion divestment plan ahead of 4 August results.
ConocoPhillips joins bp to advance Kirkuk oil redevelopment partnership in Iraq
ConocoPhillips plans a 42% entry into bp’s Kirkuk venture, adding long-life Iraqi resources while sharing capital, contract and geopolitical exposure.
Equinor agrees to acquire BP’s Bay du Nord stake ahead of 2027 investment decision
Discover why Equinor is acquiring BP’s Bay du Nord stake and what the C$14 billion offshore project means for EQNR, BP and Canadian oil. Read more now.
BP takes 10% Bab Gas Cap stake as Abu Dhabi targets 1.5 bcfd gas production
Discover how BP’s 10% Bab Gas Cap stake supports 1.5 bcfd of UAE gas, Ruwais LNG growth, BP’s upstream reset and investor outlook. Read the full analysis.
Ithaca Energy slides despite strong Q1 as ITH loses Middle East oil-risk premium
Find out how Ithaca Energy’s share price fall, oil price reversal and dividend outlook are reshaping ITH stock and North Sea sentiment.