Latest news
BP signs agreement to hasten development of Atoll gas field in Egypt
UK-based oil and gas major BP has inked a heads of agreement (HoA) with the Egyptian Minister of Petroleum to accelerate the expansion of the Atoll gas field in the country.
read more... 09/11/2015
BP inks a gas supply agreement of $10 billion with China's Huadian
Oil major BP has inked a $10 billion liquefied natural gas (LNG) supply agreement with China's Huadian electricity producer, signing the deal as part of Chinese President Xi Jinping's state visit to Britain.
read more... 22/10/2015
Daily: European spot power prices up on colder weather, weak wind supply
Crude oil prices declined on Monday, falling 5 % as traders took profits after last week’s hike to an 11-week high and report that OPEC kept on to increase production despite a continuous oversupply. Both Brent and U.S. crude futures recorded the largest percentage losses since the start of September with the North Sea crude slipping $2.79 at $49.86 and West Texas Intermediate declining $2.53 at $47.10. OPEC slashed its estimate of 2016 world oil demand growth by 40,000 bpd to 1.25 million bpd amid sluggish growth in China.
read more... 13/10/2015
Thailand’s PTT will purchase LNG from Shell, BP in long term agreements
Thai state energy company PTT PCL has won authorization to acquire a total of 2 million tonnes a year of liquefied natural gas (LNG) from Shell Eastern Trading (PTE) and BP Singapore PTE Ltd in long term agreements, as stated by the energy minister on Thursday.
read more... 13/08/2015
BP focuses new investments on North Sea development
British oil giant BP aims to invest $1 billion (£640 million) developing key North Sea assets, at a time when other oil companies want to quit the ageing UK North Sea basin.
read more... 06/08/2015