TechnipFMC (NYSE: FTI), a global leader in oil and gas projects, has been awarded a significant contract, valued between $75 million and $250 million, by bp (LON: BP) for the Argos Southwest Extension project in the Mad Dog field. This major contract highlights the growing investment and technological advancements in deepwater oil exploration in the […]
In a significant move in the oil and gas industry, Wood has been awarded a major contract to support bp’s new subsea tieback in the UK North Sea. This deal focuses on delivering topside modifications to the central processing facility of bp’s Eastern Trough Area Project (ETAP) production hub. The contract, spanning two years, is […]
Danos, a recognized leader in energy services, recently announced the renewal of its contract with bp, a global integrated energy company. This agreement extends Danos’ responsibility for providing comprehensive drilling logistical services for bp’s Gulf of Mexico assets. The contract highlights the continuation of a fruitful partnership that began in 2017. Under the renewed contract, […]
In a significant development in the energy and technology sectors, L&T Technology Services Limited (LTTS), renowned for its expertise in digital engineering and R&D services, has announced a landmark multi-year engineering services partnership with one of the world’s largest diversified energy companies, bp, plc. This collaboration not only strengthens LTTS’s position in the industry but […]
In a significant development in the renewable energy sector, bp has agreed to acquire the 50.03% interest in Lightsource bp that it does not already own. This move positions bp to fully harness the capabilities of one of the world’s leading developers and operators of utility-scale solar and battery storage assets. The Strategic Importance of […]
BP, a leading energy company, has announced a significant expansion in its digital transformation efforts by integrating Copilot for Microsoft 365, a move set to revolutionize its global employee experience. As an early launch partner for the ‘intelligent AI assistant,’ BP is positioned to roll out this innovative technology across a substantial portion of its […]
BP has successfully initiated production at the Seagull oil and gas field, which is expected to contribute significantly to the UK’s energy resources. Located in the North Sea, this development marks a pivotal advancement in the industry, supporting local supply chains and sustaining employment opportunities. The Seagull project is anticipated to yield around 50,000 barrels […]
BP, representing the Tangguh production sharing contract partners, has announced the successful and safe loading and shipping of the first cargo produced by the new third liquefaction train at the Tangguh LNG facility, located in Papua Barat, Indonesia. This shipment is earmarked for Indonesia’s state-owned power generator, PT PLN (Persero), marking a new phase of […]
Valaris Limited (NYSE: VAL), a leading provider of offshore drilling services, has revealed new contracts and contract extensions with an associated contract backlog valued at approximately $65 million. This announcement comes after the company’s most recent fleet status report issued on August 1, 2023. Notably, this contract backlog figure excludes any lump sum payments like […]
BP has inked its third long-term liquefied natural gas (LNG) offtake contract with the Woodfibre LNG facility based in British Columbia, Canada. The deal secures 0.45 million tonnes of LNG per year (mtpa) for a 15-year term, now committing all of Woodfibre’s LNG production to BP. The agreement brings BP’s total firm offtake from the […]