Operator · Canada Oil Sands, Granite Wash & Russia
BP Plc
80 articles mentioning BP Plc · Page 1 of 4
Petrobras Makes Oily Discovery at Campos Basin Wildcat Well
Petrobras reported that it has discovered a new oil accumulation in the pre-salt in the southern portion of the Campos Basin in a wildcat well in the Alto de Cabo Frio Central block. The well 1-BRSA-1383A-RJS...
Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who have asset connections with Russia are reportedly mulling...
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer Bernard Looney is resigning from the board of...
BP, Talos, Chevron Tout Discovery at GOM Puma West Well
Talos Energy Inc., along with affiliates of bp plc and Chevron, today announced successful drilling results from the Puma West exploration project located in the U.S. Gulf of Mexico Green Canyon Block 821. The Puma West...
BP Sees Huge $16.8B Q2 Loss; Will Shift from IOC to IEC, Hit Net Zero by 2050
BP plc reported its Q2 2020 results. The company reported a loss of $16.8 billion, approximately 65% of which can be attributed to impairment charges of $9.2 billion and write-offs amounting to $1.7 billion (which BP...
Hilcorp Finalizes $5.6B Deal for BP's Alaskan Portfolio
Hilcorp Energy Co. has finalized its $5.6 billion purchase of BP plc's Alaskan assets, according to multiple reports. The parties renegotiated the deal in late April 2020 due to the drop in commodity prices related to...
BP Expects ~$15 Billion in Impairment Charges for 2Q 2020
BP plc has announced asset write downs / impairment charges as a result of the COVID-19 pandemic and oil price uncertainty. The company expects non-cash impairment charges and write-offs in Q2 of approximately $13 billion to...
BP Cuts Jobs by the Thousands Despite 'No Layoffs' Pledge
BP plc has announced plans to cut ~10,000 jobs and freeze pay for top executives as it moves to preserve its financials amid the COVID-19 pandemic. This is in direct contrast with what CEO Bernard Looney...
BP / BPX Energy First Quarter 2020 Results
BP plc / BPX Energy reported its Q1 2020 results. First quarter 2020 results Underlying replacement cost profit for the first quarter was $0.8 billion, compared with $2.4 billion for the same period a year earlier....
BP, Hilcorp Renegotiate $5.6B Deal for Alaskan Assets
BP plc has reaffirmed its plan for completing the sale of its Alaska business to Hilcorp Energy Co., first announced in August 2019. The parties have renegotiated the financial terms of the deal expect to complete...
BP CEO Vows 'No Layoffs' in Near-Term; Trims 2020 Capex by 25%
BP plc has reported an update on its operations in response to the COVID-19 pandemic and market disruptions related to oil prices. The company outlined several cost cutting strategies for 2020, but in a departure from...
Haynesville Update: Production, Rigs, Top Operators; Frac Designs
This week, we are taking a look at the latest production and well completion activity in the Haynesville from the past three years (2017-2019). Additionally we will take a close look at the activity the play...
BPX Energy Talks 2020 Outlook; Latest in Rigs, Permit Activity
BP plc reported Q4 2019 results for its upstream subsidiary, BPX Energy, as well as its corporate 2020 capital plan. 2020 Capital & Production Outlook In its call, BP noted that 2020 production would likely be...
Operator Adding 5 Rigs to Eagle Ford, Permian in 2020
BPX Energy, the lower 48 operating arm of BP plc, said something really interesting during the 3Q analyst call. Before we jump into that, just some quick look at the company operations. As you might remember,...
Kosmos, BP Come Up Empty at Latest GOM Exploration Well
Kosmos Energy has completed drilling the Resolution exploration well (Kosmos 50%, BP 50%) in the U.S. Gulf of Mexico. Resolution was designed to test an amplitude-supported sub-salt prospect in the underexplored western Garden Banks area. The...
Report: BP Chief Executive Dudley to Retire Within 12 Months
BP CEO Bob Dudley is set to retire within the year, according to a report by Sky News. The report states that an announcement of Dudley's retirement plans could come as early as the end of...
Kosmos Touts Results from BP-Operated Yakaar-2 Well Offshore Senegal
Kosmos Energy reported that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well. Development of Yakaar-Teranga is expected in a phased approach...
BP, Kosmos Tout Greater Tortue Prospect; On Track for 2022 Production
Kosmos Energy reported results from its Greater Tortue Ahmeyim-1 well. The well was drilled on the eastern anticline within the unit development area of Greater Tortue, has encountered approximately 30 meters of net gas pay in...
Exxon, Partners to Further Invest in Offshore Angola Block; Increase Production
ExxonMobil and its partners plan to further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. This decision comes on...
Shell Top Spender in Latest GOM Lease Sale with $94MM in Bids
Shell snapped up the majority of from the latest Gulf of Mexico lease sale, according to the Bureau of Ocean Energy Management's (BOEM) reports on the sale. The company bid a total of $94 million on...