Latest news
UK government: secret promotion of Canada’s oil sands
According to a British media report, the UK government secretly supported Canada’s campaign against European penalties on its oilsands fuel. Meanwhile, UK government was being lobbied by the British oil majors Shell and BP, which hold significant oil sands in Alberta, Canada.
read more... 28/11/2011
BP announced its Scrip Dividend Programme
The British Petroleum board communicated on October 25th, 2011 that the interim dividend for the third quarter 2011 will account for US 0.07 dollars per ordinary share and US 0.42 dollars per ADS. This is to be paid on December 19th, 2011 in cash sterling to owners of ordinary shares and in US dollars to owners of ADSs.
read more... 10/11/2011
Serious queries over BP pipeline
Recently, Azerbaijan and Turkey consented to use the spare capacities in the Turkish pipelines as to transport Azerbaijani gas verso Europe, and consequently to construct a new pipeline across Turkey as to transport exceeded volumes of the spare capacities in Turkey’s pipelines.
read more... 08/11/2011
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
EU: new legislation on offshore oil and gas drilling
The European Union issued a new legislation on offshore oil and gas drilling to guard itself against a repeat of BP's Deepwater Horizon oil spill. It marks the first time the EU has proposed a bloc-wide legislation on offshore oil and gas, although it complements an existing directive on environmental liability under which the polluter pays.
read more... 01/11/2011