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28.01.2019

Article

'Sandy' Is to Bring Artificial Intelligence to BP's Upstream Business

BP Ventures has invested $ 5 million in Belmont Technology’s solution to further expand the artificial intelligence (AI) and digital capabilities in its upstream business. The investment is to support the ongoing work exploring opportunities to apply machine learning and cognitiv...

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28.04.2017

Article

BP Sells Stake in Secco to Sinopec

BP has agreed to sell its 50 % stake in Shanghai Secco Petrochemical Company to Gaoqiao Petrochemical, a 100 % subsidiary of Sinopec, for a total consideration of $ 1.68 billion.

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11.04.2017

Article

Ineos Acquires Forties Pipeline System from BP

BP has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to Ineos.

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18.09.2016

Article

Balancing Carbon Emissions in PTA Production

BP today launched a new low carbon and carbon neutral PTA brand with three products that offer producers in the polyester value chain a way to mitigate their carbon dioxide emissions.

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16.09.2016

Article

US Economic Impact of BP

In its fourth Economic Impact Report, BP emphasises its important role as an economic and social player in the US.

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17.12.2014

Article

BP Boosts Petrochemical Branch with 200 Million Dollars

Oil multinational BP invests bidg sums in its petrochemicals business: The British company plans to spend US $ 200 million on two PTA plant upgardes in Europe and the US.

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12.05.2014

Article

RIL, BP and Niko join Forces to Put Pressure on Indian Government

RIL, BP and Niko have issued a Notice of Arbitration to the Government of India: The oil companies want to force authorities to implement the “Domestic Natural Gas Pricing Guideline 2014”, which could bring them higher prices.

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28.01.2014

Article

Chinese–US Group Plans World–Scale Methanol Projects in the US

China wants a piece of the shale gas action: According to US media, Chinese-American Northwest Innovation Work plans to invest around US $ 2 billion in methanol plants in the states.

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21.01.2014

Article

BP Completes Upgrade of Whiting Refinery

British oil multi BP has finished the last major milestones of its refinery upgrading project at Whiting, Indiana, USA. The start–up of a new 102,000 barrel per day coker in mid-November was the last big step in the project, designed to create US $ one billion per annum of additi...

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29.08.2013

Article

New Gas Discoveries off the Coast of India

RIL and BP have announced a new gas condensate discovery off the east coast of India in the Cauvery basin, where both companies work together in a deepwater exploration...

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03.06.2013

Article

New Gas Discoveries in KG D6 Offshore Field

Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India.

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05.02.2013

Article

Technip to Build 1,25 Million Tons/Year PTA Plant in India

Technip was awarded by JBF Petrochemicals, a wholly–owned subsidiary of JBF Industries, an important contract for a 1.25 million tons per year latest-generation purified terephthalic acid (PTA) unit, to be located in the Special Economic Zone in Mangalore, India. PTA is the prima...

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17.01.2013

Article

Attack on BP Gas Field in Amenas, Algeria

Islamist terrorists have attacked a BP operated gas field in Amenas, Algeria, taking several people on the site hostage. While the Algerian army besieges the site, several Algerian workers were able to escape the terrorists, media reports say...

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16.11.2012

Article

Record Fine for BP for Deepwater Horizon Oil Spill

BP and US authorities have reached an agreement: The British oil giant will pay largest criminal fine in US history – US 4.5 billion – for the damages caused by the 2010 explosion and following oil spill at the Deepwater Horizon oil rig in the Gulf of Mexico...

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23.10.2012

Article

BP Agrees on Terms of Rosneft Deal: Oil Company Sells TNK–BP Shares to Russian Giant

BP agrees to sell its shares in the Anglo–Russian oil joint–venture TNK–BP to Russia's oil giant Rosneft. The British oil company will receive a mixed payment of US $ 17.1 billion in cash, and shares representing 12.84 per cent of Rosneft. Part of that money shall be used to acqu...

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18.10.2012

Article

BP Sells Texas City Refinery to Marathon Petroleum

BP sells the next US refinery: The company has agreed to divest its Texas City facility to Marathon Petroleum for US $ 2.5 Billion. Its the second sale of a BP refinery in the US this year.

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13.06.2012

Article

Renewable Energies Witness 9th Year of Double–Digit Growth in Series

The new BP Review of World Energy, presented today in London, shows that renewable energies witnessed a 19 percent growth in 2011 (making it the ninth year of double digit growths for renewables in series). Biofuels alone rose by more than 13 percent, an increase that would have ...

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19.12.2011

Article

Air BP Expands Business in Brazil

Air BP, the aircraft fuels business of British oil mutli BP acquires further shares of Brazil's aviation fuel market by buying fuel assets at seven Brazilian airports. If the deal is approved by regulatory authorities, Air BP would have a 66 percent market share in the country.

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17.10.2011

Article

BP Explains New Strategy For Indian KGD6 Offshore Gasfields

After a falling gas production in the KGD6 offshore field during the third quarter of 2011 BP explains its new strategy for the joint operation together with Indian Reliance.

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21.09.2011

Article

BP Buys Additional Shares in Brazilian Bio–Ethanol Producer

BP buys another three percent shares in a Brazilian sugar and ethanol company. The company aims to strengthen its biofuels business with the acquisition.

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31.08.2011

Article

BP and Reliance Begin Cooperation in India

BP enters a strategic alliance with Indian Reliance by acquiring a 30 per cent stake in 21 oil and gas production sharing contracts (PSCs) of the Indian oil company. The cooperation of the two oil giants aims to operate across the gas value chain in India, from exploration and pr...

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09.06.2011

Article

China Overtakes USA as Top Consumer as World Energy Demand grows Strongly

According to the 60th annual BP Statistical Review of World Energy, China became the world’s largest energy consumer in 2010 overtaking the USA during a year which saw the rebound in the global economy drive consumption higher and at a rate not seen since the aftermath of the 197...

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23.05.2011

Article

RIL and BP to Collaborate on Offshore Exploration

Oil and gas giant BP will invest $9 billion to acquire a 30-percent-share in Reliance Industry (RIL) offshore exploration blocks.

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